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Property profile & analytics
OFF-MARKET
Estimated value
$4,700,000
Drive through restaurants
5903 1st S Ave, Seattle, WA 98108-3227
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-1040183
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1997
Construction
WOOD
Total area
2,560 SF
Lot
0.9 ac (39,365 SF)
Zoning code
IG2 U/85
APN
192404-9078
UPID
US90-1040183
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
-
Jack in the Box Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.25M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.70M
Owner & transaction history
Jack In The Box Properties LLC · 3 yrs held
Jack In The Box Properties LLC
since 2022
Last sale
$5.2M
6 recorded transactions
Zoning & alternative use
IG2 U/85 · 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
Method
Estimation
Statistic approach
$4,205,000
ML approach
$4,245,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.70M
Range $4.23M – $5.17M · ±10% · vs last sale $5.18M (Sep 20 2022)
Last sale anchor
$5.18M
Sep 20 2022
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
$1,836 / 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
$22,220
Tax year 2022
Assessed value
$1,969,200
Assessed 2022
Previous assessed
$1,969,200
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$1,968,200
Assessed improvement
$1,000
Land market value
$1,968,200
Improvement market value
$1,000
Total market value
$1,969,200
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1997
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Total area
2,560 SF
Lot
0.9 ac (39,365 SF)
Zoning code
IG2 U/85
APN
192404-9078
UPID
US90-1040183
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
IG2 U/85 · Seattle, WA
Zoning IG2 U/85 · permitted uses
IG2 U/85 · 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
1997
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Lot
0.9 ac
Current owner
From public records · entity-resolved
Jack In The Box Properties LLC
Entity
Mailing address
9357 SPECTRUM CTR BLVD SAN DIEGO, DIEGO
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 28, 2022
—
Jack In The Box Properties LLC
Kiyo LLC
Re-recorded Document
related
—
Sep 20, 2022
—
Jack In The Box Properties LLC
Kiyo LLC
Lease
—
Sep 20, 2022
$5,175,000
Kiyo LLC
Jack In The Box Properties LLC
Special Warranty Deed
—
Mar 8, 2021
$4,925,000
Jack In The Box Properties LLC
Ott Real Estate INC
Warranty Deed
—
Aug 30, 1994
—
Ott Real Estate INC
Ott Trust
Quit Claim Deed
related
—
—
—
Ott Real Estate INC
—
Deed Of Trust
related
$602,715 · Frontier 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.
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