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Property profile & analytics
OFF-MARKET
Estimated value
$865,000
Turn key restaurants
5305 Rd 68 Pasco, WA 99301-9189
Individually Owned
18-yr Hold
~
Est. High Equity
Property ID
US90-1525014
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2006
Total area
6,111 SF
Lot
1.28 ac (55,757 SF)
APN
116130031
UPID
US90-1525014
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
-
Applebee's Grill + Bar Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$625k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.10M
Blend (final)
Blend
$865k
Owner & transaction history
James G Houser · 18 yrs held
James G Houser
since 2008
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+34.9%
Medical building
$835,000
+2.8%
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 Pasco submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pasco 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
$625,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$815,000
Current use
COMMERCIAL (GENERAL)
$1,100,000
Change: +35% · Conversion: Easy
MEDICAL BUILDING
$835,000
Change: +3% · Conversion: Difficult
AUTO REPAIR, GARAGE
$750,000
Change: -8% · Conversion: Difficult
RETAIL STORES
$680,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$865k
Range $779k – $952k · ±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
$142 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$20,958
Tax year 2021
Assessed value
$4,178,400
Assessed 2023
Previous assessed
$2,241,600
+86.4% YoY
Effective rate
0.50%
On assessed value
Assessed land
$2,234,000
Assessed improvement
$1,944,400
Land market value
$2,234,000
Improvement market value
$1,944,400
Total market value
$4,178,400
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
2006
Heating
CENTRAL
Cooling
AC.PACKAGE
Stories
1
Total area
6,111 SF
Lot
1.28 ac (55,757 SF)
APN
116130031
UPID
US90-1525014
Jurisdiction
FRANKLIN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$815,000
COMMERCIAL (GENERAL)
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$835,000
AUTO REPAIR, GARAGE
Est. value
$750,000
RETAIL STORES
Est. value
$680,000
RESTAURANT Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
2006
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.28 ac
Current owner
From public records · entity-resolved
James G Houser
Individual
Mailing address
5305 RD 68, PASCO, WA 99301-9189
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 11, 2019
—
James G Houser
—
Deed
related
$1,575,000 · Washington Trust Bank
Apr 9, 2018
—
James G Houser
—
Deed
related
$1,875,000 · Us Bk
Jun 26, 2014
—
Apple Washington II LLC
—
Loan Modification
related
$622,000,000 · Bank Of America
Jan 9, 2013
—
Apple Washington II LLC
—
Deed Of Trust
related
$488,386,996 · Bank Of America
Apr 4, 2008
$2,624,999
James G Houser
Rci Realty LLC
Warranty Deed
$1,825,000 · Us Bank NA
May 16, 2006
—
Rci Realty LLC
—
Deed Of Trust
related
$39,874,900 · Citicorp Leasing INC
Apr 21, 2006
$650,000
Rci Realty LLC
Eickmeyer,lee A
Warranty Deed
—
Mar 20, 2006
—
Lee A Eickmeyer
Eickmeyer,lynne M
Quit Claim Deed
related
—
—
—
James G Houser
—
Loan Modification
related
$1,875,000 · Us Bank NA
—
—
James G Houser
—
Loan Modification
related
$1,875,000 · 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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