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Property profile & analytics
OFF-MARKET
Turn key restaurants
1101 Milton Way Milton, WA 98354
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-0637890
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2015
Construction
WOOD FRAME
Total area
405 SF
Lot
0.2 ac (8,700 SF)
Zoning code
MX
APN
5985000870
UPID
US90-0637890
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
-
Café Elite 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
by Request
Owner & transaction history
Cafe Elite LLC · 10 yrs held
Cafe Elite LLC
since 2016
7 recorded transactions
Zoning & alternative use
MX · Milton, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the mixed use town center district is to encourage the development of a compact town center within the city of Milton, in furtherance of the goals of the comprehensive plan. It is envisioned that this town center will contain a mixture of land uses which will promote pedestrian access and small-scale shops and services within walking distance…
Zone name
Mixed Use Town Center District
General category
MIXED_USE
Zone area
13.43 ac
Source
Realmo
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 Milton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Milton 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 2024Property tax & assessments
Tax year 2024
Tax billed
$3,285
Tax year 2024
Assessed value
$328,000
Assessed 2024
Previous assessed
$328,000
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$189,300
Assessed improvement
$138,700
Land market value
$189,300
Improvement market value
$138,700
Total market value
$328,000
Applied tax rate
79.0000
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
2015
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
1
Total area
405 SF
Lot
0.2 ac (8,700 SF)
Zoning code
MX
APN
5985000870
UPID
US90-0637890
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
MX · Milton, WAZoning MX · permitted uses
MX · Milton, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the mixed use town center district is to encourage the development of a compact town center within the city of Milton, in furtherance of the goals of the comprehensive plan. It is envisioned that this town center will contain a mixture of land uses which will promote pedestrian access and small-scale shops and services within walking distance of residential areas
Zone name
Mixed Use Town Center District
General category
MIXED_USE
Zone area
13.43 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2015
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
1
Lot
0.2 ac
Current owner
From public records · entity-resolved
Cafe Elite LLC
Entity
Free & Clear · 10 yrs held
Mailing address
3829 S M ST, TACOMA, WA 98418-3933
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
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
Apr 5, 2019
—
Specialty Coffee LLC
—
Deed
related
$140,000 · Timberland Bank
Feb 9, 2016
—
Cafe Elite LLC
True Mountain LLC
Grant Deed
related
—
Jul 2, 2012
$160,000
Cafe Elite LLC
Oldright,robert L
Warranty Deed
$155,000 · True Mountain LLC
Jun 27, 2007
—
Steven Y Choe
Choe,eunhee
Quit Claim Deed
related
—
Jun 27, 2007
$130,000
True Mountain LLC
Choe,steven Y
Warranty Deed
—
May 9, 2003
$79,111
Steven Y Choe
Stockholders Of Skyline Invest
Grant Deed
$38,000 · Stockholders Of Skyline Invest
—
—
Skyline Investments LLC
—
Deed Of Trust
related
$45,000 · Sound Banking Co
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.
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