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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Turn key restaurants
1904 201st SE Pl Bothell, WA 98012-8561
Entity Owned
15-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0516969
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2007
Construction
WOOD
Total area
5,096 SF
Lot
0.68 ac (29,621 SF)
Zoning code
SK
APN
27052000203700
UPID
US90-0516969
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
-
Original Pancake House Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$435k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$679k
Blend (final)
Blend
$560k
Owner & transaction history
Ken Naito Holding Co LLC · 15 yrs held
Ken Naito Holding Co LLC
since 2011
7 recorded transactions
Zoning & alternative use
SK · Bothell, 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 Bothell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bothell 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
$435,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$560k
Range $504k – $616k · ±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
$110 / 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
$16,958
Tax year 2023
Assessed value
$2,103,500
Assessed 2023
Previous assessed
$1,872,500
+12.3% YoY
Effective rate
0.81%
On assessed value
Assessed land
$1,090,400
Assessed improvement
$1,013,100
Land market value
$1,090,400
Improvement market value
$1,013,100
Total market value
$2,103,500
Applied tax rate
4,129.0000
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
2007
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
1
Total area
5,096 SF
Lot
0.68 ac (29,621 SF)
Zoning code
SK
APN
27052000203700
UPID
US90-0516969
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
SK · Bothell, WA
Zoning SK · permitted uses
SK · Bothell, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bothell. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2007
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.68 ac
Current owner
From public records · entity-resolved
Ken Naito Holding Co LLC
Entity
Mailing address
3115 SW NEBRASKA ST, PORTLAND, OR 97239-1058
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 14, 2011
$1,337,971
Ken Naito Holding Co LLC
Skagit St Bk
Grant Deed
$1,667,383 · Skagit State Bank
Feb 23, 2010
$1,600,000
Skagit St. Bk
Cammock Craig E
Trustees Deed
related
—
Jan 26, 2007
—
Synthesis Interests Zocalo LLC
Weinstein,michael
Quit Claim Deed
related
$4,500,000 · Banner Bank
Dec 27, 2006
—
Michael Weinstein
Kamaki LLC
Quit Claim Deed
related
—
Jul 25, 2006
$1,100,000
Kamaki LLC
Weinstein,michael
Warranty Deed
$2,300,000 · Skagit State Bank
Oct 21, 2005
$877,556
Estancia Condominium LLC
Weinstein,michael
Warranty Deed
—
Oct 21, 2005
$2,734,200
Gmp Homes Zocalo LLC
Weinstein,michael
Warranty Deed
$3,854,852 · Frontier Bank
Oct 21, 2005
$6,650,000
Michael Weinstein
Western Wa Corp Of Seventh-day Ad
Grant Deed
—
—
—
Ken Naito Holding Co LLC
—
Deed Of Trust
related
$926,324 · Skagit State Bank
—
—
Kamaki LLC
—
Deed Of Trust
related
$200,000 · Skagit State Bank
—
—
Kamaki LLC
—
Deed Of Trust
related
$1,051,000 · Northwest Busn Dev Assn
—
—
Kamaki LLC
—
Deed Of Trust
related
$1,479,270 · Skagit State Bank
—
—
Ken Naito Holding Co LLC
—
Deed Of Trust
related
$749,000 · Northwest Busn Dev Assn
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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