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Property profile & analytics
OFF-MARKET
Estimated value
$2,450,000
Turn key restaurants
145 En Bnd Way, North Bend, WA 98045
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-0689927
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1924
Construction
WOOD
Total area
4,409 SF
Lot
0.17 ac (7,500 SF)
Zoning code
DC
APN
857190-0015
UPID
US90-0689927
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
$2.42M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.45M
Owner & transaction history
Ambassador Holdings LLC · 3 yrs held
Ambassador Holdings LLC
since 2023
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
DC · 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
$2,385,000
ML approach
$2,420,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,340,000
Current use
COMMERCIAL (GENERAL)
$2,250,000
Change: -4% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,025,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$2.45M
Range $2.21M – $2.70M · ±10% · vs last sale $2.50M (Jan 4 2023)
Last sale anchor
$2.50M
Jan 4 2023
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
$556 / 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
$9,478
Tax year 2022
Assessed value
$1,102,200
Assessed 2022
Previous assessed
$1,102,200
+0.0% YoY
Effective rate
0.86%
On assessed value
Assessed land
$225,000
Assessed improvement
$877,200
Land market value
$225,000
Improvement market value
$877,200
Total market value
$1,102,200
Applied tax rate
1,925.0000
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
1924
Construction
WOOD
Heating
FORCED AIR
Stories
1
Total area
4,409 SF
Lot
0.17 ac (7,500 SF)
Zoning code
DC
APN
857190-0015
UPID
US90-0689927
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
DC · North Bend, WA
Zoning DC · permitted uses
DC · 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
$2.3M
COMMERCIAL (GENERAL)
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$2.0M
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
1924
Construction
WOOD
Heating
FORCED AIR
Stories
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Ambassador Holdings LLC
Entity
Mailing address
1065 GREENWOOD BLVD SW, ISSAQUAH, WA 98027-4538
Ownership since
2023
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
Jan 4, 2023
$2,500,000
Ambassador Holdings LLC
Keith C Mickle
Land Contract
$2,000,000 · Not Available
Jan 13, 2022
—
Keith C Mickle
—
Deed
related
$638,500 · Washington Trust Bank
Jun 9, 2016
—
Keith C Mickle
—
Deed
related
$875,000 · Bank Of America
Dec 31, 1997
$370,000
Keith C Mickle
Little Chalet Restaurant INC
Grant Deed
$320,000 · Little Chalet Restaurant INC
—
—
Keith C Mickle
—
Deed Of Trust
related
$562,436 · Banner Bank
—
—
Keith C Mickle
—
Deed Of Trust
related
$862,679 · Sterling Bank
—
—
Keith C Mickle
—
Deed Of Trust
related
$137,500 · Banner Bank
—
—
Keith C Mickle
—
Deed Of Trust
related
$875,000 · Bank Of America
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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