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Property profile & analytics
OFF-MARKET
Turn key restaurants
223 Olympic Ave Arlington, WA 98223-1336
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US90-0306663
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1964
Construction
WOOD
Total area
3,888 SF
Lot
0.09 ac (3,920 SF)
Zoning code
OTBD - 1
APN
378800101601
UPID
US90-0306663
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
Stilly Diner Property LLC · 7 yrs held
Stilly Diner Property LLC
since 2019
7 recorded transactions
Zoning & alternative use
OTBD - 1 · Arlington, 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 Arlington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Arlington 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 2023Property tax & assessments
Tax year 2023
Tax billed
$3,237
Tax year 2023
Assessed value
$418,300
Assessed 2023
Previous assessed
$354,200
+18.1% YoY
Effective rate
0.77%
On assessed value
Assessed land
$177,700
Assessed improvement
$240,600
Land market value
$177,700
Improvement market value
$240,600
Total market value
$418,300
Applied tax rate
110.0000
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
1964
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
2
Bathrooms
1
Total area
3,888 SF
Lot
0.09 ac (3,920 SF)
Zoning code
OTBD - 1
APN
378800101601
UPID
US90-0306663
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
OTBD - 1 · Arlington, WA
Zoning OTBD - 1 · permitted uses
OTBD - 1 · Arlington, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Arlington. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1964
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Bathrooms
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
Stilly Diner Property LLC
Entity
Mailing address
223 N OLYMPIC AVE, ARLINGTON, WA 98223-1336
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
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
Nov 27, 2023
—
Stilly Diner Property LLC
—
Deed
related
$130,000 · Coastal Community Bank
Mar 30, 2022
—
Stilly Diner Property LLC
—
Deed
related
$300,000 · Coastal Community Bank
Mar 15, 2019
$350,000
Stilly Diner Property LLC
Kent & Barbara LLC
Warranty Deed
$350,000 · Chaplin Funding LLC
Mar 17, 2015
$246,460
Kent & Barbara LLC
Union Bk NA
Grant Deed
—
Mar 26, 2014
$311,550
Bk NA Union
Shea Elizabeth H
Trustees Deed
related
—
Sep 24, 2009
—
Robyn Bruch
Broosters R & C LLC
Quit Claim Deed
related
—
Apr 22, 2009
—
Broosters R & C LLC
Bruch,robyn
Quit Claim Deed
related
—
Sep 26, 2000
—
Bruce Bruch
Frontier Bank
Quit Claim Deed
related
—
May 31, 2000
$250,004
Bruce Bruch
Mumm Trust
Grant Deed
$219,000 · World Savings Bank
—
—
Bruce H Bruch
—
Deed Of Trust
related
$270,022 · Frontier Bank
—
—
Bruce H Bruch
—
Deed Of Trust
related
$303,350 · Frontier 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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