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Property profile & analytics
OFF-MARKET
Estimated value
$6,605,000
Grocery and convenience stores
4201 Morgan St Seattle, WA 98136-1826
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US90-1000138
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
33,706 SF
Lot
1.76 ac (76,650 SF)
Zoning code
NC3-55 (M1)
APN
563750-0005
UPID
US90-1000138
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
-
Chase ATM Atm
-
West Seattle Thriftway Grocery & Convenience Store Food Market
-
Chase Mortgage Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.73M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.61M
Owner & transaction history
Jorve Investments LLC · 13 yrs held
Jorve Investments LLC
since 2012
7 recorded transactions
Zoning & alternative use
NC3-55 (M1) · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$8,375,000
6.5%
$7,730,000
7%
$7,180,000
Blend value · Realmo final
$6.61M
Range $5.94M – $7.27M · ±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
$196 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$114,026
Tax year 2022
Assessed value
$12,265,000
Assessed 2022
Previous assessed
$12,265,000
+0.0% YoY
Effective rate
0.93%
On assessed value
Assessed land
$12,264,000
Assessed improvement
$1,000
Land market value
$12,264,000
Improvement market value
$1,000
Total market value
$12,265,000
Applied tax rate
10.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
GAS
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
33,706 SF
Lot
1.76 ac (76,650 SF)
Zoning code
NC3-55 (M1)
APN
563750-0005
UPID
US90-1000138
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC3-55 (M1) · Seattle, WA
Zoning NC3-55 (M1) · permitted uses
NC3-55 (M1) · 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
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
GAS
Cooling
Yes
Stories
1
Buildings
2
Lot
1.76 ac
Current owner
From public records · entity-resolved
Jorve Investments LLC
Entity
Mailing address
1564 SAN JUAN DR, FRIDAY HARBOR, WA 98250-6987
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 19, 2012
—
Jorve Investments LLC
Jorve Family LLC
Quit Claim Deed
related
$3,900,000 · Monumental Life Insurance
Dec 3, 1998
—
Jorve Family LLC
Epc Holdings LLC
Quit Claim Deed
related
—
Mar 4, 1998
$25,374
Seattle City (wa)
Epc Holdings I LLC
Grant Deed
—
Jan 23, 1998
$1,200,000
Epc Holdings I LLC
Brazos Retail Development INC
Grant Deed
related
$4,000,000 · Associated Grocers INC
Feb 2, 1996
$650,000
Leland Schwab
Schwab Trust
Grant Deed
related
—
Feb 20, 1991
—
Schwab,r&l Chrldrens Trust
Schwab,john&laur
Grant Deed
related
—
—
—
Epc Holdings I LLC
—
Deed Of Trust
related
$500,000 · Jorve Family LLC
—
—
Jorve Family LLC
—
Deed Of Trust
related
$4,500 · Washington Capital Joint Maste
—
—
Jorve Family LLC
—
Deed Of Trust
related
$4,200,000 · Columbia State 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.
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