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Property profile & analytics
OFF-MARKET
Estimated value
$1,225,000
Turn key restaurants
112 Main St Auburn, WA 98002-5411
Entity Owned
3-yr Hold
Free & Clear
Property ID
US90-1309073
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1912
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,320 SF
Lot
0.09 ac (4,000 SF)
Zoning code
DUC
APN
733140-0030
UPID
US90-1309073
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
-
Gold Wing Road Riders Association Motoring Club
-
Rainbow Cafe Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.13M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.25M
Blend (final)
Blend
$1.23M
Owner & transaction history
Chung S Investment Company LLC · 3 yrs held
Chung S Investment Company LLC
since 2022
Last sale
$1.3M
6 recorded transactions
Zoning & alternative use
DUC · Auburn, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
theast Auburn Special Area Plan and Auburn Gateway Planned Action 18.09 R-MHC Manufactured/Mobile Home Community Zone 18.21 Overlays 18.23 Commercial and Industrial Zones 18.25 Middle Housing Development Standards 18.29 DUC Downtown Urban Center District 18.31 Supplemental Development Standards 18.32 Accessory Dwelling Unit Development Standards 18.35 Specia…
Zone name
Downtown Urban Center
General category
CIVIC_INSTITUTIONAL
Zone area
167.83 ac
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 Auburn submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Auburn 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
Method
Estimation
Statistic approach
$1,160,000
ML approach
$1,125,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.23M
Range $1.10M – $1.35M · ±10% · vs last sale $1.30M (Oct 13 2022)
Last sale anchor
$1.30M
Oct 13 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$230 / 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
$10,956
Tax year 2022
Assessed value
$862,000
Assessed 2022
Previous assessed
$862,000
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$96,000
Assessed improvement
$766,000
Land market value
$96,000
Improvement market value
$766,000
Total market value
$862,000
Applied tax rate
133.0000
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
1912
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Stories
2
Total area
5,320 SF
Lot
0.09 ac (4,000 SF)
Zoning code
DUC
APN
733140-0030
UPID
US90-1309073
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
DUC · Auburn, WAZoning DUC · permitted uses
DUC · Auburn, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
theast Auburn Special Area Plan and Auburn Gateway Planned Action 18.09 R-MHC Manufactured/Mobile Home Community Zone 18.21 Overlays 18.23 Commercial and Industrial Zones 18.25 Middle Housing Development Standards 18.29 DUC Downtown Urban Center District 18.31 Supplemental Development Standards 18.32 Accessory Dwelling Unit Development Standards 18.35 Special Purpose Zones 18.36 Repealed 18.38 L-F Airport Landing Field District, Overlay, a
Zone name
Downtown Urban Center
General category
CIVIC_INSTITUTIONAL
Zone area
167.83 ac
Building & site characteristics
From public records
Year built
1912
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Stories
2
Lot
0.09 ac
Current owner
From public records · entity-resolved
Chung S Investment Company LLC
Entity
Free & Clear · 3 yrs held
Mailing address
37415 19TH PL S, FEDERAL WAY, WA 98003-7577
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2022
—
Chungs Investment Company LLC
—
Deed
related
$845,000 · Us Metro Bank
Oct 13, 2022
$1,300,000
Chung S Investment Company LLC
Fawcett Properties LLC
Warranty Deed
—
Jun 30, 2006
$825,000
Fawcett Properties LLC
Pitre,james S & Audrey D
Warranty Deed
$422,350 · Key Bank NA
Mar 17, 1995
—
Phillips Ptshp
Phillips,wallace R & Joyce E
Quit Claim Deed
related
$152,000 · Cascade Community Bank
Jan 5, 1995
—
Wallace R Joyce
Rainbow Cafe
Quit Claim Deed
related
—
Jan 19, 1988
$175,000
Phillips Pitre INC
Strecker,james S
Grant Deed
—
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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