Property profile

2901 Madison St Seattle, WA 98112

OFF-MARKET
Turn key restaurants
Property ID
US90-1688229
4,279 SF 0.18 ac lot Built 1948
Entity Owned 21-yr Hold Free & Clear
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1948
Construction WOOD
Total area 4,279 SF
Lot 0.18 ac (8,000 SF)
Zoning code NC2P-55 (M)
APN 501600-0045
UPID US90-1688229

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

2901 Madison St Seattle, WA 98112-4213
Seattle metro Census 7700 SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$425k
CAP Approach CAP
by Request
Comparable Approach Comparable
$591k
Blend (final) Blend
$510k

Owner & transaction history

since 2005
2 recorded transactions
2005
Price N/A
1990
$500,000

Zoning & alternative use

NC2P-55 (M) · Seattle, WA
Zoning description

The intent of this district is to promote neighborhood commercial activities, to support or encourage a pedestrian-oriented shopping area that provides a full range of household and personal goods and services, including…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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