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Property profile & analytics
FOR LEASE
Retail space
11009 1St Ave S Seattle, WA 98146
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-1329064
For Lease
1 / 2
Contact for pricing
11009 1St Ave S, Seattle, WA 98146
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Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
13,167 SF
Lot
0.61 ac (26,491 SF)
Zoning code
CBSO
APN
062304-9048
UPID
US90-1329064
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
-
Aaloktronix Factory Production Facility
-
Fuego Burritos Gourmet Restaurant
-
Catrachita Guevara Restaurant
-
Chilangolandia La Capital de Taco Seattle Restaurant
-
Tiltshift Coffee Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.10M
Owner & transaction history
Sars Holdings LLC · 6 yrs held
Sars Holdings LLC
since 2019
7 recorded transactions
Zoning & alternative use
CBSO · Seattle, WA
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
$159 / SF
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
$20,791
Tax year 2022
Assessed value
$1,531,700
Assessed 2022
Previous assessed
$1,531,700
+0.0% YoY
Effective rate
1.36%
On assessed value
Assessed land
$476,800
Assessed improvement
$1,054,900
Land market value
$476,800
Improvement market value
$1,054,900
Total market value
$1,531,700
Applied tax rate
3,705.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
OTHER
Stories
1
Total area
13,167 SF
Lot
0.61 ac (26,491 SF)
Zoning code
CBSO
APN
062304-9048
UPID
US90-1329064
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CBSO · Seattle, WAZoning CBSO · permitted uses
CBSO · Seattle, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Municipal Code
Building & site characteristics
From public records
Year built
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
Yes
Stories
1
Lot
0.61 ac
Current owner
From public records · entity-resolved
Sars Holdings LLC
Entity
Mailing address
16238 9TH AVE SW, BURIEN, WA 98166-2924
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2019
—
Sars Holdings LLC
—
Deed
related
$500,000 · Bank Of Hope
Aug 1, 2019
$1,500,000
Sars Holdings LLC
Spectrum Family Trust
Warranty Deed
$400,000 · Spectrum Family Trust (it)
Nov 23, 2016
—
Spectrum Family Trust
Lakhani Ents INC
Warranty Deed
—
Oct 2, 2013
$889,000
Lakhani Ents INC
11009 Associates
Warranty Deed
$189,000 · 11009 Associates
Jun 30, 1995
—
11009 Associates
Bristol,cecil R & Deborah E
Quit Claim Deed
related
$520,000 · Seattle-first National Bank
Dec 6, 1989
—
Bristol/ranger,
Exchange Facilit
Grant Deed
related
—
—
—
Sars Holdings LLC
—
Deed Of Trust
related
$500,000 · Bank Of Hope
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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