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Property profile & analytics
OFF-MARKET
Drive through restaurants
407 Broad St, Seattle, WA 98109-4612
Individually Owned
20-yr Hold
~
Est. High Equity
Property ID
US90-1255431
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1906
Construction
FRAME
Total area
1,040 SF
Lot
0.04 ac (1,885 SF)
Zoning code
SM-UP 160 (M)
APN
199120-0095
UPID
US90-1255431
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
-
Young's Accounting Office Tax Preparation
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
Young K Lee · 20 yrs held
Young K Lee
since 2006
7 recorded transactions
Zoning & alternative use
SM-UP 160 (M) · Seattle, WA
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 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
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
$8,596
Tax year 2024
Assessed value
$792,700
Assessed 2023
Previous assessed
$792,700
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$791,700
Assessed improvement
$1,000
Land market value
$791,700
Improvement market value
$1,000
Total market value
$792,700
Applied tax rate
11.0000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1906
Construction
FRAME
Heating
FLOOR/WALL FURNACE
Cooling
WALL UNIT
Stories
2
Total area
1,040 SF
Lot
0.04 ac (1,885 SF)
Zoning code
SM-UP 160 (M)
APN
199120-0095
UPID
US90-1255431
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
SM-UP 160 (M) · Seattle, WA
Zoning SM-UP 160 (M) · permitted uses
SM-UP 160 (M) · Seattle, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Seattle. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1906
Construction
FRAME
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
2
Lot
0.04 ac
Current owner
From public records · entity-resolved
Young K Lee
Individual
Mailing address
407 BROAD ST, SEATTLE, WA 98109-4612
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 3, 2024
—
Kyuyoung Lee Young
—
Deed
related
$520,000 · First Ic Bank A Georgi
Jun 16, 2006
—
Young K Lee
Seattle Popular Monorail Authority
Bargain And Sale Deed
$464,855 · Pacific International Bank
Mar 10, 1997
$220,000
Young K Lee
Huynh,phuoc V & Minh C
Grant Deed
$142,500 · Sterling Savings Association
—
—
Young K Lee
—
Deed Of Trust
related
$250,000 · Wilshire State Bank
—
—
Young K Lee
—
Deed Of Trust
related
$50,000 · Wilshire State Bank
—
—
Young K Lee
—
Deed Of Trust
related
$50,000 · Sterling Savings Association
—
—
Young K Lee
—
Deed Of Trust
related
$520,000 · Sterling Bank
—
—
Young K Lee
—
Deed Of Trust
related
$340,000 · 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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