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Property profile & analytics
OFF-MARKET
Estimated value
$5,440,000
Turn key restaurants
3703 150th SE Ave Bellevue, WA 98006-1660
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-1600114
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,223 SF
Lot
0.97 ac (42,170 SF)
Zoning code
NMU
APN
220050-0510
UPID
US90-1600114
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
-
Daeho Bellevue Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.14M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.44M
Owner & transaction history
Daeho Hwang · 3 yrs held
Daeho Hwang
since 2022
Last sale
$5.8M
7 recorded transactions
Zoning & alternative use
NMU · Bellevue, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the NMU District is to provide an area with a mix of retail, service, office and residential uses with an emphasis on neighborhood retail and service uses. This district is designed to be compatible with nearby neighborhoods and is easily accessible from the nearby office and residential uses
Zone name
Neighborhood Mixed Use
General category
MIXED_USE
Zone area
51.36 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 Bellevue submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bellevue 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
$5,120,000
ML approach
$5,140,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.44M
Range $4.90M – $5.98M · ±10% · vs last sale $5.75M (Dec 19 2022)
Last sale anchor
$5.75M
Dec 19 2022
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
$1,688 / 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
$16,612
Tax year 2022
Assessed value
$2,347,000
Assessed 2022
Previous assessed
$2,347,000
+0.0% YoY
Effective rate
0.71%
On assessed value
Assessed land
$2,150,600
Assessed improvement
$196,400
Land market value
$2,150,600
Improvement market value
$196,400
Total market value
$2,347,000
Applied tax rate
330.0000
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
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
OTHER
Stories
1
Total area
3,223 SF
Lot
0.97 ac (42,170 SF)
Zoning code
NMU
APN
220050-0510
UPID
US90-1600114
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NMU · Bellevue, WAZoning NMU · permitted uses
NMU · Bellevue, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the NMU District is to provide an area with a mix of retail, service, office and residential uses with an emphasis on neighborhood retail and service uses. This district is designed to be compatible with nearby neighborhoods and is easily accessible from the nearby office and residential uses
Zone name
Neighborhood Mixed Use
General category
MIXED_USE
Zone area
51.36 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
Yes
Stories
1
Lot
0.97 ac
Current owner
From public records · entity-resolved
Daeho Hwang
Individual
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 10, 2023
—
Daeho Hwang
—
Deed
related
$1,000,000 · Open Bank
Dec 19, 2022
$5,750,000
Daeho Hwang
James Jeong
Warranty Deed
$3,400,000 · Open Bank
Jul 15, 2021
—
Sung Ja Jeong
—
Deed
related
$1,200,000 · Woori America Bank
Jul 31, 2018
—
James Jeong
—
Deed
related
$1,250,000 · Royal Business Bank
Jan 2, 2002
$1,847,500
James Jeong
Trf Mikie LLC
Grant Deed
$1,296,759 · City Bank
Oct 15, 2001
$1,250,000
Trf Mikie LLC
T G W Partners
Grant Deed
$1,300,000 · Washington First Int'l Bank
May 26, 1994
$865,000
T G W Partners
3703 105th Ave W
Grant Deed
—
—
—
James Jeong
—
Deed Of Trust
related
$1,400,000 · Bbu Bank
—
—
James Jeong
—
Deed Of Trust
related
$1,400,000 · Pacific International Bank
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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