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Property profile & analytics
OFF-MARKET
Turn key restaurants
400 1st N Ave Algona, WA 98001-8540
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US90-1646423
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1945
Construction
WOOD
Total area
2,222 SF
Lot
0.15 ac (6,480 SF)
Zoning code
C-1
APN
954300-0005
UPID
US90-1646423
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Tomas Lopez · 10 yrs held
Tomas Lopez
since 2015
7 recorded transactions
Zoning & alternative use
C-1 · Algona, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 space
Zone name
Mixed Use Commercial
General category
MIXED_USE
Zone area
69.96 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 Algona submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Algona 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$14,647
Tax year 2022
Assessed value
$434,300
Assessed 2022
Previous assessed
$434,300
+0.0% YoY
Effective rate
3.37%
On assessed value
Assessed land
$100,000
Assessed improvement
$334,300
Land market value
$100,000
Improvement market value
$334,300
Total market value
$434,300
Applied tax rate
51.0000
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
1945
Construction
WOOD
Heating
NONE
Stories
1
Total area
2,222 SF
Lot
0.15 ac (6,480 SF)
Zoning code
C-1
APN
954300-0005
UPID
US90-1646423
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
C-1 · Algona, WAZoning C-1 · permitted uses
C-1 · Algona, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
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 space
Zone name
Mixed Use Commercial
General category
MIXED_USE
Zone area
69.96 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1945
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
Tomas Lopez
Individual
Mailing address
400 1ST AVE N, ALGONA, WA 98001-8540
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 5, 2021
—
Antonia Lopez Zamorano
—
Deed
related
$950,000 · Michael Make Etux
Feb 21, 2018
—
Tomas Lopez
—
Deed
related
$750,000 · Donald W Fox
Aug 19, 2015
$351,000
Tomas Lopez
Kwon,eun K
Warranty Deed
$300,000 · James & Bonnie Manke
Mar 9, 2005
$311,000
Eun K Kwon
S Y Baik INC
Warranty Deed
—
May 2, 2001
$270,000
S Y Baik INC
Lim,lee S & Soon Y
Grant Deed
$243,000 · Natbank NA
May 31, 2000
$205,000
Lee K Lim
Hong,chi S
Grant Deed
—
Jun 24, 1996
$165,000
Chi S Hong
Hatton,david L
Grant Deed
—
Jan 26, 1990
$64,500
David L Hatton
Gustafson,l K
Grant Deed
$58,000 · Seller
—
—
David Hatton
—
Deed Of Trust
related
$10,000 · Passage International INC
—
—
Sy Baik INC
—
Deed Of Trust
related
$595,000 · Nara Bank
—
—
Tomas Lopez
—
Deed Of Trust
related
$750,000 · Donald W Fox
—
—
Sy Baik INC
—
Deed Of Trust
related
$174,000 · Nara Bank
—
—
David Hatton
—
Deed Of Trust
related
$15,000 · Individual
—
—
David L Hatton
—
Deed Of Trust
related
$139,000 · Financial Services Corp Wa
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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