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Property profile & analytics
OFF-MARKET
Estimated value
$2,640,000
Turn key restaurants
4333 University NE Way, Seattle, WA 98105-5808
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-0614221
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1913
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,120 SF
Lot
0.09 ac (4,120 SF)
Zoning code
NC3P-65
APN
114200-0140
UPID
US90-0614221
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
-
Pauly's at Earl's Bar & Pub
-
Earl's on the Ave Bar & Pub
-
All American Bar Catering Take-out & Catering Catering Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.41M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.64M
Owner & transaction history
Udpa 4333 LLC · 4 yrs held
Udpa 4333 LLC
since 2022
Last sale
$2.9M
6 recorded transactions
Zoning & alternative use
NC3P-65 · 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
$2,355,000
ML approach
$2,405,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,160,000
Current use
COMMERCIAL (GENERAL)
$2,085,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$2.64M
Range $2.38M – $2.90M · ±10% · vs last sale $2.90M (May 3 2022)
Last sale anchor
$2.90M
May 3 2022
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
$641 / 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
$29,492
Tax year 2022
Assessed value
$1,649,000
Assessed 2022
Previous assessed
$1,649,000
+0.0% YoY
Effective rate
1.79%
On assessed value
Assessed land
$1,648,000
Assessed improvement
$1,000
Land market value
$1,648,000
Improvement market value
$1,000
Total market value
$1,649,000
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
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
Off-Market
Year built
1913
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
OTHER
Stories
1
Total area
4,120 SF
Lot
0.09 ac (4,120 SF)
Zoning code
NC3P-65
APN
114200-0140
UPID
US90-0614221
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC3P-65 · Seattle, WA
Zoning NC3P-65 · permitted uses
NC3P-65 · 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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$2.1M
RESTAURANT Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1913
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
Yes
Stories
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
Udpa 4333 LLC
Entity
Mailing address
4710 UNIVERSITY WAY NE STE #110, SEATTLE, WA 98105-4428
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 12, 2025
—
Udpa 4333 LLC
—
Deed
related
$1,196,000 · East West Bank
May 3, 2022
—
Udpa 4333 LLC
University District Parking Assc In
Quit Claim Deed
related
—
Mar 18, 2022
$2,900,000
University District Parking Assc In
Rodney A Prentice
Warranty Deed
—
Jun 30, 2016
—
Rodney A Prentice
—
Deed
related
$300,000 · Wells Fargo Bank NA
Mar 31, 1999
$1,019,558
Rodney A Prentice
Iglitzin Trust
Grant Deed
—
Jun 21, 1996
$70,000
Alan Iglitzin
Iglitzin,lynne
Quit Claim Deed
related
$70,000 · Seller
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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