Property profile

1531 Melrose Ave Seattle, WA 98122

OFF-MARKET
Turn key restaurants
Property ID
US90-1393942
11,000 SF 0.29 ac lot Built 1912
Entity Owned 7-yr Hold Free & Clear
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1912
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 11,000 SF
Lot 0.29 ac (12,538 SF)
Zoning code NC3P-95 (M)
APN 066000-2760
UPID US90-1393942

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Take-out & Catering Butcher
  • Marketing & Advertising Event Planning
  • Bar & Pub
  • Restaurant
  • (Bike/Boat/Book/etc) Store

Location

1531 Melrose Ave Seattle, WA 98122-3762
Seattle metro Census 8402 SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.24M

Owner & transaction history

since 2019
7 recorded transactions
2019
$15.5M
2019
$307,825
2017
$181,510
2016
$134,785
2008
$3.0M
2008
$3.8M
1992
Price N/A

Zoning & alternative use

NC3P-95 (M) · Seattle, WA
Zoning description

The intent of this district is to promote neighborhood commercial activities to support or encourage a pedestrian-oriented shopping district that serves the surrounding neighborhood and a larger community, citywide, or r…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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