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Property profile

305 1st N Ave Algona, WA 98001

OFF-MARKET
Turn key restaurants
Property ID
US90-1273708
2,970 SF 0.21 ac lot Built 1938
Entity Owned 19-yr Hold ~ Est. High Equity

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1938
Construction WOOD
Total area 2,970 SF
Lot 0.21 ac (9,216 SF)
Zoning code C-1
APN 335640-6450
UPID US90-1273708

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
  • (Bike/Boat/Book/etc) Store
  • Party Supply Store (Bike/Boat/Book/etc) Store
  • Big Box & Wholesale Store
  • Hat Shop
  • (Bike/Boat/Book/etc) Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

since 2006
4 recorded transactions
2019
Price N/A
2006
$652,500
1992
$155,000
1988
$100,000

Zoning & alternative use

C-1 · Algona, WA
Zoning description

The C-1 mixed use commercial district is intended to provide a mixture of uses This means that residential uses are mixed with nonresidential land uses, such as small scale retail and commercial, office, civic and open s…

General category MIXED_USE

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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