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Property profile & analytics
OFF-MARKET
Theaters & concert halls
400 Orch Dr North Bend, WA 98045-9470
Individually Owned
23-yr Hold
Free & Clear
Property ID
US90-1194715
Property profile
Verified
Property type
Theaters & concert halls
Use group
AUDITORIUM
Year built
1939
Construction
FRAME
Total area
15,570 SF
Lot
10.33 ac (450,188 SF)
Zoning code
POSPF
APN
092308-9033
UPID
US90-1194715
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
-
Si View Park Event Venue Picnic Ground
-
Mt. Si School of Karate Sports School
-
Si View Zip Line Family Recreation Center
-
Si View Metro Parks Community Center
-
EVPassport Charging Station Electric Vehicle Charging Station
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
Si View Metropolitan Park Dist · 23 yrs held
Si View Metropolitan Park Dist
since 2003
1 recorded transaction
Zoning & alternative use
POSPF · North Bend, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
(POSPF) (Ord. 1824 § 5 (App. B), 2024; Ord. 1576 § 1, 2016: Ord. 1325 § 1 (part), 2008: Ord. 1256 § 1 (part), 2006: Ord. 1020 (part), 1997). 18.10.020 Zoning districts - Purposes. In addition to general purposes of the zoning title outlined in NBMC 18.02.020, zoning districts have the following respective purposes in subsections A, B, C, D, E, and F of this…
Zone name
Parks Open Space Or Public Facilities
General category
CIVIC_INSTITUTIONAL
Zone area
919.79 ac
Source
North Bend Municipal Code
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 North Bend submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Bend 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 2024Property tax & assessments
Tax year 2024
Tax billed
$24,326
Tax year 2024
Assessed value
$2,300,600
Assessed 2023
Effective rate
1.06%
On assessed value
Assessed land
$1,575,600
Assessed improvement
$725,000
Land market value
$1,575,600
Improvement market value
$725,000
Total market value
$2,300,600
Applied tax rate
1,925.0000
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
Theaters & concert halls
Use group
AUDITORIUM
Status
Off-Market
Year built
1939
Construction
FRAME
Heating
FORCED AIR
Buildings
2
Stories
1
Total area
15,570 SF
Lot
10.33 ac (450,188 SF)
Zoning code
POSPF
APN
092308-9033
UPID
US90-1194715
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
POSPF · North Bend, WAZoning POSPF · permitted uses
POSPF · North Bend, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
(POSPF) (Ord. 1824 § 5 (App. B), 2024; Ord. 1576 § 1, 2016: Ord. 1325 § 1 (part), 2008: Ord. 1256 § 1 (part), 2006: Ord. 1020 (part), 1997). 18.10.020 Zoning districts - Purposes. In addition to general purposes of the zoning title outlined in NBMC 18.02.020, zoning districts have the following respective purposes in subsections A, B, C, D, E, and F of this section. Chapter 18.13 NBMC describes overlay districts that apply to specific areas. A. Purposes - LDR and CLDR Districts. 1. Provide for neighborhoods of predominately single-family structures buildings at a gross density of four dwelling units per acre for LDR, with an allowance for cottage housing developments within the LDR of up to eight units per acre under limited circumstances subject to the provisions of Chapter 18.11 NBMC, Cottage Ordinance 1854, Exhibit A North Bend Municipal Code
Zone name
Parks Open Space Or Public Facilities
General category
CIVIC_INSTITUTIONAL
Zone area
919.79 ac
Source
North Bend Municipal Code
Building & site characteristics
From public records
Year built
1939
Construction
FRAME
Heating
FORCED AIR
Stories
1
Buildings
2
Lot
10.33 ac
Current owner
From public records · entity-resolved
Si View Metropolitan Park Dist
Individual
Free & Clear · 23 yrs held
Mailing address
PO BOX 346, NORTH BEND, WA 98045-0346
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2003
—
Si View Metropolitan Park Dist
King County (wa)
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.
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