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Property profile & analytics
OFF-MARKET
Estimated value
$1,675,000
Turn key restaurants
201 1st S Ave, Seattle, WA 98104-2503
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-0184681
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
25,450 SF
Lot
0.15 ac (6,660 SF)
Zoning code
PSM-100
APN
524780-0130
UPID
US90-0184681
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
$1.92M
Blend (final)
Blend
$1.68M
Owner & transaction history
Harbor Lane LLC · 1 yrs held
Harbor Lane LLC
since 2025
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
PSM-100 · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.68M
Range $1.51M – $1.84M · ±10% · vs last sale $1.55M (Oct 22 2024)
Last sale anchor
$1.55M
Oct 22 2024
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
$66 / 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
$30,440
Tax year 2022
Assessed value
$3,592,600
Assessed 2022
Previous assessed
$3,592,600
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$2,763,900
Assessed improvement
$828,700
Land market value
$2,763,900
Improvement market value
$828,700
Total market value
$3,592,600
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
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Stories
3
Total area
25,450 SF
Lot
0.15 ac (6,660 SF)
Zoning code
PSM-100
APN
524780-0130
UPID
US90-0184681
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
PSM-100 · Seattle, WA
Zoning PSM-100 · permitted uses
PSM-100 · 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
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Stories
3
Lot
0.15 ac
Current owner
From public records · entity-resolved
Harbor Lane LLC
Entity
Mailing address
201 1ST AVE S, SEATTLE, WA 98104-2503
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 22, 2025
$1,550,000
Harbor Lane LLC
Avenue Owner LLC
Bargain & Sale Deed
—
Oct 14, 2019
—
Iborrow 201 1st Ave Owner LLC
J & M Capital Group LLC
Grant Deed
—
May 19, 2017
—
J & M Capital Group LLC
—
Deed
related
$5,100,000 · Iborrow Fin Loan Fund I LP
Nov 26, 2014
$3,235,000
J&m Capital Group LLC
Resource Transition Consultants LLC
Special Warranty Deed
$2,500,000 · Crescent Capital Xxiii LLC
Nov 26, 1990
$186,000
Jacob G Buttnick
Kaplan,meta R Bu
Grant Deed
$186,000 · Seller
—
—
Jacob G Buttnick
—
Deed Of Trust
related
$18,445 · Siderius Lonergan & Martin LLP
—
—
Jacob G Buttnick
—
Deed Of Trust
related
$46,912 · Barrett Gilman & Ziker
—
—
J & M Capital Group LLC
—
Loan Modification
related
$3,500,000 · Crescent Capital Xxiii LLC
—
—
Jacob J Buttnick
—
Deed Of Trust
related
$35,161 · Jack A Ginsberg PLLC
—
—
Jacob G Buttnick
—
Deed Of Trust
related
$975,000 · Pacific Coast Investment Co
—
—
Jacob G Buttnick
—
Deed Of Trust
related
$126,600 · Bel Air & Briney
—
—
Jacob G Buttnick
—
Deed Of Trust
related
$336,600 · Us Small Business Admn
—
—
Jacob G Buttnick
—
Deed Of Trust
related
$1,154,024 · City Bank
—
—
J & M Capital Group LLC
—
Deed Of Trust
related
$5,100,000 · Iborrow Fin Loan Fund I LP
—
—
Jacob G Buttnick
—
Deed Of Trust
related
$93,500 · Bel Air & Briney
—
—
Jacob G Buttnick
—
Deed Of Trust
related
$50,000 · Rachel K Briney
—
—
Jacob G Buttnick
—
Deed Of Trust
related
$50,000 · Individual
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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