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Property profile & analytics
OFF-MARKET
Estimated value
$3,765,000
Turn key restaurants
15323 Westminster N Way Shoreline, WA 98133-6126
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-1284282
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,753 SF
Lot
0.88 ac (38,358 SF)
Zoning code
MB
APN
030650-0030
UPID
US90-1284282
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
$3.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.46M
Blend (final)
Blend
$3.77M
Owner & transaction history
Constant Source Investment Dev Shor · 4 yrs held
Constant Source Investment Dev Shor
since 2022
Last sale
$4.0M
7 recorded transactions
Zoning & alternative use
MB · Shoreline, 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 Shoreline submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shoreline 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
$3,565,000
ML approach
$3,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$4,595,000
Current use
COMMERCIAL (GENERAL)
$4,430,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$3.77M
Range $3.39M – $4.14M · ±10% · vs last sale $4.00M (Jun 30 2022)
Last sale anchor
$4.00M
Jun 30 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
$430 / 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
$21,437
Tax year 2022
Assessed value
$1,651,600
Assessed 2022
Previous assessed
$1,651,600
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$1,342,500
Assessed improvement
$309,100
Land market value
$1,342,500
Improvement market value
$309,100
Total market value
$1,651,600
Applied tax rate
2,263.0000
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
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Total area
8,753 SF
Lot
0.88 ac (38,358 SF)
Zoning code
MB
APN
030650-0030
UPID
US90-1284282
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
MB · Shoreline, WA
Zoning MB · permitted uses
MB · Shoreline, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Shoreline. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$4.6M
COMMERCIAL (GENERAL)
Est. value
$4.4M
RESTAURANT Current
COMMERCIAL (GENERAL)
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
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Lot
0.88 ac
Current owner
From public records · entity-resolved
Constant Source Investment Dev Shor
Entity
Mailing address
7901 AURORA AVE N, SEATTLE, WA 98103-4755
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2022
$4,000,000
Constant Source Investment Dev Shor
Rld Group LLC
Warranty Deed
$2,000,000 · East West Bank
May 17, 2019
—
Rld Group LLC
—
Deed
related
$960,000 · Cathay Bank
May 8, 2019
—
Rld Group LLC
Zhang,ruoxi
Correction Deed
related
—
Apr 27, 2015
—
Rld Group LLC
Zhang Ruoxi
Quit Claim Deed
related
—
May 31, 2013
—
Ruoxi Zhang
Wu,victor
Quit Claim Deed
related
—
Feb 11, 2000
$900,000
Victor Y Wu
Keg Restaurants Us INC
Grant Deed
$585,000 · Towne Bank
—
—
Ruoxi Zhang
—
Deed Of Trust
related
$1,100,000 · Cathay Bank
—
—
Victor Y Wu
—
Deed Of Trust
related
$1,215,000 · Cathay Bank
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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