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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
6056 Martin Luther King Jr S Way, Seattle, WA 98118-3142
Entity Owned
34-yr Hold
~
Est. High Equity
Property ID
US90-1634762
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1970
Construction
STEEL FRAME
Total area
1,736 SF
Lot
0.33 ac (14,544 SF)
Zoning code
NC2-75 (M)
APN
811310-0322
UPID
US90-1634762
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
-
Krispy Krunchy Chicken Restaurant
-
Chevron Gas Station
-
ATM (King BP Services) Atm Cars
-
Circle K Grocery & Convenience Store
-
Coinsource Bitcoin ATM Atm
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
Bp Exploration & Oil INC · 34 yrs held
Bp Exploration & Oil INC
since 1992
4 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
$26,200
Tax year 2022
Assessed value
$2,887,500
Assessed 2022
Previous assessed
$2,887,500
+0.0% YoY
Effective rate
0.91%
On assessed value
Assessed land
$2,472,400
Assessed improvement
$415,100
Land market value
$2,472,400
Improvement market value
$415,100
Total market value
$2,887,500
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1970
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Total area
1,736 SF
Lot
0.33 ac (14,544 SF)
Zoning code
NC2-75 (M)
APN
811310-0322
UPID
US90-1634762
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
1970
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Lot
0.33 ac
Current owner
From public records · entity-resolved
Bp Exploration & Oil INC
Entity
Mailing address
6056 MARTIN LUTHER KING JR WAY S, SEATTLE, WA 98118-3142
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1992
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 26, 2022
—
Guru INC
—
Deed
related
$1,572,700 · United States Small Business Admin
Apr 15, 1992
$345,000
Bp Exploration & Oil INC
Exxon Corporatio
Grant Deed
—
—
—
King Unocal 76
—
Deed Of Trust
related
$100,000 · Seattle Economic Dev Fund
—
—
Guru INC
—
Deed Of Trust
related
$760,000 · Key Bank NA
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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