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Property profile & analytics
OFF-MARKET
Estimated value
$1,360,000
Turn key restaurants
609 Weller St Seattle, WA 98104-2924
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US90-0853584
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
28,800 SF
Lot
0.17 ac (7,200 SF)
Zoning code
IDM 85/85-170
APN
524780-1830
UPID
US90-0853584
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
-
Ocean City Restaurant & Night Restaurant
-
Happy Lamb Hot Pot, Seattle Restaurant
-
Happy Lamb Restaurant
-
Bellwether BBQ&Grill 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
$1.36M
Owner & transaction history
Golden Property Seattle LLC · 7 yrs held
Golden Property Seattle LLC
since 2019
7 recorded transactions
Zoning & alternative use
IDM 85/85-170 · 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
$47 / 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
$42,243
Tax year 2022
Assessed value
$5,033,800
Assessed 2022
Previous assessed
$5,033,800
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$2,592,000
Assessed improvement
$2,441,800
Land market value
$2,592,000
Improvement market value
$2,441,800
Total market value
$5,033,800
Applied tax rate
11.0000
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
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
OTHER
Stories
2
Total area
28,800 SF
Lot
0.17 ac (7,200 SF)
Zoning code
IDM 85/85-170
APN
524780-1830
UPID
US90-0853584
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
IDM 85/85-170 · Seattle, WA
Zoning IDM 85/85-170 · permitted uses
IDM 85/85-170 · 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
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
Yes
Stories
2
Lot
0.17 ac
Current owner
From public records · entity-resolved
Golden Property Seattle LLC
Entity
Mailing address
10650 NE 9TH PL UNIT #2120, BELLEVUE, WA 98004-5078
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2019
$8,100,000
Golden Property Seattle LLC
Ocean City Investments INC
Warranty Deed
—
Dec 4, 2018
—
Ocean City Investments INC
—
Deed
related
$1,700,000 · East West Bk
Jun 28, 2016
—
Ocean City Investments INC
—
Deed
related
—
—
—
Ocean City Investments INC
—
Loan Modification
related
$1,700,000 · East West Bk
—
—
Ocean City Investments INC
—
Loan Modification
related
—
—
—
Ocean City Investments INC
—
Deed Of Trust
related
$975,569 · Key Bank NA
—
—
Ocean City Investments INC
—
Deed Of Trust
related
$1,700,000 · Cathay 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
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