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Property profile & analytics
OFF-MARKET
Turn key restaurants
212 3rd St, Renton, WA 98057-2029
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-3342606
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1936
Construction
WOOD
Total area
3,828 SF
Lot
0.12 ac (5,280 SF)
Zoning code
CA
APN
000720-0115
UPID
US90-3342606
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
Belmuna R & E Holdings LLC · 9 yrs held
Belmuna R & E Holdings LLC
since 2017
7 recorded transactions
Zoning & alternative use
CA · Renton, 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 Renton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Renton 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
$6,264
Tax year 2022
Assessed value
$602,500
Assessed 2022
Previous assessed
$602,500
+0.0% YoY
Effective rate
1.04%
On assessed value
Assessed land
$228,300
Assessed improvement
$374,200
Land market value
$228,300
Improvement market value
$374,200
Total market value
$602,500
Applied tax rate
2,100.0000
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
1936
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
WALL UNIT
Stories
2
Total area
3,828 SF
Lot
0.12 ac (5,280 SF)
Zoning code
CA
APN
000720-0115
UPID
US90-3342606
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CA · Renton, WA
Zoning CA · permitted uses
CA · Renton, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Renton. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1936
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
2
Lot
0.12 ac
Current owner
From public records · entity-resolved
Belmuna R & E Holdings LLC
Entity
Mailing address
7923 S 115TH PL, SEATTLE, WA 98178-3835
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 12, 2017
$400,000
Belmuna R & E Holdings LLC
Washington Fedl
Grant Deed
related
$300,000 · Richard A & Evelyn L Gumpert
Jul 5, 2012
$388,630
Fedl Washington
Bishop White Marshall & W
Trustees Deed
related
—
Feb 27, 2008
—
Solo Noi LLC
Corbett,richard
Quit Claim Deed
related
—
Oct 30, 2006
—
Salvatore Lembo
Lembo,kimberly E
Quit Claim Deed
related
—
Oct 30, 2006
$750,000
Rick Corbett
Sens Corp
Warranty Deed
—
Apr 22, 2003
—
King County (wa)
Sens,gene P & Huong T
Quit Claim Deed
related
—
—
—
Seng Corp
—
Deed Of Trust
related
$170,000 · Frontier Bank
—
—
Gene P Sens
—
Deed Of Trust
related
$225,000 · Towne Bank
—
—
Solo Noi LLC
—
Deed Of Trust
related
$337,500 · First Mutual Bank
—
—
Solo Noi LLC
—
Deed Of Trust
related
$270,000 · First Mutual Bank
—
—
Belmuna R & E Holdings LLC
—
Deed Of Trust
related
$300,000 · Hana Small Busn Lndg
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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