New search
Property profile & analytics
FOR SALE
Turn key restaurants
505 Harrison St, Seattle, WA 98109
Entity Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1683159
For Sale
1 / 2
$570,000
505 Harrison St, Seattle, WA 98109
View Listing →
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1929
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
12,855 SF
Lot
0.16 ac (6,780 SF)
Zoning code
SM-UP 160 (M)
APN
199120-0400
UPID
US90-1683159
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
$410k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$732k
Blend (final)
Blend
$570k
Owner & transaction history
Bts International LLC · 14 yrs held
Bts International LLC
since 2012
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
Method
Estimation
Statistic approach
by Request
ML approach
$410,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$570k
Range $513k – $627k · ±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
$44 / 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
$76,977
Tax year 2022
Assessed value
$4,746,000
Assessed 2022
Previous assessed
$4,746,000
+0.0% YoY
Effective rate
1.62%
On assessed value
Assessed land
$4,746,000
Land market value
$4,746,000
Total market value
$4,746,000
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
For Sale
Year built
1929
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
2
Total area
12,855 SF
Lot
0.16 ac (6,780 SF)
Zoning code
SM-UP 160 (M)
APN
199120-0400
UPID
US90-1683159
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
1929
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
2
Lot
0.16 ac
Current owner
From public records · entity-resolved
Bts International LLC
Entity
Mailing address
15601 LARCH WAY, LYNNWOOD, WA 98087-2635
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
Sep 16, 2021
—
B T S International LLC
—
Deed
related
—
Sep 17, 2018
—
Bts International LLC
—
Deed
related
$200,000 · Hap Wong
Apr 25, 2017
—
B T S International LLC
—
Deed
related
$1,400,000 · Universal Appliance & Com'l Re
Sep 9, 2016
—
B T S International LLC
—
Trustees Deed
related
$320,000 · Joseph M Conboy
May 24, 2012
—
Bts International LLC
Lee,basil & Teresa
Quit Claim Deed
related
—
Feb 26, 2008
—
Basil Lee
Lee,basil & Teresa
Quit Claim Deed
related
—
May 30, 2002
—
Basil Lee
Lee,nai L
Quit Claim Deed
related
—
—
—
B T S International LLC
—
Deed Of Trust
related
$1,400,000 · Universal Appliance & Com'l Re
—
—
Bts International LLC
—
Deed Of Trust
related
$200,000 · Hap Wong
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.
