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Property profile & analytics
OFF-MARKET
Estimated value
$4,480,000
Grocery and convenience stores
19805 1st S Ave Normandy Park, WA 98148-2402
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US90-2046692
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2013
Construction
WOOD
Total area
30,054 SF
Lot
2.49 ac (108,413 SF)
Zoning code
NC
APN
611540-0140
UPID
US90-2046692
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
$4.48M
Owner & transaction history
Antinori Dev LLC · 19 yrs held
Antinori Dev LLC
since 2006
5 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
$149 / 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
$88,237
Tax year 2022
Assessed value
$6,952,400
Assessed 2022
Previous assessed
$6,952,400
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$1,707,500
Assessed improvement
$5,244,900
Land market value
$1,707,500
Improvement market value
$5,244,900
Total market value
$6,952,400
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
2013
Construction
WOOD
Heating
CENTRAL
Stories
1
Total area
30,054 SF
Lot
2.49 ac (108,413 SF)
Zoning code
NC
APN
611540-0140
UPID
US90-2046692
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
2013
Construction
WOOD
Heating
CENTRAL
Stories
1
Lot
2.49 ac
Current owner
From public records · entity-resolved
Antinori Dev LLC
Entity
Mailing address
PO BOX 20399, SEATTLE, WA 98102-1399
Ownership since
2006
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
Mar 12, 2008
—
Antinori Dev LLC
—
Grant Deed
related
$6,550,000 · Regal Financial Bank
Aug 29, 2006
$1,875,000
Antinori Dev LLC
Normandy Park Towne Center LLC
Grant Deed
$1,325,000 · Umpqua Bank
Apr 29, 2004
—
Normandy Park Towne Center
—
Deed Of Trust
related
$1,325,000 · Umpqua Bank
Feb 13, 2004
$1,700,000
Normangy Park Towne Center LLC
Hughes,tr
Grant Deed
—
—
—
Washington Associates LLC
—
Deed Of Trust
related
$1,250,000 · Meadow Creek Group LLC
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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