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Property profile & analytics
OFF-MARKET
Turn key restaurants
1225 Central N Ave Kent, WA 98032-3041
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US90-1755483
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1969
Construction
WOOD
Total area
4,667 SF
Lot
0.77 ac (33,502 SF)
Zoning code
GC
APN
132204-9184
UPID
US90-1755483
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
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
Kr Investments Property LLC · 9 yrs held
Kr Investments Property LLC
since 2017
3 recorded transactions
Zoning & alternative use
GC · Kent, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose and intent of the general commercial district is to provide for the location of commercial areas developed along certain major thoroughfares to provide use incentives and development standards and to provide for a range of trade, service, entertainment, and recreation land uses which occur adjacent to major traffic arterials and residential uses
Zone name
General Commercial
General category
COMMERCIAL
Zone area
89.44 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 Kent submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kent 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
$11,432
Tax year 2022
Assessed value
$1,045,700
Assessed 2022
Previous assessed
$1,045,700
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$628,100
Assessed improvement
$417,600
Land market value
$628,100
Improvement market value
$417,600
Total market value
$1,045,700
Applied tax rate
1,526.0000
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
1969
Construction
WOOD
Heating
OTHER
Cooling
OTHER
Stories
1
Total area
4,667 SF
Lot
0.77 ac (33,502 SF)
Zoning code
GC
APN
132204-9184
UPID
US90-1755483
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
GC · Kent, WAZoning GC · permitted uses
GC · Kent, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose and intent of the general commercial district is to provide for the location of commercial areas developed along certain major thoroughfares to provide use incentives and development standards and to provide for a range of trade, service, entertainment, and recreation land uses which occur adjacent to major traffic arterials and residential uses
Zone name
General Commercial
General category
COMMERCIAL
Zone area
89.44 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1969
Construction
WOOD
Heating
OTHER
Cooling
Yes
Stories
1
Lot
0.77 ac
Current owner
From public records · entity-resolved
Kr Investments Property LLC
Entity
Mailing address
PO BOX 866, WOODINVILLE, WA 98072-0866
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2017
$1,155,800
Kr Investments Property LLC
Ems LLC
Warranty Deed
$982,400 · Jpmorgan Chase Bank NA
Apr 21, 2005
—
Ems LLC
Sg Springer LLC
Quit Claim Deed
related
—
Apr 3, 2003
—
Scott G Springer
Springer,william G Est
Quit Claim Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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