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Property profile & analytics
OFF-MARKET
Turn key restaurants
1914 8th Ave, Seattle, WA 98101-1210
Entity Owned
5-yr Hold
Free & Clear
Property ID
US90-3355663
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1948
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,000 SF
Lot
0.16 ac (7,078 SF)
Zoning code
DOC2 500/300-550
APN
066000-0635
UPID
US90-3355663
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Hudson 1918 Eighth Avenue LLC · 5 yrs held
Hudson 1918 Eighth Avenue LLC
since 2020
Last sale
$588.7M
7 recorded transactions
Zoning & alternative use
DOC2 500/300-550 · Seattle, 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 Seattle submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Seattle 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
—
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
$84,676
Tax year 2022
Assessed value
$10,263,100
Assessed 2022
Previous assessed
$10,263,100
+0.0% YoY
Effective rate
0.83%
On assessed value
Assessed land
$10,263,100
Land market value
$10,263,100
Total market value
$10,263,100
Applied tax rate
11.0000
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
1948
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Stories
1
Total area
2,000 SF
Lot
0.16 ac (7,078 SF)
Zoning code
DOC2 500/300-550
APN
066000-0635
UPID
US90-3355663
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
DOC2 500/300-550 · Seattle, WA
Zoning DOC2 500/300-550 · permitted uses
DOC2 500/300-550 · Seattle, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Seattle. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1948
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Stories
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Hudson 1918 Eighth Avenue LLC
Entity
Free & Clear · 5 yrs held
Mailing address
11601 WILSHIRE BLVD FL, LOS ANGELES, CA 90025-0509
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 22, 2025
—
Hudson 1918 Eighth Avenue LLC
—
Deed
related
$285,000,000 · Wells Fargo Bank NA
Dec 21, 2020
$588,714,528
Hudson 1918 Eighth Avenue LLC
1918 Eighth Avenue Holdco LLC
Bargain And Sale Deed
—
Dec 19, 2018
—
1918 Eighth Avenue Holdco LLC
1918 Eighth Ave Acquisition Ll
Quit Claim Deed
related
$800,000,000 · Miscellaneous Ins Co
Aug 10, 2011
$350,108,054
1918 Eighth Avenue Acquisition
1918 Eighth LLC
Grant Deed
—
Jun 13, 2008
—
1918 Eighth LLC
S/i Seattle Investments I LLC
Grant Deed
$220,000,000 · Bank Of America
Aug 23, 2007
$8,411,000
S/i Seattle Investments I LLC
Watermark Credit Union
Grant Deed
—
Jul 8, 2005
$4,500,000
Watermark Cu
George,mary
Warranty Deed
—
Apr 27, 1999
$100,000
Gus Couroues
Corounes,marco
Grant Deed
—
Feb 7, 1990
—
George,mary
Cheredes,carrie(
Grant Deed
related
—
—
—
1918 Eighth Ave Acquisition Ll
—
Loan Modification
related
$800,000,000 · Miscellaneous Ins Co
—
—
Marco Courounes
—
Deed Of Trust
related
$303,715 · Columbia State Bank
—
—
1918 Eighth Ave Acquisition Ll
—
Loan Modification
related
$170,300,000 · Miscellaneous Ins Co
—
—
1918 Eighth Avenue Acquisition
—
Deed Of Trust
related
$800,000,000 · Teachers Insurance & Annuity
—
—
1918 Eighth Avenue Acquisition
—
Deed Of Trust
related
$800,000,000 · Teachers Insurance & Annuity
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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