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Property profile & analytics
OFF-MARKET
Estimated value
$1,990,000
Turn key restaurants
2536 Alki SW Ave Seattle, WA 98116-2262
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-1153872
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1943
Construction
WOOD
Total area
812 SF
Lot
0.11 ac (4,692 SF)
Zoning code
NC1-40 (M)
APN
765240-0070
UPID
US90-1153872
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
-
Ampersand Cafe on Alki Cafe & Coffee Shop
-
Future Primitive Beach Bar Production Facility Brewery & Distillery
-
Aiki Law Law Firm
-
Zebra Marketing Inc Advertising Agency Marketing & Advertising
-
Dharma Hcm Business Management Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.97M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.99M
Owner & transaction history
Willkommen LLC · 3 yrs held
Willkommen LLC
since 2023
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
NC1-40 (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
Method
Estimation
Statistic approach
$2,000,000
ML approach
$1,970,000
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 $2.00M (Mar 31 2023)
Last sale anchor
$2.00M
Mar 31 2023
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
$2,451 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$16,183
Tax year 2022
Assessed value
$878,300
Assessed 2022
Previous assessed
$878,300
+0.0% YoY
Effective rate
1.84%
On assessed value
Assessed land
$703,800
Assessed improvement
$174,500
Land market value
$703,800
Improvement market value
$174,500
Total market value
$878,300
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
1943
Construction
WOOD
Heating
FORCED AIR
Buildings
2
Stories
1
Total area
812 SF
Lot
0.11 ac (4,692 SF)
Zoning code
NC1-40 (M)
APN
765240-0070
UPID
US90-1153872
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC1-40 (M) · Seattle, WA
Zoning NC1-40 (M) · permitted uses
NC1-40 (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
1943
Construction
WOOD
Heating
FORCED AIR
Stories
1
Buildings
2
Lot
0.11 ac
Current owner
From public records · entity-resolved
Willkommen LLC
Entity
Mailing address
2615 58TH AVE SW, SEATTLE, WA 98116-2227
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2023
$2,000,000
Willkommen LLC
Schilling Family Holdings 1 LLC
Warranty Deed
$1,100,000 · Begum Steiner
Aug 24, 2016
$1,700,000
Schilling Family Holdings 1 L
Lin,thomas Y K
Warranty Deed
$957,047 · Private Individual
Dec 4, 2008
—
Thomas Y K Lin
—
Trustees Deed
related
$27,310 · Steve Mchugh
Jan 23, 1998
$990,000
Thomas Y Lin
Ankeny,dennis L
Grant Deed
$665,000 · Seller
Mar 6, 1997
—
Dennis L Ankeny
—
Grant Deed
related
$211,000 · Interwest Bank
—
—
Thomas Y K Lin
—
Deed Of Trust
related
$207,338 · Executive Inv
—
—
Dennis Ankeny
—
Deed Of Trust
related
$79,132 · Individual
—
—
Thomas Y K Lin
—
Deed Of Trust
related
$110,000 · Fatima Investments Ltd
—
—
Thomas Y K Lin
—
Deed Of Trust
related
$375,000 · Steve Mchugh
—
—
R Jeffery Smith
—
Deed Of Trust
related
$210,000
—
—
Timothy W Morgan
—
Deed Of Trust
related
$262,000 · Great Western Bank
—
—
Thomas Y K Lin
—
Deed Of Trust
related
$1,550,000 · Executive Inv
—
—
Thomas Y K Lin
—
Deed Of Trust
related
$70,000 · Ritchie Group
—
—
Thomas Y Lin
—
Deed Of Trust
related
$500,000 · Allen Barbieri
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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