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Property profile & analytics
OFF-MARKET
Turn key restaurants
219 1st St Langley, WA 98260
Individually Owned
12-yr Hold
Free & Clear
Property ID
US90-0941444
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1936
Total area
5,094 SF
Lot
0.07 ac (3,119 SF)
Zoning code
LG
APN
S7345-00-12005-0
UPID
US90-0941444
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
Karen Allen · 12 yrs held
Karen Allen
since 2014
7 recorded transactions
Zoning & alternative use
LG · Langley, 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 Langley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Langley 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
Property tax & assessments
Assessed value
$495,405
Assessed 2023
Previous assessed
$514,507
-3.7% YoY
Assessed land
$389,863
Assessed improvement
$105,542
Land market value
$389,863
Improvement market value
$105,542
Total market value
$495,405
Applied tax rate
700.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Heating
ELECTRIC
Stories
2
Rooms
1
Total area
5,094 SF
Lot
0.07 ac (3,119 SF)
Zoning code
LG
APN
S7345-00-12005-0
UPID
US90-0941444
Jurisdiction
ISLAND
Zoning & alternative use
LG · Langley, WA
Zoning LG · permitted uses
LG · Langley, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Langley. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1936
Heating
ELECTRIC
Stories
2
Rooms
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
Karen Allen
Individual
Free & Clear · 12 yrs held
Mailing address
PO BOX 6337, WHITTIER, CA 90609-6337
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 18, 2014
$250,000
Karen Allen
Whidbey Island Bk
Grant Deed
—
May 8, 2012
$565,865
Whidbey Island Bk
Bohannon Michael D
Trustees Deed
related
—
Dec 29, 2008
—
Michael J Rosenberg
Rosenberg,pauline B
Quit Claim Deed
related
—
Apr 27, 2006
—
Michael J Rosenberg
Rosenberg M & M Livi Trust
Quit Claim Deed
related
—
Nov 28, 2005
—
Rosenberg Pauline B Trust
Rosenberg,pauline B
Quit Claim Deed
related
—
Nov 16, 2004
—
Michael J Rosenberg
Rosenberg Michael & M Trust
Quit Claim Deed
related
—
—
—
Michael J Rosenberg
—
Deed Of Trust
related
$10,000 · Whidbey Island Bank
—
—
Michael J Rosenberg
—
Deed Of Trust
related
$550,000 · Whidbey Island Bank
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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