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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Bars & Pubs
17618 Vashon SW Hwy Vashon, WA 98070-4682
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-1631585
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1924
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,576 SF
Lot
0.17 ac (7,440 SF)
Zoning code
CBPSO
APN
322303-9019
UPID
US90-1631585
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
-
Pop Pop Bottle Shop Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$650k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$414k
Blend (final)
Blend
$645k
Owner & transaction history
Pop Pop Investments LLC · 5 yrs held
Pop Pop Investments LLC
since 2021
Last sale
$630,000
7 recorded transactions
Zoning & alternative use
CBPSO · Vashon, 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 Vashon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Vashon 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
$680,000
ML approach
$650,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$645k
Range $581k – $710k · ±10% · vs last sale $630k (Jul 15 2021)
Last sale anchor
$630k
Jul 15 2021
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
$116 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$10,955
Tax year 2022
Assessed value
$1,100,300
Assessed 2022
Previous assessed
$1,100,300
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$193,400
Assessed improvement
$906,900
Land market value
$193,400
Improvement market value
$906,900
Total market value
$1,100,300
Applied tax rate
4,060.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1924
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Total area
5,576 SF
Lot
0.17 ac (7,440 SF)
Zoning code
CBPSO
APN
322303-9019
UPID
US90-1631585
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CBPSO · Vashon, WA
Zoning CBPSO · permitted uses
CBPSO · Vashon, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Vashon. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1924
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Pop Pop Investments LLC
Entity
Mailing address
16617 115TH AVE SW, VASHON, WA 98070-4147
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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 15, 2021
$630,000
Pop Pop Investments LLC
Vashon Investments INC
Warranty Deed
$967,800 · Meadows Bank
Feb 20, 2008
—
Vashon Investment INC
Gunder,ruth A
Grant Deed
related
—
Jan 22, 2008
$1,050,000
Vashon Investments INC
Ruth A Gunder
Warranty Deed
$1,135,000 · Pacific International Bank
Jul 26, 2005
$675,000
Ruth A Gunder
Lofland,leonard & Janet
Warranty Deed
$505,000 · Mt Rainier National Bank
Jul 26, 2005
—
Robert L Gunder
Gunder,janelle S
Quit Claim Deed
related
—
Aug 27, 2004
$247,256
Leonard Lofland
Bergman,matthew P & Rebecca
Grant Deed
$450,000 · Viking Community Bank
Aug 27, 2004
—
Leonard Lofland
17618 Vashon Highway Props LLC
Quit Claim Deed
related
—
Jul 1, 2002
$439,000
17618 Vashon Highway Propertie
Carol P Bishop Estate
Grant Deed
$200,000 · Wayne E Bishop
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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