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Property profile & analytics
OFF-MARKET
Estimated value
$2,930,000
Turn key restaurants
5109 Shilshole NW Ave, Seattle, WA 98107-4836
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-1327093
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1960
Construction
WOOD
Total area
2,560 SF
Lot
1.16 ac (50,553 SF)
Zoning code
IG1 U/65
APN
046700-0475
UPID
US90-1327093
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
-
Evan Scott Cabinet and Furniture General Contractor
-
Salmon Bay Cafe Restaurant
-
ARC Motors, Ltd. / ARC Marine Co. Auto Repair Shop
-
Sound Lock & Key Locksmith
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.95M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.27M
Blend (final)
Blend
$2.93M
Owner & transaction history
Mv Aurora LLC · 2 yrs held
Mv Aurora LLC
since 2023
Last sale
$2.9M
7 recorded transactions
Zoning & alternative use
IG1 U/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
$2,925,000
ML approach
$2,945,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.93M
Range $2.64M – $3.22M · ±10% · vs last sale $2.93M (Oct 2 2023)
Last sale anchor
$2.93M
Oct 2 2023
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
$1,145 / 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
$57,764
Tax year 2022
Assessed value
$6,333,800
Assessed 2022
Previous assessed
$6,333,800
+0.0% YoY
Effective rate
0.91%
On assessed value
Assessed land
$3,699,600
Assessed improvement
$2,634,200
Land market value
$3,699,600
Improvement market value
$2,634,200
Total market value
$6,333,800
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
1960
Construction
WOOD
Heating
FORCED AIR
Buildings
4
Stories
1
Total area
2,560 SF
Lot
1.16 ac (50,553 SF)
Zoning code
IG1 U/65
APN
046700-0475
UPID
US90-1327093
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
IG1 U/65 · Seattle, WA
Zoning IG1 U/65 · permitted uses
IG1 U/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.
Building & site characteristics
From public records
Year built
1960
Construction
WOOD
Heating
FORCED AIR
Stories
1
Buildings
4
Lot
1.16 ac
Current owner
From public records · entity-resolved
Mv Aurora LLC
Entity
Ownership since
2023
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
Oct 2, 2023
—
Mv Aurora LLC
Explorer Sm LLC
Quit Claim Deed
related
$2,700,000 · 1st Security Bank Of Washington
Apr 23, 2019
—
Explorer Sm LLC
—
Deed
related
$3,200,000 · Us Bk
Mar 14, 2019
—
Explorer Sm LLC
Esplorer Properties LLC
Quit Claim Deed
related
—
Dec 19, 2006
$2,925,000
Explorer Properties LLC
Feige,a H JR
Warranty Deed
—
Dec 6, 2006
—
A H Feige JR.
Feige Carol L
Quit Claim Deed
related
—
Mar 2, 1994
$180,000
Feige A H
Sagstad,alice J
Grant Deed
—
Jan 7, 1992
—
Sagstad Joint Venture
Sagstad,alice J(
Quit Claim Deed
related
—
—
—
Explorer Sm LLC
—
Deed Of Trust
related
$3,200,000 · Us Bk
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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