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Property profile & analytics
OFF-MARKET
Estimated value
$830,000
Turn key restaurants
255 152nd St Burien, WA 98166-2307
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US90-3241888
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
16,640 SF
Lot
0.33 ac (14,590 SF)
Zoning code
DC
APN
122100-0005
UPID
US90-3241888
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$830k
Owner & transaction history
Investment Property Acquisition LLC · 20 yrs held
Investment Property Acquisition LLC
since 2006
5 recorded transactions
Zoning & alternative use
DC · Burien, 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 Burien submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Burien 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
$50 / 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
$19,400
Tax year 2022
Assessed value
$1,727,600
Assessed 2022
Previous assessed
$1,727,600
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$408,500
Assessed improvement
$1,319,100
Land market value
$408,500
Improvement market value
$1,319,100
Total market value
$1,727,600
Applied tax rate
937.0000
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
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Total area
16,640 SF
Lot
0.33 ac (14,590 SF)
Zoning code
DC
APN
122100-0005
UPID
US90-3241888
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
DC · Burien, WA
Zoning DC · permitted uses
DC · Burien, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Burien. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Lot
0.33 ac
Current owner
From public records · entity-resolved
Investment Property Acquisition LLC
Entity
Mailing address
255 SW 152ND ST, BURIEN, WA 98166-2307
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 20, 2006
$1,250,000
Investment Property Acquisition LLC
Kinh Luu
Warranty Deed
$937,500 · Us Bank NA
May 28, 2002
$830,000
Kinh Luu
Naranjo,daniel A & Cyd C
Grant Deed
$500,000 · Daniel A & Cyd C Naranjo
Jul 29, 1996
—
Grant Wood
Dgm Building Associates
Quit Claim Deed
related
—
May 1, 1991
$686,200
D.g.m. Bldg. Associates
Miller,john D
Grant Deed
—
—
—
Prop Aquisitions L Investments
—
Deed Of Trust
related
$1,550,000 · Bank Of America
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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