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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
1608 145th SE Pl Bellevue, WA 98007-6017
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US90-0992612
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1965
Construction
STEEL FRAME
Total area
1,500 SF
Lot
0.39 ac (17,100 SF)
Zoning code
NB
APN
883890-0277
UPID
US90-0992612
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
-
Shell Grocery & Convenience Store
-
ATM Atm
-
Coinsource Bitcoin ATM Atm
-
Mega Roofing Services - Re Roof - New Roof – Roofer Roofing Company General Contractor
-
Y16 Roofing-Service-Roof-Replacement-INC Roofing Company General Contractor
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
Agabi III INC · 17 yrs held
Agabi III INC
since 2009
5 recorded transactions
Zoning & alternative use
NB · Bellevue, 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 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
$8,431
Tax year 2022
Assessed value
$1,189,900
Assessed 2022
Previous assessed
$1,189,900
+0.0% YoY
Effective rate
0.71%
On assessed value
Assessed land
$684,000
Assessed improvement
$505,900
Land market value
$684,000
Improvement market value
$505,900
Total market value
$1,189,900
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1965
Construction
STEEL FRAME
Heating
GAS
Cooling
AC.PACKAGE
Stories
1
Total area
1,500 SF
Lot
0.39 ac (17,100 SF)
Zoning code
NB
APN
883890-0277
UPID
US90-0992612
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NB · Bellevue, WA
Zoning NB · permitted uses
NB · Bellevue, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bellevue. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1965
Construction
STEEL FRAME
Heating
GAS
Cooling
Yes
Stories
1
Lot
0.39 ac
Current owner
From public records · entity-resolved
Agabi III INC
Entity
Mailing address
1409 54TH AVE E STE A, FIFE, WA 98424-1200
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 3, 2022
—
Agabi III INC
—
Deed
related
$826,000 · Coastal Community Bank
Mar 8, 2013
—
Agabi INC
—
Deed Of Trust
related
$10,410,908 · American West Bank
Jul 11, 2012
—
Agabi INC
—
Deed Of Trust
related
$9,910,908 · American West Bank
May 5, 2009
$855,000
Agabi III INC
Equilon Ents LLC
Grant Deed
$760,000 · Sound Community Bank
Oct 6, 1989
$437,500
Texaco INC-tax Department
Gull Industries
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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