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Property profile & analytics
OFF-MARKET
Retail space
6007 Martin Luther King Jr S Way Seattle, WA 98118-3141
Individually Owned
20-yr Hold
~
Est. High Equity
Property ID
US90-1773382
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1966
Construction
STEEL FRAME
Total area
992 SF
Lot
0.73 ac (31,641 SF)
Zoning code
NC2-75 (M)
APN
222404-9026
UPID
US90-1773382
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
-
Farmers Insurance - Canhtan Ta Insurance Agency
-
Seattle Interpretation Services Inc Translation Service
-
polish you pretty Nail Salon Nail Salon
-
Tweety's Twists Braiding Boutique Hair Salon Nail Salon
-
Diva Lash & Brow Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Va Hong Sam · 20 yrs held
Va Hong Sam
since 2006
3 recorded transactions
Zoning & alternative use
NC2-75 (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
—
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
$49,654
Tax year 2022
Assessed value
$5,379,900
Assessed 2022
Previous assessed
$5,379,900
+0.0% YoY
Effective rate
0.92%
On assessed value
Assessed land
$5,378,900
Assessed improvement
$1,000
Land market value
$5,378,900
Improvement market value
$1,000
Total market value
$5,379,900
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1966
Construction
STEEL FRAME
Heating
NONE
Buildings
4
Stories
1
Total area
992 SF
Lot
0.73 ac (31,641 SF)
Zoning code
NC2-75 (M)
APN
222404-9026
UPID
US90-1773382
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC2-75 (M) · Seattle, WA
Zoning NC2-75 (M) · permitted uses
NC2-75 (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
1966
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
4
Lot
0.73 ac
Current owner
From public records · entity-resolved
Va Hong Sam
Individual
Mailing address
6007 MARTIN LUTHER KING JR WAY S, SEATTLE, WA 98118-3141
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 17, 2006
$1,200,000
Va Hong Sam
Porterfield Development LLC
Warranty Deed
$597,700 · Us Bank NA
Mar 2, 2004
—
Central Puget Sound Regional
Porterfield Development LLC
Grant Deed
related
—
May 23, 1989
$45,000
James Matsuoka
Security
Grant Deed
—
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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