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Property profile & analytics
OFF-MARKET
Turn key restaurants
109 Yesler Way Seattle, WA 98104-3473
Entity Owned
5-yr Hold
Free & Clear
Property ID
US90-0184682
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,560 SF
Lot
0.04 ac (1,800 SF)
Zoning code
PSM 100/100-120
APN
524780-0550
UPID
US90-0184682
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Historic Apartments at Merchants Cafe & Saloon Hotel & Motel Vacation Rental
-
Merchant's Cafe and Saloon Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Unico Bop Korn Walker LLC · 5 yrs held
Unico Bop Korn Walker LLC
since 2020
7 recorded transactions
Zoning & alternative use
PSM 100/100-120 · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Seattle submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Seattle submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$13,672
Tax year 2022
Assessed value
$1,640,000
Assessed 2022
Previous assessed
$1,640,000
+0.0% YoY
Effective rate
0.83%
On assessed value
Assessed land
$774,000
Assessed improvement
$866,000
Land market value
$774,000
Improvement market value
$866,000
Total market value
$1,640,000
Applied tax rate
11.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Stories
3
Total area
7,560 SF
Lot
0.04 ac (1,800 SF)
Zoning code
PSM 100/100-120
APN
524780-0550
UPID
US90-0184682
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
PSM 100/100-120 · Seattle, WA
Zoning PSM 100/100-120 · permitted uses
PSM 100/100-120 · Seattle, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Seattle. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Stories
3
Lot
0.04 ac
Current owner
From public records · entity-resolved
Unico Bop Korn Walker LLC
Entity
Free & Clear · 5 yrs held
Mailing address
85 S WASHINGTON ST STE #211, SEATTLE, WA 98104-3403
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2024
—
Unico Bop Korn Walker LLC
—
Deed
related
$8,420,000 · Mif Wa Korn Walker LLC
Nov 20, 2020
—
Unico Bop Korn Walker LLC
—
Deed
related
—
Oct 1, 2020
—
Unico Bop Korn Walker LLC
Unico Bop Mmb LLC
Quit Claim Deed
related
—
Oct 1, 2019
—
Unico Bop Mmb LLC
Sgs Investments LLC
Grant Deed
—
Apr 24, 2012
—
Sgs Investments LLC
Merchants General Ptshp
Quit Claim Deed
related
—
Apr 12, 2012
—
Ptshp Merchants
Sgs Investments LLC
Quit Claim Deed
related
—
Apr 15, 2002
—
Dennis J Loeb
Sgs Investments LLC
Quit Claim Deed
related
—
May 1, 2001
$650,000
Sgs Investments LLC
Scott,brian A & Mary F
Grant Deed
$350,000 · Brian A & Mary F
Feb 14, 1997
$250,000
Brian A Scott
Blackler,carolyn & Susan B
Grant Deed
$155,000 · Towne Bank
—
—
Brian A Scott
—
Deed Of Trust
related
$200,000 · Banner Bank
—
—
Sgs Investments LLC
—
Deed Of Trust
related
$990,000 · Bank Of America
—
—
Sgs Investments LLC
—
Deed Of Trust
related
$1,301,600 · Cascade Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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