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Property profile & analytics
OFF-MARKET
Estimated value
$3,355,000
Grocery and convenience stores
18032 1st S Ave Burien, WA 98148-1820
Entity Owned
2-yr Hold
Free & Clear
Property ID
US90-1507132
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1998
Construction
STEEL FRAME
Total area
1,069 SF
Lot
0.4 ac (17,500 SF)
Zoning code
CC-1
APN
322304-9174
UPID
US90-1507132
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
$3.23M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.53M
Blend (final)
Blend
$3.36M
Owner & transaction history
Ck Designs LP · 2 yrs held
Ck Designs LP
since 2023
Last sale
$3.5M
5 recorded transactions
Zoning & alternative use
CC-1 · Burien, WA
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 Burien submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Burien 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
$3,290,000
ML approach
$3,225,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.36M
Range $3.02M – $3.69M · ±10% · vs last sale $3.45M (Nov 17 2023)
Last sale anchor
$3.45M
Nov 17 2023
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
$3,138 / 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
$18,766
Tax year 2022
Assessed value
$1,647,700
Assessed 2022
Previous assessed
$1,647,700
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$323,700
Assessed improvement
$1,324,000
Land market value
$323,700
Improvement market value
$1,324,000
Total market value
$1,647,700
Applied tax rate
941.0000
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
1998
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
1
Total area
1,069 SF
Lot
0.4 ac (17,500 SF)
Zoning code
CC-1
APN
322304-9174
UPID
US90-1507132
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CC-1 · Burien, WAZoning CC-1 · permitted uses
CC-1 · Burien, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Burien Municipal Code
Building & site characteristics
From public records
Year built
1998
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
1
Lot
0.4 ac
Current owner
From public records · entity-resolved
Ck Designs LP
Entity
Free & Clear · 2 yrs held
Mailing address
2955 RED ARROW DR, LAS VEGAS, NV 89135-1623
Ownership since
2023
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 17, 2023
—
Ck Designs LP
Sdb 11 LLC
Deed
—
Nov 17, 2023
$3,450,000
Sdb 11 LLC
Ck Designs LP
Warranty Deed
—
Dec 29, 2021
$3,850,000
Ck Designs LP
Roush Family Holdings INC
Warranty Deed
$3,080,000 · First Credit Bank
Dec 21, 2021
—
Roush Family Holdings INC
Wayne E Roush
Correction Deed
related
—
Nov 2, 2020
—
Roush Family Holdings INC
Wayne Roush
Quit Claim Deed
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.
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