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Property profile & analytics
OFF-MARKET
Drive through restaurants
1960 148th NE Ave Bellevue, WA 98007
Entity Owned
11-yr Hold
Free & Clear
Property ID
US90-0992502
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1994
Construction
WOOD
Total area
2,576 SF
Lot
0.73 ac (32,000 SF)
Zoning code
OV3
APN
262505-9031
UPID
US90-0992502
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
Callaghan Investments LLC · 11 yrs held
Callaghan Investments LLC
since 2015
6 recorded transactions
Zoning & alternative use
OV3 · Bellevue, 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 Bellevue submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bellevue 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
$16,120
Tax year 2022
Assessed value
$2,241,000
Assessed 2022
Previous assessed
$2,241,000
+0.0% YoY
Effective rate
0.72%
On assessed value
Assessed land
$2,240,000
Assessed improvement
$1,000
Land market value
$2,240,000
Improvement market value
$1,000
Total market value
$2,241,000
Applied tax rate
2,010.0000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1994
Construction
WOOD
Heating
FORCED AIR
Stories
1
Total area
2,576 SF
Lot
0.73 ac (32,000 SF)
Zoning code
OV3
APN
262505-9031
UPID
US90-0992502
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
OV3 · Bellevue, WAZoning OV3 · permitted uses
OV3 · Bellevue, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1994
Construction
WOOD
Heating
FORCED AIR
Stories
1
Lot
0.73 ac
Current owner
From public records · entity-resolved
Callaghan Investments LLC
Entity
Free & Clear · 11 yrs held
Mailing address
7414 E MERCER WAY, MERCER ISLAND, WA 98040-5819
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 14, 2015
—
Callaghan Investments LLC
Orem James D
Quit Claim Deed
related
—
Jun 22, 2015
—
James D Orem
Nwr Realty LLC
Quit Claim Deed
related
—
Mar 23, 2010
$1,441,172
Nwr Realty LLC
Taco Bell Of America INC
Warranty Deed
—
Dec 27, 1999
—
Taco Bell Of American INC
Taco Bell Corp
Quit Claim Deed
related
—
Mar 31, 1994
$800,000
Taco Bell Corporation
Bp Exploration &
Grant Deed
—
Apr 15, 1992
$755,000
Bp Exploration & Oil INC
Exxon Corporatio
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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