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Property profile & analytics
OFF-MARKET
Estimated value
$3,255,000
Grocery and convenience stores
3317 Government Way, Seattle, WA 98199-1318
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-1546335
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1956
Construction
WOOD
Total area
1,034 SF
Lot
0.17 ac (7,346 SF)
Zoning code
LR3 RC (M)
APN
423540-0725
UPID
US90-1546335
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
-
Shell Gas Station
-
U-Haul Neighborhood Dealer Car Rental Facility
-
CoinFlip Bitcoin ATM Commercial Agent Currency Exchange Service
-
Premium Roofing Services - New Roof - Roofer - Re Roof Roofing Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.22M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.37M
Blend (final)
Blend
$3.26M
Owner & transaction history
Tbs Oil Corporation 2 · 6 yrs held
Tbs Oil Corporation 2
since 2020
Last sale
$3.3M
5 recorded transactions
Zoning & alternative use
LR3 RC (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
$3,205,000
ML approach
$3,215,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.26M
Range $2.93M – $3.58M · ±10% · vs last sale $3.30M (Mar 13 2020)
Last sale anchor
$3.30M
Mar 13 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
$3,148 / 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
$13,896
Tax year 2022
Assessed value
$1,538,900
Assessed 2022
Previous assessed
$1,538,900
+0.0% YoY
Effective rate
0.90%
On assessed value
Assessed land
$1,212,000
Assessed improvement
$326,900
Land market value
$1,212,000
Improvement market value
$326,900
Total market value
$1,538,900
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1956
Construction
WOOD
Heating
FORCED AIR
Stories
1
Total area
1,034 SF
Lot
0.17 ac (7,346 SF)
Zoning code
LR3 RC (M)
APN
423540-0725
UPID
US90-1546335
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
LR3 RC (M) · Seattle, WA
Zoning LR3 RC (M) · permitted uses
LR3 RC (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
1956
Construction
WOOD
Heating
FORCED AIR
Stories
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Tbs Oil Corporation 2
Entity
Mailing address
3317 W GOVERNMENT WAY, SEATTLE, WA 98199-1318
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 8, 2026
—
Tbs Oil Corporation 2 INC
—
Deed
related
$625,000
Mar 13, 2020
$3,300,000
Tbs Oil Corporation 2
Waseem Nasif
Warranty Deed
$2,750,000 · Unibank
Mar 17, 2017
—
Waseem Nasif
Nasif,melissa
Quit Claim Deed
related
—
Mar 17, 2017
$900,000
Waseem Nasif
Lakatos Miklos K & E E Trust
Warranty Deed
$800,000 · Sun Pacific Energy INC
Jul 26, 2007
—
Lakatos Miklos K & E E Trust
Lakatos,miklos K & Elizabeth E
Quit Claim Deed
related
—
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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