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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
5157 Lakemont SE Blvd Bellevue, WA 98006-6655
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US90-1630355
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2001
Construction
WOOD
Total area
960 SF
Lot
1.65 ac (71,717 SF)
Zoning code
GC
APN
413941-0230
UPID
US90-1630355
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
-
Lakemont Car Wash Car Wash
-
Young Style Pet Beauty and Spa Pet Grooming Service
-
Y13 Roofing-Service-Roof-Replacement-INC Roofing Company General Contractor
-
76 Car Wash
-
Express Garage Door Repair Service - New Garage Doors Install - Spring & Opener Replacement Corporate Office
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
Lkg LLC · 10 yrs held
Lkg LLC
since 2016
7 recorded transactions
Zoning & alternative use
GC · Bellevue, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
General Commercial is a mixed retail and commercial designation that provides for the location of a wide variety of business activities that provide goods and services to other businesses and the general public.
Zone name
General Commercial
General category
COMMERCIAL
Zone area
64.91 ac
Source
Realmo
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 Bellevue submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bellevue 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 2022Property tax & assessments
Tax year 2022
Tax billed
$24,647
Tax year 2022
Assessed value
$3,160,000
Assessed 2022
Previous assessed
$3,160,000
+0.0% YoY
Effective rate
0.78%
On assessed value
Assessed land
$2,294,900
Assessed improvement
$865,100
Land market value
$2,294,900
Improvement market value
$865,100
Total market value
$3,160,000
Applied tax rate
390.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2001
Construction
WOOD
Heating
HEAT PUMP
Buildings
3
Stories
1
Total area
960 SF
Lot
1.65 ac (71,717 SF)
Zoning code
GC
APN
413941-0230
UPID
US90-1630355
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
GC · Bellevue, WAZoning GC · permitted uses
GC · Bellevue, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
General Commercial is a mixed retail and commercial designation that provides for the location of a wide variety of business activities that provide goods and services to other businesses and the general public.
Zone name
General Commercial
General category
COMMERCIAL
Zone area
64.91 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2001
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Buildings
3
Lot
1.65 ac
Current owner
From public records · entity-resolved
Lkg LLC
Entity
Mailing address
5157 LAKEMONT BLVD SE, BELLEVUE, WA 98006-6655
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 15, 2024
—
Lkg LLC
—
Deed
related
$1,600,000 · Phillips 66 Company
Jan 10, 2022
—
Lkg LLC
—
Deed
related
$125,000 · Phillips 66 Canpany
Sep 25, 2020
—
Lkg LLC
—
Deed
related
$2,700,000 · Banner Bank
Feb 28, 2018
—
Lkg LLC
—
Deed
related
$523,697 · Phillips 66 Co
Jun 3, 2016
$3,400,000
Lkg LLC
Trimark Xvii LLC
Warranty Deed
$2,862,500 · Mountain Pacific Bank
May 4, 2011
$1,930,000
Trimark Xvii LLC
Ld Lakemont LLC
Warranty Deed
$2,080,000 · Wells Fargo Bank NA
Jan 26, 2007
—
Leslie G Inaba
—
Trustees Deed
related
—
May 17, 2000
$700,000
Ld Lakemont LLC
Heimbigner,cameron E & Kristin B
Grant Deed
$950,000 · Seller
Jan 28, 1997
$530,000
Cameron E Heimbigner
Balfive Lakemont LP
Grant Deed
—
Jan 7, 1994
—
Investors Pool 9a Ltd Ptshp
Newcastle Dev Co
Quit Claim Deed
related
—
—
—
Trimark Xvii LLC
—
Deed Of Trust
related
$500,000 · Conocophillips Co
—
—
Lkg LLC
—
Deed Of Trust
related
$523,697 · Phillips 66 Co
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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