Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$675,000
Turn key restaurants
16315 State Rte 9th SE 1 Snohomish, WA 98296-8792
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US90-0304797
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2008
Construction
TYPE NOT SPECIFIED
Total area
3,880 SF
Lot
1.24 ac (54,014 SF)
Zoning code
CRC
APN
617300300401
UPID
US90-0304797
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
$535k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$821k
Blend (final)
Blend
$675k
Owner & transaction history
Khans Oil LLC · 10 yrs held
Khans Oil LLC
since 2016
7 recorded transactions
Zoning & alternative use
CRC · Snohomish, 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 Snohomish submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Snohomish 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
by Request
ML approach
$535,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$675k
Range $608k – $743k · ±10%
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
$174 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$27,331
Tax year 2023
Assessed value
$2,634,100
Assessed 2023
Previous assessed
$2,338,100
+12.7% YoY
Effective rate
1.04%
On assessed value
Assessed land
$906,100
Assessed improvement
$1,728,000
Land market value
$906,100
Improvement market value
$1,728,000
Total market value
$2,634,100
Applied tax rate
3,669.0000
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
2008
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
1
Total area
3,880 SF
Lot
1.24 ac (54,014 SF)
Zoning code
CRC
APN
617300300401
UPID
US90-0304797
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CRC · Snohomish, WA
Zoning CRC · permitted uses
CRC · Snohomish, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Snohomish. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2008
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Lot
1.24 ac
Current owner
From public records · entity-resolved
Khans Oil LLC
Entity
Mailing address
16315 STATE RTE 9TH SE, SNOHOMISH, WA 98296-8792
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2024
—
Khans Oil LLC
—
Deed
related
$10,000 · Citizens Bank
Jun 15, 2016
$2,150,000
Khans Oil LLC
Cathcart 9 LLC
Warranty Deed
$1,988,500 · Hana Small Busn Lndg
May 28, 2013
—
Cathcart 9 LLC
Mccallen & Sons INC
Quit Claim Deed
related
$990,000 · Coastal Community Bank
Feb 14, 2008
—
John Warrick
Cathcart Station LLC
Quit Claim Deed
related
$265,000 · First Heritage Bank
Oct 6, 2006
$700,000
Cathcart Station LLC
Cathcart Properties LLC
Warranty Deed
$1,540,000 · First Heritage Bank
Aug 9, 2006
—
County Of Snohomish
Cathcart Properties LLC
Warranty Deed
related
—
Sep 1, 2005
$675,000
Cathcart Properties LLC
Digiovanni Trust
Warranty Deed
$737,500 · City Bank
—
—
Cathcart 9 LLC
—
Loan Modification
related
$1,055,200 · Coastal Cmnty Bk
—
—
Cathcart Properties LLC
—
Deed Of Trust
related
$50,000 · City Bank
—
—
John Warrick
—
Deed Of Trust
related
$2,492,996 · First Heritage 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 16315 State Rte 9th SE, Unit 1?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
