Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$5,020,000
Grocery and convenience stores
17847 1st S Ave Normandy Park, WA 98148-1728
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US90-1384899
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
31,372 SF
Lot
3.36 ac (146,274 SF)
Zoning code
NC
APN
312304-9091
UPID
US90-1384899
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.02M
Owner & transaction history
Top Flight Investments LLC · 11 yrs held
Top Flight Investments LLC
since 2014
7 recorded transactions
Zoning & alternative use
NC · Normandy Park, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the NC zone is to combine shopping, business, and personal service activities into cohesive neighborhood focal points that promote pedestrian usage As secondary uses, professional offices and multiple family residential uses are encouraged to add vitality to the neighborhood centers
Zone name
Neighborhood Center
General category
COMMERCIAL
Zone area
23.76 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 Normandy Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Normandy Park 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
$160 / 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
$107,905
Tax year 2022
Assessed value
$8,127,100
Assessed 2022
Previous assessed
$8,127,100
+0.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$2,340,300
Assessed improvement
$5,786,800
Land market value
$2,340,300
Improvement market value
$5,786,800
Total market value
$8,127,100
Applied tax rate
1,898.0000
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
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Buildings
3
Stories
1
Total area
31,372 SF
Lot
3.36 ac (146,274 SF)
Zoning code
NC
APN
312304-9091
UPID
US90-1384899
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC · Normandy Park, WAZoning NC · permitted uses
NC · Normandy Park, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the NC zone is to combine shopping, business, and personal service activities into cohesive neighborhood focal points that promote pedestrian usage As secondary uses, professional offices and multiple family residential uses are encouraged to add vitality to the neighborhood centers
Zone name
Neighborhood Center
General category
COMMERCIAL
Zone area
23.76 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Stories
1
Buildings
3
Lot
3.36 ac
Current owner
From public records · entity-resolved
Top Flight Investments LLC
Entity
Mailing address
9529 111TH AVE NE, KIRKLAND, WA 98033-5194
Ownership since
2014
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
Sep 26, 2018
—
Top Flight Investments LLC
—
Grant Deed
related
$7,700,000 · Miscellaneous Ins Co
Aug 15, 2014
—
Top Flight Investments LLC
Manhattan Plaza LLC
Quit Claim Deed
related
$7,500,000 · Symetra Life Insurance Co
Jun 14, 2004
—
Manhattan Plaza LLC
—
Deed Of Trust
related
$6,000,000 · Thrivent Financial For Luthera
Oct 26, 1999
$3,763,500
Manhattan Plaza LLC
Jensen Trust
Grant Deed
$2,740,000 · First Mutual Savings Bank
—
—
Manhattan Plaza LLC
—
Deed Of Trust
related
$1,100,000 · First Mutual Bank
—
—
Manhattan Plaza LLC
—
Deed Of Trust
related
$250,000 · First Mutual Bank
—
—
Manhattan Plaza LLC
—
Deed Of Trust
related
$400,000 · Frontier 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 17847 1st S Ave?
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.
