Property profile

121 Hwy 162nd W South Prairie, WA 98385

OFF-MARKET
Turn key restaurants
Property ID
US90-1582368
2,884 SF 0.14 ac lot Built 1930
Entity Owned 2-yr Hold Free & Clear
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1930
Construction WOOD FRAME
Total area 2,884 SF
Lot 0.14 ac (6,000 SF)
Zoning code C
APN 2530000050
UPID US90-1582368

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

121 Hwy 162nd W South Prairie, WA 98385-9802
South Prairie metro Census 70204 SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$380k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$380k

Owner & transaction history

since 2024
Last sale
$380,000
5 recorded transactions
2024
$380,000
2007
$280,000
2005
Price N/A
1990
$255,000
1969
Price N/A

Zoning & alternative use

C · South Prairie, WA
General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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