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Property profile & analytics
OFF-MARKET
Drive through restaurants
1600 272nd St, Seattle, WA 98198
Entity Owned
10-yr Hold
Free & Clear
Property ID
US90-2053016
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Construction
WOOD
Total area
573 SF
Lot
0.92 ac (40,281 SF)
Zoning code
C-C
APN
282204-9241
UPID
US90-2053016
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Redondo Square Grf2 LLC · 10 yrs held
Redondo Square Grf2 LLC
since 2015
7 recorded transactions
Zoning & alternative use
C-C · 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
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
$13,062
Tax year 2022
Assessed value
$1,148,500
Assessed 2022
Previous assessed
$1,148,500
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$1,007,000
Assessed improvement
$141,500
Land market value
$1,007,000
Improvement market value
$141,500
Total market value
$1,148,500
Applied tax rate
1,076.0000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Construction
WOOD
Heating
OTHER
Stories
1
Total area
573 SF
Lot
0.92 ac (40,281 SF)
Zoning code
C-C
APN
282204-9241
UPID
US90-2053016
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
C-C · Seattle, WA
Zoning C-C · permitted uses
C-C · 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
Construction
WOOD
Heating
OTHER
Stories
1
Lot
0.92 ac
Current owner
From public records · entity-resolved
Redondo Square Grf2 LLC
Entity
Free & Clear · 10 yrs held
Mailing address
973 LOMAS SANTA FE DR, SOLANA BEACH, CA 92075-2137
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 14, 2023
—
Redondo Prime 1 LLC
—
Deed
related
$19,000,000 · Aetna Life Insurance Co
Nov 25, 2020
—
Redondo Square Grf2 LLC
—
Deed
related
—
Mar 15, 2018
—
Redondo Square Grf2 LLC
—
Grant Deed
related
$200,000,000 · Wells Fargo Bk
Jul 13, 2015
—
Redondo Square Grf2 LLC
Redondo Square Garp LLC
Quit Claim Deed
related
—
May 15, 2014
$24,900,000
Redondo Square Garp LLC
Pnw Redondo Square LLC
Grant Deed
—
—
—
Redondo Square Garp LLC
—
Deed Of Trust
related
$16,250,000 · Aetna Health & Life Ins Co
—
—
Redondo Square Grf2 LLC
—
Loan Modification
related
—
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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