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Property profile & analytics
OFF-MARKET
Estimated value
$6,510,000
Turn key restaurants
314 Nickerson St Seattle, WA 98109-1724
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-1188951
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1919
Construction
WOOD
Total area
2,718 SF
Lot
0.08 ac (3,401 SF)
Zoning code
C2-55 (M)
APN
524480-0014
UPID
US90-1188951
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
-
314 Nickerson St Parking Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.88M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.51M
Owner & transaction history
Fremont Bridge Holdings LLC · 6 yrs held
Fremont Bridge Holdings LLC
since 2020
Last sale
$6.7M
4 recorded transactions
Zoning & alternative use
C2-55 (M) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of this district is to promote general commercial activities, to provide for an auto-oriented, primarily non-retail commercial area that provides a wide range of commercial activities serving a community, citywide, or regional function, including uses such as manufacturing and warehousing that are less appropriate in more-retail-oriented commercia…
Zone name
Commercial Mandatory Housing Affordability
General category
INDUSTRIAL
Zone area
166.37 ac
Source
Realmo
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
$6,510,000
ML approach
$6,875,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.51M
Range $5.86M – $7.16M · ±10% · vs last sale $6.70M (May 1 2020)
Last sale anchor
$6.70M
May 1 2020
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
$2,395 / 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
$8,744
Tax year 2022
Assessed value
$995,800
Assessed 2022
Previous assessed
$995,800
+0.0% YoY
Effective rate
0.88%
On assessed value
Assessed land
$544,100
Assessed improvement
$451,700
Land market value
$544,100
Improvement market value
$451,700
Total market value
$995,800
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
1919
Construction
WOOD
Heating
HEAT PUMP
Stories
2
Total area
2,718 SF
Lot
0.08 ac (3,401 SF)
Zoning code
C2-55 (M)
APN
524480-0014
UPID
US90-1188951
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
C2-55 (M) · Seattle, WAZoning C2-55 (M) · permitted uses
C2-55 (M) · Seattle, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of this district is to promote general commercial activities, to provide for an auto-oriented, primarily non-retail commercial area that provides a wide range of commercial activities serving a community, citywide, or regional function, including uses such as manufacturing and warehousing that are less appropriate in more-retail-oriented commercial areas. M is the mandatory housing affordability suffix applied to this zone.
Zone name
Commercial Mandatory Housing Affordability
General category
INDUSTRIAL
Zone area
166.37 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1919
Construction
WOOD
Heating
HEAT PUMP
Stories
2
Lot
0.08 ac
Current owner
From public records · entity-resolved
Fremont Bridge Holdings LLC
Entity
Mailing address
7120 18TH AVE NE, REDMOND, WA 98052
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2020
$6,700,000
Fremont Bridge Holdings LLC
Jc Commercial Properties LLC
Warranty Deed
$3,250,000 · Jc Commercial Props LLC
Sep 1, 2016
$2,500,000
Jc Commercial Properties LLC
Nickerson Street LLC
Bargain And Sale Deed
$2,025,000 · Sound Community Bank
Aug 11, 2016
—
Robert Collins
Ellis,eileen M
Grant Deed
—
Jun 18, 2008
—
Nickerson Street LLC
Collins,robert
Warranty Deed
—
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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