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Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Turn key restaurants
530 112th NE Ave Bellevue, WA 98004-5509
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-1521828
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,563 SF
Lot
0.87 ac (37,993 SF)
Zoning code
DT-OLB-C
APN
322505-9201
UPID
US90-1521828
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$605k
Owner & transaction history
Lpgs Bellevue LLC · 5 yrs held
Lpgs Bellevue LLC
since 2021
5 recorded transactions
Zoning & alternative use
DT-OLB-C · Bellevue, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the Downtown-OLB District is to provide an area for integrated complexes made up of office, residential, and hotel uses, with eating establishments and retail sales secondary to these primary uses
Zone name
Downtown Office And Limited Business District Central
General category
COMMERCIAL
Zone area
8.37 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
$109 / 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
$129,273
Tax year 2022
Assessed value
$18,282,100
Assessed 2022
Previous assessed
$18,282,100
+0.0% YoY
Effective rate
0.71%
On assessed value
Assessed land
$18,281,100
Assessed improvement
$1,000
Land market value
$18,281,100
Improvement market value
$1,000
Total market value
$18,282,100
Applied tax rate
330.0000
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
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
OTHER
Stories
1
Total area
5,563 SF
Lot
0.87 ac (37,993 SF)
Zoning code
DT-OLB-C
APN
322505-9201
UPID
US90-1521828
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
DT-OLB-C · Bellevue, WAZoning DT-OLB-C · permitted uses
DT-OLB-C · Bellevue, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the Downtown-OLB District is to provide an area for integrated complexes made up of office, residential, and hotel uses, with eating establishments and retail sales secondary to these primary uses
Zone name
Downtown Office And Limited Business District Central
General category
COMMERCIAL
Zone area
8.37 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
Yes
Stories
1
Lot
0.87 ac
Current owner
From public records · entity-resolved
Lpgs Bellevue LLC
Entity
Free & Clear · 5 yrs held
Mailing address
644 MENLO AVE NE STE #230, MENLO PARK, CA 94025-4745
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 2, 2021
—
Lpgs Bellevue LLC
Legacy Bellevue 530 LLC
Lease
—
Oct 1, 2008
—
State Of Wa Dept/transportation
Central Puget Sound Regional T
Quit Claim Deed
related
—
Dec 6, 2007
—
City Of Bellevue
Central Puget Sound Regional T
Quit Claim Deed
related
—
Apr 5, 2006
$4,850,000
Legacy Bellevue 530 LLC
Wrg Associates Five
Warranty Deed
—
Jul 25, 1994
—
Galt,john
Bellevue City
Trustees Deed
related
—
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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