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Property profile & analytics
OFF-MARKET
Estimated value
$2,430,000
Turn key restaurants
1509 Broadway, Seattle, WA 98122-3810
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-1234941
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1911
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
14,400 SF
Lot
0.17 ac (7,604 SF)
Zoning code
NC3P-75 (M)
APN
600300-0520
UPID
US90-1234941
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
-
Neighbours Nightclub and Lounge Nightclub
-
Eskandala Latín Night Bar & Pub
-
Seattle Latin Night/Noche Latina Nightclub Music Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.13M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.43M
Owner & transaction history
1509 Broadway LLC · 3 yrs held
1509 Broadway LLC
since 2022
Last sale
$2.7M
7 recorded transactions
Zoning & alternative use
NC3P-75 (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
$2,195,000
ML approach
$2,125,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.43M
Range $2.19M – $2.67M · ±10% · vs last sale $2.70M (Sep 9 2022)
Last sale anchor
$2.70M
Sep 9 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
$169 / 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
$46,157
Tax year 2022
Assessed value
$5,506,500
Assessed 2022
Previous assessed
$5,506,500
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$3,459,800
Assessed improvement
$2,046,700
Land market value
$3,459,800
Improvement market value
$2,046,700
Total market value
$5,506,500
Applied tax rate
13.0000
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
1911
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Stories
1
Total area
14,400 SF
Lot
0.17 ac (7,604 SF)
Zoning code
NC3P-75 (M)
APN
600300-0520
UPID
US90-1234941
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC3P-75 (M) · Seattle, WA
Zoning NC3P-75 (M) · permitted uses
NC3P-75 (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
1911
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Stories
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
1509 Broadway 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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 9, 2022
$2,700,000
1509 Broadway LLC
Moelas LLC
Warranty Deed
$1,000,000 · Moustafa Elassiouti
Sep 9, 2022
—
Moelas LLC
Bcd 5 Investments LLC
Re-recorded Document
related
—
Jun 15, 2017
—
Moelas LLC
—
Deed
related
$2,837,000 · Pacific Continental Bank
Dec 21, 2016
—
Moelas LLC
—
Deed
related
$1,130,912 · Pacific Cont'l Bk
Jun 21, 2013
$2,500,000
Moelas LLC
Bcd 5 Investments LLC
Warranty Deed
$1,263,500 · Foundation Bank
Jan 29, 2009
—
Bcd 5 Investments LLC
Regalia,kirk C
Quit Claim Deed
related
—
Jul 24, 2008
—
William A Regalia IV
Regalia William A SR
Quit Claim Deed
related
—
—
—
Moelas LLC
—
Deed Of Trust
related
$1,041,000 · Northwest Busn Dev Assn
—
—
Moelas LLC
—
Loan Modification
related
$1,130,912 · Pacific Cont'l Bk
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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