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Property profile & analytics
OFF-MARKET
Estimated value
$295,000
Drive through restaurants
14506 Bothell NE Way Lake Forest Park, WA 98155-7606
Individually Owned
1-yr Hold
Free & Clear
Property ID
US90-0676402
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1995
Construction
WOOD
Total area
1,867 SF
Lot
0.29 ac (12,525 SF)
Zoning code
SG-C
APN
162604-9070
UPID
US90-0676402
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$260k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$295k
Owner & transaction history
Ctrl Puget Sound Regional Transit A · 1 yrs held
Ctrl Puget Sound Regional Transit A
since 2025
5 recorded transactions
Zoning & alternative use
SG-C · Lake Forest Park, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
All sites in the SG-C zone must have adequate screening and landscaping, subject to the southern gateway - corridor design guidelines [1] . The provisions of Chapter 16.14 LFPMC (Tree Canopy Preservation and Enhancement) shall apply; provided, that the canopy coverage goal established in LFPMC § 16.14.080(A) shall be five percent for the SG-C zone for nonpar…
Zone name
Southern Gateway Corridor
General category
MIXED_USE
Zone area
11.15 ac
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 Lake Forest Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Forest Park 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
$260,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$295k
Range $266k – $325k · ±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
$158 / 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
$11,849
Tax year 2022
Assessed value
$1,159,000
Assessed 2022
Previous assessed
$1,159,000
+0.0% YoY
Effective rate
1.02%
On assessed value
Assessed land
$776,500
Assessed improvement
$382,500
Land market value
$776,500
Improvement market value
$382,500
Total market value
$1,159,000
Applied tax rate
1,239.0000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1995
Construction
WOOD
Heating
OTHER
Cooling
OTHER
Stories
1
Total area
1,867 SF
Lot
0.29 ac (12,525 SF)
Zoning code
SG-C
APN
162604-9070
UPID
US90-0676402
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
SG-C · Lake Forest Park, WAZoning SG-C · permitted uses
SG-C · Lake Forest Park, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
All sites in the SG-C zone must have adequate screening and landscaping, subject to the southern gateway - corridor design guidelines [1] . The provisions of Chapter 16.14 LFPMC (Tree Canopy Preservation and Enhancement) shall apply; provided, that the canopy coverage goal established in LFPMC § 16.14.080(A) shall be five percent for the SG-C zone for nonparking areas and 30 percent for open parking lots. Also, the provisions under LFPMC § 16.14.080(B) regarding designating a tree tract equal to five percent of the gross project area shall not apply. ( Ord. 1057
Zone name
Southern Gateway Corridor
General category
MIXED_USE
Zone area
11.15 ac
Building & site characteristics
From public records
Year built
1995
Construction
WOOD
Heating
OTHER
Cooling
Yes
Stories
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Ctrl Puget Sound Regional Transit A
Individual
Free & Clear · 1 yrs held
Mailing address
2200 BEAU W CT, GRANBURY, TX 76049-8085
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 6, 2025
—
Ctrl Puget Sound Regional Transit A
Chad Reibman
Bargain & Sale Deed
—
May 16, 2022
—
Scott Gregory Lewis
Scott Gregory Lewis
Intrafamily Transfer
related
—
Apr 20, 2011
—
Chad Reibman
Lewis Family Trust
Quit Claim Deed
related
—
Nov 5, 2010
—
Chad Reibman
Lewis Family Trust
Quit Claim Deed
related
—
—
—
Olympic Foods Of Washington In
—
Deed Of Trust
related
$4,200,000 · Atherton Capital INC
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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