New search
Property profile & analytics
FOR SALE
Turn key restaurants
415 Westlake Ave N, Seattle, WA 98109
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US90-1203034
For Sale
1 / 4
$25,500,000
415 Westlake Ave N, Seattle, WA 98109
View Listing →
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1947
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,980 SF
Lot
0.3 ac (12,960 SF)
Zoning code
SM-SLU 175/85-280
APN
198320-0015
UPID
US90-1203034
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
-
415 Westlake Hotel & Motel Resort
-
Emerald City Music Theater & Performing Art Venue Music Venue
-
415 Westlake Ave N Private Parking Parking Lot & Garage
-
Union Church Church
-
kakao Bakery Take-out & Catering
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
Union Presbyterian Church · 7 yrs held
Union Presbyterian Church
since 2018
7 recorded transactions
Zoning & alternative use
SM-SLU 175/85-280 · 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 2023Property tax & assessments
Tax year 2023
Tax billed
$66,840
Tax year 2023
Assessed value
$3,214,400
Assessed 2023
Previous assessed
$6,830,700
-52.9% YoY
Effective rate
2.08%
On assessed value
Assessed land
$3,214,100
Assessed improvement
$300
Land market value
$3,214,100
Improvement market value
$300
Total market value
$3,214,400
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
Turn key restaurants
Use group
RESTAURANT
Status
For Sale
Year built
1947
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Stories
1
Total area
7,980 SF
Lot
0.3 ac (12,960 SF)
Zoning code
SM-SLU 175/85-280
APN
198320-0015
UPID
US90-1203034
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
SM-SLU 175/85-280 · Seattle, WA
Zoning SM-SLU 175/85-280 · permitted uses
SM-SLU 175/85-280 · 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
1947
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Stories
1
Lot
0.3 ac
Current owner
From public records · entity-resolved
Union Presbyterian Church
Entity
Mailing address
415 WESTLAKE AVE N, SEATTLE, WA 98109-5221
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 3, 2022
—
Union Presbyterian Church
—
Deed
related
$1,300,000 · Presbyterian Church USA Investment And L
Dec 28, 2021
—
Union Presbyterian Church
—
Deed
related
$3,525,000 · Presbyterian Church (u S A ) Investment
Sep 26, 2018
—
Union Presbyterian Church
University Presbyterian Church
Quit Claim Deed
$2,250,000 · Presbytery/seattle
Nov 16, 2012
$5,000,000
University Presbyterian Church
Granard Brothers LLC
Warranty Deed
$250,000 · Granard Brothers LLC
Mar 3, 2004
—
Granard Brothers LLC
Granard,chester R & Cristina J
Quit Claim Deed
related
—
Aug 11, 2003
—
Chester R Granard
Granard,chester R
Quit Claim Deed
related
—
Aug 11, 2003
$750,000
Matthew L Granard
Granard,marlene S
Grant Deed
related
$750,000 · Marlene S Granard
May 19, 2000
—
Matthew L Grenard
Anthony Johnson Estate
Quit Claim Deed
related
—
Jan 6, 2000
—
Matthew L Granard
Granard,pauline B
Quit Claim Deed
related
—
—
—
University Presbyterian Church
—
Deed Of Trust
related
—
—
—
Matthew Granard
—
Deed Of Trust
related
$240,950 · Kelleryn L Granard
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?”
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.
