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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
2150 Northgate Way, Seattle, WA 98133-9007
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US90-3200094
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1998
Construction
WOOD
Total area
1,700 SF
Lot
0.46 ac (19,854 SF)
Zoning code
NC3-75 (M)
APN
446840-0080
UPID
US90-3200094
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
-
Chevron Grocery & Convenience Store
-
Discount Tire Repair Parts General Contractor
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
Northgate Investment LLC · 11 yrs held
Northgate Investment LLC
since 2015
7 recorded transactions
Zoning & alternative use
NC3-75 (M) · 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
$23,301
Tax year 2022
Assessed value
$2,481,700
Assessed 2022
Previous assessed
$2,481,700
+0.0% YoY
Effective rate
0.94%
On assessed value
Assessed land
$2,481,700
Land market value
$2,481,700
Total market value
$2,481,700
Applied tax rate
10.0000
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
CONVENIENCE STORE
Status
Off-Market
Year built
1998
Construction
WOOD
Heating
HEAT PUMP
Buildings
2
Stories
1
Total area
1,700 SF
Lot
0.46 ac (19,854 SF)
Zoning code
NC3-75 (M)
APN
446840-0080
UPID
US90-3200094
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC3-75 (M) · Seattle, WA
Zoning NC3-75 (M) · permitted uses
NC3-75 (M) · 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
1998
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Buildings
2
Lot
0.46 ac
Current owner
From public records · entity-resolved
Northgate Investment LLC
Entity
Mailing address
2150 N NORTHGATE WAY, SEATTLE, WA 98133-9007
Mailing matches property
Yes
Owner-occupied
Yes
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 12, 2025
—
Northgate Investment LLC
—
Deed
related
$970,000 · Pacwest Energy LLC
Mar 4, 2015
$2,500,000
Northgate Investment LLC
Soyam Northgate Prop LLC
Warranty Deed
$1,925,000 · Prime Pacific Bank NA
Feb 26, 2008
$2,650,000
Soyam Northgate Prop LLC
Lakha Investment Co LLC
Grant Deed
$2,324,880 · Sterling Savings Bank
May 1, 1998
—
Lakha Investment Co
Moon,sung M & Deborah K
Grant Deed
$1,500,000 · Washington First Int'l Bank
Oct 1, 1996
$850,000
Sung M Moon
Fenton,colin F Radford Estate
Grant Deed
$600,000 · Asia Europe Americas Bank
—
—
Sung M Moon
—
Deed Of Trust
related
$350,000 · Asia Europe Americas Bank
—
—
Lahka Investment Co LLC
—
Deed Of Trust
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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