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Property profile & analytics
OFF-MARKET
Estimated value
$1,990,000
Turn key restaurants
2233 State Rte 530th NE Arlington, WA 98223-9020
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-0354766
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1970
Construction
TYPE NOT SPECIFIED
Total area
1,971 SF
Lot
0.57 ac (24,829 SF)
Zoning code
RFS
APN
31050800200800
UPID
US90-0354766
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
$2.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.64M
Blend (final)
Blend
$1.99M
Owner & transaction history
Kirat Investment LLC · 1 yrs held
Kirat Investment LLC
since 2025
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
RFS · 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
Method
Estimation
Statistic approach
$2,005,000
ML approach
$2,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.99M
Range $1.79M – $2.19M · ±10% · vs last sale $1.98M (Nov 24 2024)
Last sale anchor
$1.98M
Nov 24 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
$1,010 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$13,356
Tax year 2023
Assessed value
$1,709,000
Assessed 2023
Previous assessed
$1,526,000
+12.0% YoY
Effective rate
0.78%
On assessed value
Assessed land
$453,900
Assessed improvement
$1,255,100
Land market value
$453,900
Improvement market value
$1,255,100
Total market value
$1,709,000
Applied tax rate
124.0000
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
1970
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
1
Total area
1,971 SF
Lot
0.57 ac (24,829 SF)
Zoning code
RFS
APN
31050800200800
UPID
US90-0354766
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
RFS · Arlington, WA
Zoning RFS · permitted uses
RFS · 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
1970
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Lot
0.57 ac
Current owner
From public records · entity-resolved
Kirat Investment LLC
Entity
Mailing address
2233 STATE RTE 530TH NE, ARLINGTON, WA 98223-9020
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 15, 2025
—
Kirat Investment LLC
—
Deed
related
$660,000 · Sm Heritage INC
Feb 24, 2025
$1,975,000
Kirat Investment LLC
Vishnu Vamana LLC
Warranty Deed
$1,625,000 · Bbcn Bank
Jun 22, 2021
$1,725,000
Vishnu Vamana LLC
Bir Singh Enterprises INC
Warranty Deed
$1,375,000 · Unibank
Apr 16, 2015
$1,149,129
Bir Singh Enterprises INC
Chul Hyun Kim
Warranty Deed
$1,205,500 · Coastal Community Bank
Apr 26, 2005
$835,080
Chul H Kim
A & D Investments INC
Warranty Deed
$1,237,500 · North County Bank
Feb 26, 2002
$750,000
A & D Developments INC
Synergy Investments INC
Grant Deed
$880,000 · North County Bank
—
—
A & D Investments INC
—
Deed Of Trust
related
$1,580,000 · North County Bank
—
—
Chul H Kim
—
Deed Of Trust
related
$625,000 · Bp West Coast Products LLC
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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