New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,280,000
Turn key restaurants
5800 4th S Ave, Seattle, WA 98108-3206
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US90-1408628
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1946
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,250 SF
Lot
0.8 ac (35,056 SF)
Zoning code
C1-75 (M)
APN
273810-0255
UPID
US90-1408628
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
-
Kittens Cabaret Nightclub DJ & Entertainment
-
Amazon High School
-
HamProductions Media Distribution
-
The Dog House Bar and Grill Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.28M
Owner & transaction history
Mrae LLC · 13 yrs held
Mrae LLC
since 2013
7 recorded transactions
Zoning & alternative use
C1-75 (M) · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$125 / 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
$43,625
Tax year 2022
Assessed value
$4,558,200
Assessed 2022
Previous assessed
$4,558,200
+0.0% YoY
Effective rate
0.96%
On assessed value
Assessed land
$4,557,200
Assessed improvement
$1,000
Land market value
$4,557,200
Improvement market value
$1,000
Total market value
$4,558,200
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
1946
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
OTHER
Stories
1
Total area
10,250 SF
Lot
0.8 ac (35,056 SF)
Zoning code
C1-75 (M)
APN
273810-0255
UPID
US90-1408628
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
C1-75 (M) · Seattle, WA
Zoning C1-75 (M) · permitted uses
C1-75 (M) · 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
1946
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
Yes
Stories
1
Lot
0.8 ac
Current owner
From public records · entity-resolved
Mrae LLC
Entity
Mailing address
PO BOX 81247, SEATTLE, WA 98108-1247
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 4, 2013
$1,500,000
Mrae LLC
5800 4th Avenue South LLC
Warranty Deed
—
Nov 6, 2012
—
5800 4th Avenue South LLC
Hanauer,adrian
Warranty Deed
—
Apr 9, 2007
$2,100,000
Adrian Hanauer
5800 4th Ave S Land Trust
Warranty Deed
—
Apr 26, 2006
—
Kilburn Kumi Tr
Kettells Corner INC
Warranty Deed
—
—
—
Kettells Corner INC
—
Deed Of Trust
related
$118,953 · Us Equipment & Marine LLC
—
—
Mrae LLC
—
Deed Of Trust
related
$300,000 · Paul Elis
—
—
5800 4th Ave S Land Trust
—
Deed Of Trust
related
$1,450,000 · E Miles Kilburn
—
—
Kettells Corner INC
—
Deed Of Trust
related
$393,261 · Michael R Mastro
—
—
Kettells Corner INC
—
Deed Of Trust
related
$151,000 · Us Bank Of Washington
—
—
Kettles Corner INC
—
Deed Of Trust
related
$450,000 · Us Bank
—
—
Kettells Corner INC
—
Deed Of Trust
related
$466,163 · Us Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 5800 4th S Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
