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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
15615 8th St Bellevue, WA 98008-3901
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US90-0921494
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1968
Construction
STEEL FRAME
Total area
2,100 SF
Lot
0.45 ac (19,800 SF)
Zoning code
CB
APN
352505-9016
UPID
US90-0921494
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
-
76 Gas Station
-
Cardtronics ATM Atm
-
CoinFlip Bitcoin ATM Atm Bank
-
El Maestro del Taco 2 Restaurant
-
Rocket Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Baskets Unlimited Holding LLC · 9 yrs held
Baskets Unlimited Holding LLC
since 2017
7 recorded transactions
Zoning & alternative use
CB · Bellevue, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Community Business Districts serve community markets and provide areas for the location of services and retail outlets, other than Downtown.
Zone name
Community Business
General category
COMMERCIAL
Zone area
251.46 ac
Source
Realmo
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 Bellevue submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bellevue 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$11,814
Tax year 2022
Assessed value
$1,668,400
Assessed 2022
Previous assessed
$1,668,400
+0.0% YoY
Effective rate
0.71%
On assessed value
Assessed land
$1,188,000
Assessed improvement
$480,400
Land market value
$1,188,000
Improvement market value
$480,400
Total market value
$1,668,400
Applied tax rate
330.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1968
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
1
Total area
2,100 SF
Lot
0.45 ac (19,800 SF)
Zoning code
CB
APN
352505-9016
UPID
US90-0921494
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CB · Bellevue, WAZoning CB · permitted uses
CB · Bellevue, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Community Business Districts serve community markets and provide areas for the location of services and retail outlets, other than Downtown.
Zone name
Community Business
General category
COMMERCIAL
Zone area
251.46 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1968
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
1
Lot
0.45 ac
Current owner
From public records · entity-resolved
Baskets Unlimited Holding LLC
Entity
Mailing address
11950 SAN VICENTE BLVD STE #200, LOS ANGELES, CA 90049-5013
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2020
—
Baskets Unlimited Holding LLC
—
Deed
related
$15,500 · Zb NA
Jan 11, 2017
—
Baskets Unlimited Holding LLC
Cf United Propco LLC
Bargain And Sale Deed
$16,880 · Wells Fargo Bank NA
Dec 29, 2016
—
Cf United Propco LLC
—
Deed
related
$92,603,000 · Wells Fargo Bk
Jul 29, 2015
$1,695,300
Cf United Propco LLC
Convenience Retailers LLC
Bargain And Sale Deed
$115,000,000 · Wells Fargo Bank NA
Feb 12, 2008
—
Convenience Retailers LLC
Kayo Oil
Warranty Deed
—
Jan 20, 2004
—
Kayo Oil Co
Conocophillips Co
Grant Deed
related
—
—
—
Apro LLC
—
Deed Of Trust
related
—
—
—
Convenience Retailers LLC
—
Deed Of Trust
related
—
—
—
Convenience Retailers LLC
—
Loan Modification
related
—
—
—
Convenience Retailers LLC
—
Deed Of Trust
related
—
—
—
Apro LLC
—
Deed Of Trust
related
—
—
—
Apro LLC
—
Deed Of Trust
related
—
—
—
Cf United Propco LLC
—
Loan Modification
related
$92,603,000 · Wells Fargo 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.
Try Rey
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