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Property profile & analytics
OFF-MARKET
Estimated value
$1,035,000
Turn key restaurants
14303 436th SE Ave, North Bend, WA 98045-9666
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-0919325
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1960
Construction
FRAME
Total area
2,585 SF
Lot
2.11 ac (91,912 SF)
Zoning code
RA2.5
APN
152308-9019
UPID
US90-0919325
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
-
The Riverbend Cafe Cafe & Coffee Shop
-
Compass Outdoor Adventures Tour Operator (Bike/Boat/Book/etc) Store
-
South Fork Event Center Restaurant
-
South Fork Restaurant
-
South Fork North Bend Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.04M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.12M
Blend (final)
Blend
$1.04M
Owner & transaction history
14303 South Fork Properties LLC · 2 yrs held
14303 South Fork Properties LLC
since 2024
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
RA2.5 · North Bend, 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 North Bend submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Bend 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
$1,035,000
ML approach
$1,035,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,370,000
Current use
COMMERCIAL (GENERAL)
$1,320,000
Change: -4% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,185,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$1.04M
Range $932k – $1.14M · ±10% · vs last sale $1.04M (May 22 2024)
Last sale anchor
$1.04M
May 22 2024
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
$400 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$11,027
Tax year 2024
Assessed value
$885,153
Assessed 2023
Previous assessed
$885,153
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$99,653
Assessed improvement
$785,500
Land market value
$99,653
Improvement market value
$785,500
Total market value
$885,153
Applied tax rate
6,675.0000
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
1960
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
2,585 SF
Lot
2.11 ac (91,912 SF)
Zoning code
RA2.5
APN
152308-9019
UPID
US90-0919325
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
RA2.5 · North Bend, WA
Zoning RA2.5 · permitted uses
RA2.5 · North Bend, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Bend. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.2M
RESTAURANT Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1960
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
2.11 ac
Current owner
From public records · entity-resolved
14303 South Fork Properties LLC
Entity
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 22, 2024
—
14303 South Fork Properties LLC
Michalene Niazi
Quit Claim Deed
related
—
Sep 30, 2021
$1,035,000
Michalene Niazi
Riverbend Land Co LLC
Warranty Deed
—
Oct 17, 2019
—
Si View Metro Pk District
Riverbend Land Co LLC
Warranty Deed
—
Nov 29, 2018
$1,250,000
Riverbend Land Co LLC
Seattle
Warranty Deed
$700,000 · North Bend Investments LLC
Feb 25, 2009
$1,800,000
Corp Of Catholic Archbishop/seatt
Cascade Links Nine LLC
Warranty Deed
—
Mar 16, 2004
—
Cascade Links Nine LLC
Jorgensen,wallace L
Quit Claim Deed
related
—
May 13, 1999
$798,574
Wallace J Jorgensen
Lawrence,fred & Carol
Grant Deed
$950,000 · Issaquah Bank
—
—
Cascade Links Nine LLC
—
Deed Of Trust
related
$40,000 · Issaquah Bank
—
—
Lawrence
—
Deed Of Trust
related
$350,000 · Issaquah Bank
—
—
Wallace L Jorgensen
—
Deed Of Trust
related
$81,074 · Issaquah Bank
—
—
Wallace L Jorgenson
—
Deed Of Trust
related
$100,000 · Issaquah Bank
—
—
Cascade Links Nine LLC
—
Deed Of Trust
related
$578,000 · Cnl Mortgage
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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