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Property profile & analytics
OFF-MARKET
Estimated value
$5,210,000
Grocery and convenience stores
1420 45th St, Seattle, WA 98103-6707
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-3361612
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1968
Construction
STEEL FRAME
Total area
1,861 SF
Lot
0.36 ac (15,654 SF)
Zoning code
NC2P-55 (M)
APN
686520-0880
UPID
US90-3361612
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
-
Zipcar Car Rental Facility
-
ATM Atm
-
El gran Taco Wallingford Restaurant
-
Seattle Propane Propane Supplier
-
Amazon Locker - Pippin Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.74M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.45M
Blend (final)
Blend
$5.21M
Owner & transaction history
Rain City Property LLC · 3 yrs held
Rain City Property LLC
since 2022
Last sale
$6.0M
7 recorded transactions
Zoning & alternative use
NC2P-55 (M) · 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
$4,875,000
ML approach
$4,735,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.21M
Range $4.69M – $5.73M · ±10% · vs last sale $6.00M (Sep 15 2022)
Last sale anchor
$6.00M
Sep 15 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
$2,800 / 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
$43,643
Tax year 2022
Assessed value
$5,010,200
Assessed 2022
Previous assessed
$5,010,200
+0.0% YoY
Effective rate
0.87%
On assessed value
Assessed land
$5,009,200
Assessed improvement
$1,000
Land market value
$5,009,200
Improvement market value
$1,000
Total market value
$5,010,200
Applied tax rate
10.0000
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
Off-Market
Year built
1968
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Total area
1,861 SF
Lot
0.36 ac (15,654 SF)
Zoning code
NC2P-55 (M)
APN
686520-0880
UPID
US90-3361612
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC2P-55 (M) · Seattle, WA
Zoning NC2P-55 (M) · permitted uses
NC2P-55 (M) · 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
1968
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Lot
0.36 ac
Current owner
From public records · entity-resolved
Rain City Property LLC
Entity
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2022
—
Urban Group LLC
—
Deed
related
$200,000 · Sun Pacific Energy INC
Sep 15, 2022
$6,000,000
Rain City Property LLC
Boardwalk Holdings LLC
Warranty Deed
$6,580,000 · Avatar Reit I LLC
Dec 1, 2017
—
Boardwalk Holdings LLC
—
Deed
related
$999,000 · Columbia State Bank
Jul 26, 2006
—
Boardwalk Holdings LLC
—
Trustees Deed
related
$25,000 · Mary E Pubols
Jul 29, 2005
—
Boardwalk Holdings LLC
—
Trustees Deed
related
$456,000 · Bank Of The West
Dec 30, 2003
$1,190,000
Broadwalk Holdings LLC
USA
Grant Deed
related
$1,047,000 · Bank Of The West
—
—
Boardwalk Holdings LLC
—
Deed Of Trust
related
$1,016,000 · Ameritrust Cdc
—
—
Boardwalk Holdings LLC
—
Deed Of Trust
related
$1,163,591 · Pacific International Bank
—
—
Boardwalk Holdings LLC
—
Deed Of Trust
related
$150,000 · James M Chaffeur
—
—
Boardwalk Holdings LLC
—
Deed Of Trust
related
$1,163,591 · Bbu Bank
—
—
Boardwalk Holdings LLC
—
Deed Of Trust
related
$210,000 · Robert L & Marie Culley
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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