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Property profile & analytics
OFF-MARKET
Estimated value
$320,000
Turn key restaurants
401 Heron St Aberdeen, WA 98520-6122
Individually Owned
11-yr Hold
~
Est. High Equity
Property ID
US90-3031376
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1966
Construction
STEEL FRAME
Total area
2,722 SF
Lot
0.15 ac (6,534 SF)
APN
29405700100
UPID
US90-3031376
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$320k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$320k
Owner & transaction history
Min Z Zheng · 11 yrs held
Min Z Zheng
since 2014
7 recorded transactions
Zoning & alternative use
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 Aberdeen submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Aberdeen 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
$320,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$320k
Range $288k – $352k · ±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
$118 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$3,076
Tax year 2023
Assessed value
$303,827
Assessed 2022
Previous assessed
$274,687
+10.6% YoY
Effective rate
1.01%
On assessed value
Assessed land
$105,300
Assessed improvement
$198,527
Land market value
$105,300
Improvement market value
$198,527
Total market value
$303,827
Applied tax rate
5.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1966
Construction
STEEL FRAME
Heating
NONE
Stories
1
Total area
2,722 SF
Lot
0.15 ac (6,534 SF)
APN
29405700100
UPID
US90-3031376
Jurisdiction
GRAYS HARBOR
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1966
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
Min Z Zheng
Individual
Mailing address
430 MCKINLEY AVE, ABERDEEN, WA 98520-2641
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 4, 2014
—
Min Z Zheng
Zheng,fei
Quit Claim Deed
related
$107,500 · Allan Springer
Sep 4, 2014
$257,500
Min Z Zheng
Springer,allan D
Grant Deed
—
Dec 18, 2007
$185,000
Allan D Springer
Therson,louis & Joanne J
Warranty Deed
—
Dec 18, 2007
—
Allan D Springer
Springer,merri
Quit Claim Deed
related
$88,500 · Louis & Joanne Therson
Nov 13, 2007
—
Louis Therson
Karl,billie J
Quit Claim Deed
related
—
Nov 30, 2006
—
Billie J Therson
Therson,richard L
Quit Claim Deed
related
—
—
—
Billie J Therson
—
Deed Of Trust
related
$21,500 · Louis & Joanne Therson
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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