Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Turn key restaurants
1411 156th NE Ave Bellevue, WA 98007-4407
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US90-1397997
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1975
Construction
WOOD
Total area
10,462 SF
Lot
1.22 ac (52,969 SF)
Zoning code
CB
APN
262505-9233
UPID
US90-1397997
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
-
xiaopangji BBQ烧烤 Restaurant
-
Happy Lamb Hot Pot, Bellevue Restaurant
-
E+noodles Restaurant
-
Yummy Chinese BBQ Restaurant
-
Food Times 小食代 Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$405k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$692k
Blend (final)
Blend
$550k
Owner & transaction history
Black Piano LLC · 14 yrs held
Black Piano LLC
since 2011
7 recorded transactions
Zoning & alternative use
CB · Bellevue, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Community Business Districts serve community markets and provide areas for the location of services and retail outlets, other than Downtown.
Zone name
Community Business
General category
COMMERCIAL
Zone area
251.46 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 Bellevue submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bellevue 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
by Request
ML approach
$405,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$550k
Range $495k – $605k · ±10%
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
$53 / 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
$26,240
Tax year 2022
Assessed value
$3,708,800
Assessed 2022
Previous assessed
$3,708,800
+0.0% YoY
Effective rate
0.71%
On assessed value
Assessed land
$3,707,800
Assessed improvement
$1,000
Land market value
$3,707,800
Improvement market value
$1,000
Total market value
$3,708,800
Applied tax rate
330.0000
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
1975
Construction
WOOD
Heating
OTHER
Cooling
OTHER
Stories
1
Total area
10,462 SF
Lot
1.22 ac (52,969 SF)
Zoning code
CB
APN
262505-9233
UPID
US90-1397997
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CB · Bellevue, WAZoning CB · permitted uses
CB · Bellevue, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Community Business Districts serve community markets and provide areas for the location of services and retail outlets, other than Downtown.
Zone name
Community Business
General category
COMMERCIAL
Zone area
251.46 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1975
Construction
WOOD
Heating
OTHER
Cooling
Yes
Stories
1
Lot
1.22 ac
Current owner
From public records · entity-resolved
Black Piano LLC
Entity
Mailing address
PO BOX 6635, BELLEVUE, WA 98008-0635
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 20, 2011
$3,025,000
Black Piano LLC
Pac Plaza LLC
Warranty Deed
$1,512,500 · Zions First National Bank
Jan 4, 2011
—
Rdw Properties LLC
Westlin,deborah G
Quit Claim Deed
related
—
Aug 10, 2007
—
Deborah G Westlin
Wheeler,richard T & Gloria M
Quit Claim Deed
related
—
Jan 10, 2003
—
Richard T Whweeler
Pac Plaza LLC
Grant Deed
related
—
Sep 10, 2002
—
The Pac Plaza LLC
Dotson,b F & Patricia S
Quit Claim Deed
related
—
Apr 6, 2001
—
Pacplaza LLC
Dotson,bennie F & Patricia S
Quit Claim Deed
related
—
Aug 19, 1992
$84,000
Waddell Herbert Janet
Wiebe,john H&mar
Quit Claim Deed
related
—
—
—
Black Piano LLC
—
Deed Of Trust
related
$1,499,000 · Bank Of The West
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1411 156th NE Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
