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Property profile & analytics
FOR SALE
Grocery and convenience stores
12848 Martin Luther King Jr Way S, Seattle, WA 98178
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-1128266
For Sale
1 / 26
$4,701,700
12848 Martin Luther King Jr Way S, Seattle, WA 98178
View Listing →
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1982
Construction
WOOD
Total area
2,400 SF
Lot
0.48 ac (20,692 SF)
Zoning code
NBP
APN
217200-0671
UPID
US90-1128266
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
-
ATM (7-Eleven) Atm
-
Citibank ATM Atm
-
Western Union Bank Credit Union
-
7-Eleven Grocery & Convenience Store
-
MoneyGram Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.44M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.41M
Owner & transaction history
Gcs Multi LLC · 5 yrs held
Gcs Multi LLC
since 2021
Last sale
$4.4M
2 recorded transactions
Zoning & alternative use
NBP · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Method
Estimation
Statistic approach
$4,385,000
ML approach
$4,435,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.41M
Range $3.96M – $4.85M · ±10% · vs last sale $4.40M (Jan 8 2021)
Last sale anchor
$4.40M
Jan 8 2021
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
$1,835 / 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
$8,905
Tax year 2022
Assessed value
$680,300
Assessed 2022
Previous assessed
$680,300
+0.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$506,900
Assessed improvement
$173,400
Land market value
$506,900
Improvement market value
$173,400
Total market value
$680,300
Applied tax rate
4,216.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
For Sale
Year built
1982
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Total area
2,400 SF
Lot
0.48 ac (20,692 SF)
Zoning code
NBP
APN
217200-0671
UPID
US90-1128266
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NBP · Seattle, WA
Zoning NBP · permitted uses
NBP · Seattle, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Seattle. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1982
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Lot
0.48 ac
Current owner
From public records · entity-resolved
Gcs Multi LLC
Entity
Mailing address
PO BOX 711, DALLAS, TX 75221-0711
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2021
$4,400,000
Gcs Multi LLC
7 Eleven INC
Special Warranty Deed
$71,600,000 · Wells Fargo Bank NA
Nov 19, 2004
$475,000
7-eleven INC
Zallocco,elvera
Warranty Deed
$400,000 · Elvera Zallocco
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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