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Property profile & analytics
OFF-MARKET
Turn key restaurants
2319 Madison St, Seattle, WA 98112-5416
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-0106051
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1903
Construction
WOOD
Total area
2,459 SF
Lot
0.08 ac (3,603 SF)
Zoning code
NC2-55 (M)
APN
181380-0030
UPID
US90-0106051
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
-
Surrell Restaurant
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
Addison Cole LLC · 6 yrs held
Addison Cole LLC
since 2019
7 recorded transactions
Zoning & alternative use
NC2-55 (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
$11,115
Tax year 2022
Assessed value
$1,313,700
Assessed 2022
Previous assessed
$1,313,700
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$1,116,900
Assessed improvement
$196,800
Land market value
$1,116,900
Improvement market value
$196,800
Total market value
$1,313,700
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1903
Construction
WOOD
Heating
HEAT PUMP
Stories
2
Bathrooms
1
Total area
2,459 SF
Lot
0.08 ac (3,603 SF)
Zoning code
NC2-55 (M)
APN
181380-0030
UPID
US90-0106051
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC2-55 (M) · Seattle, WA
Zoning NC2-55 (M) · permitted uses
NC2-55 (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
1903
Construction
WOOD
Heating
HEAT PUMP
Stories
2
Bathrooms
1
Lot
0.08 ac
Current owner
From public records · entity-resolved
Addison Cole LLC
Entity
Mailing address
1107 20TH AVE E, SEATTLE, WA 98112-3508
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
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 23, 2025
—
Addison Cole LLC
—
Deed
related
$1,250,000 · Heritage Southeast Bank
Jan 29, 2020
—
Addison Cole LLC
—
Deed
related
$750,000 · Heritage Bank
Nov 1, 2019
$1,279,500
Addison Cole LLC
Olliebear LLC
Warranty Deed
—
Dec 5, 2018
—
Olliebear LLC
Ahl,kathrin
Quit Claim Deed
related
—
Jan 19, 2016
$1,120,000
Kathrin Ahl
Wilson,nicole E & Jason C
Warranty Deed
—
Nov 26, 2003
—
Nicole E Wilson
Wilson,jason C
Quit Claim Deed
related
—
Nov 26, 2003
$255,000
Nicole E Wilson
Interbay Funding LLC
Grant Deed
$242,250 · Washington Mutual Fsb
Jan 10, 2003
$284,000
Interbay Funding LLC
Clifford,deanna S
Trustees Deed
related
—
Dec 14, 2001
—
Deanna Clifford
Clifford,deanna
Quit Claim Deed
related
—
Dec 13, 2001
$435,000
Deanna S Clifford
Roston,marie V
Grant Deed
$326,250 · Interbay Funding LLC
—
—
Deanna Clifford
—
Deed Of Trust
related
$40,629 · Beneficial Washington INC
—
—
Jason C Wilson
—
Deed Of Trust
related
$285,000 · Sidney S Andrews
—
—
Deanna S Clifford
—
Deed Of Trust
related
$174,982 · Marie V Roston
—
—
Jason Wilson
—
Deed Of Trust
related
$255,000 · Sidney S Andrews
—
—
Nicole E Wilson
—
Deed Of Trust
related
$424,000 · Commonwealth United Mtg Co
—
—
Nicole E Wilson
—
Deed Of Trust
related
$52,450 · First Horizon Home Loan Corp
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
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