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Property profile & analytics
OFF-MARKET
Turn key restaurants
15932 8th St Bellevue, WA 98008-3908
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US90-0206004
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1972
Construction
WOOD
Total area
4,549 SF
Lot
0.74 ac (32,185 SF)
Zoning code
CB
APN
262505-9213
UPID
US90-0206004
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
-
Palace Korean Bar & Grill Restaurant
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
Petrisor Crossroads Prop LLC · 14 yrs held
Petrisor Crossroads Prop LLC
since 2012
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
$15,954
Tax year 2022
Assessed value
$2,253,900
Assessed 2022
Previous assessed
$2,253,900
+0.0% YoY
Effective rate
0.71%
On assessed value
Assessed land
$2,252,900
Assessed improvement
$1,000
Land market value
$2,252,900
Improvement market value
$1,000
Total market value
$2,253,900
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1972
Construction
WOOD
Heating
OTHER
Stories
1
Total area
4,549 SF
Lot
0.74 ac (32,185 SF)
Zoning code
CB
APN
262505-9213
UPID
US90-0206004
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
1972
Construction
WOOD
Heating
OTHER
Stories
1
Lot
0.74 ac
Current owner
From public records · entity-resolved
Petrisor Crossroads Prop LLC
Entity
Mailing address
PO BOX 3864, BELLEVUE, WA 98009-3864
Ownership since
2012
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
Jul 23, 2012
—
Petrisor Crossroads Prop LLC
Petrisor,cornell & Rodica
Quit Claim Deed
—
Jun 18, 2009
—
Cornell Petrisor
Twl Associates
Warranty Deed
—
Mar 2, 2004
$3,800,000
Cornell Petrisor
Twi Associates
—
$3,800,000 · Twi Associates
Jan 23, 2003
—
Twl Associates
Chen,tr
Quit Claim Deed
related
—
Jan 17, 2002
—
Chen Trust
Chen,stephen S & Clara L
Quit Claim Deed
related
—
Mar 20, 2001
—
Twl Associates
Ishida,ryuichiro & Hiromi
Grant Deed
related
—
Aug 4, 2000
$277,000
Ryuichiro Ishida
Lake Hills Business Assoc LP
Grant Deed
$1,920,000 · Everett Mutual Savings Bank
—
—
Petrisor Crossroads Prop LLC
—
Deed Of Trust
related
$2,367,125 · Whidbey Island 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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