Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$8,600,000
Grocery and convenience stores
3900 Othello St Seattle, WA 98118-3543
Individually Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-3243165
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1953
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
26,092 SF
Lot
2.61 ac (113,507 SF)
Zoning code
NC3P-95 (M)
APN
272404-9127
UPID
US90-3243165
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
-
Starbucks Cafe & Coffee Shop
-
Safeway Bakery Bakery Specialty Food Shop
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Coinme at Coinstar - Bitcoin Kiosk Shopping Center & Mall (Bike/Boat/Book/etc) Store
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.16M
Comparable Approach
Comparable
$6.78M
Blend (final)
Blend
$8.60M
Owner & transaction history
Central Puget Sound Regional T · 21 yrs held
Central Puget Sound Regional T
since 2004
5 recorded transactions
Zoning & alternative use
NC3P-95 (M) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of this district is to promote neighborhood commercial activities to support or encourage a pedestrian-oriented shopping district that serves the surrounding neighborhood and a larger community, citywide, or regional clientele; that provides comparison shopping for a wide range of retail goods and services; that incorporates offices, business supp…
Zone name
Neighborhood Commercial Pedestrian Mandatory Housing Affordability
General category
COMMERCIAL
Zone area
89.86 ac
Source
Realmo
Top alternative use upside
Restaurant
$13.7M
+30.9%
Auto repair, garage
$10.7M
+2.6%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$9,920,000
6.5%
$9,160,000
7%
$8,505,000
Alternative Use
Use
Estimation
RETAIL STORES
$10,465,000
Current use
RESTAURANT
$13,690,000
Change: +31% · Conversion: Easy
AUTO REPAIR, GARAGE
$10,735,000
Change: +3% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$9,255,000
Change: -12% · Conversion: Difficult
OFFICE BUILDING
$9,220,000
Change: -12% · Conversion: Easy
MEDICAL BUILDING
$8,970,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$8.60M
Range $7.74M – $9.46M · ±10%
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
$330 / 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
$127,373
Tax year 2022
Assessed value
$13,054,300
Assessed 2022
Previous assessed
$13,054,300
+0.0% YoY
Effective rate
0.98%
On assessed value
Assessed land
$13,053,300
Assessed improvement
$1,000
Land market value
$13,053,300
Improvement market value
$1,000
Total market value
$13,054,300
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
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1953
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
OTHER
Stories
1
Total area
26,092 SF
Lot
2.61 ac (113,507 SF)
Zoning code
NC3P-95 (M)
APN
272404-9127
UPID
US90-3243165
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC3P-95 (M) · Seattle, WAZoning NC3P-95 (M) · permitted uses
NC3P-95 (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 neighborhood commercial activities to support or encourage a pedestrian-oriented shopping district that serves the surrounding neighborhood and a larger community, citywide, or regional clientele; that provides comparison shopping for a wide range of retail goods and services; that incorporates offices, business support services, and residences that are compatible with the retail character of the area. The Pedestrian designation is to preserve or encourage an intensely retail and pedestrian-oriented shopping district where non-auto modes of transportation to and within the district are strongly favored. M is the mandatory housing affordability suffix applied to this zone.
Zone name
Neighborhood Commercial Pedestrian Mandatory Housing Affordability
General category
COMMERCIAL
Zone area
89.86 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$10.5M
RESTAURANT
Est. value
$13.7M
AUTO REPAIR, GARAGE
Est. value
$10.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.3M
OFFICE BUILDING
Est. value
$9.2M
MEDICAL BUILDING
Est. value
$9.0M
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1953
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
Yes
Stories
1
Lot
2.61 ac
Current owner
From public records · entity-resolved
Central Puget Sound Regional T
Individual
Mailing address
1371 OAKLAND BLVD STE #200, WALNUT CREEK, CA 94596-8408
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
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
Jan 3, 2018
—
Safeway INC
—
Loan Modification
related
—
Aug 17, 2004
—
Central Puget Sound Regional T
Safeway INC
Grant Deed
related
—
Oct 17, 2003
—
Central Puget Sound Regional
Safeway INC
Grant Deed
related
—
Jul 20, 1994
—
Gospel Mission Assoc Union
Safeway INC
Quit Claim Deed
related
—
Jul 13, 1992
—
Safeway Stores INC #219
Leong,michael (t
Grant 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3900 Othello St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
