Property profile

538 1st S Ave Seattle, WA 98104

OFF-MARKET
Turn key restaurants
Property ID
US90-0472173
3,725 SF 0.06 ac lot Built 1910
Entity Owned 16-yr Hold Free & Clear
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1910
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,725 SF
Lot 0.06 ac (2,625 SF)
Zoning code PSM-85-120
APN 766620-6850
UPID US90-0472173

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bar & Pub Restaurant

Location

538 1st S Ave Seattle, WA 98104-2804
Seattle metro Census 9300 SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$255k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

since 2010
1 recorded transaction
2010
$405,000

Zoning & alternative use

PSM-85-120 · Seattle, WA
Zoning description

Uses at street level in the area designated on Map B for 23.66.130 require the approval of the Department of Neighborhoods Director after review and recommendation by the Preservation Board. 2. Street level uses in the P…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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