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Property profile & analytics
OFF-MARKET
Estimated value
$1,835,000
Turn key restaurants
6312 Bothell Way Kenmore, WA 98028-8943
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-1080531
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2002
Construction
WOOD
Total area
4,506 SF
Lot
0.16 ac (6,765 SF)
Zoning code
UC
APN
618170-0127
UPID
US90-1080531
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.91M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.93M
Blend (final)
Blend
$1.84M
Owner & transaction history
Chetek It Out LLC · 6 yrs held
Chetek It Out LLC
since 2020
Last sale
$1.7M
6 recorded transactions
Zoning & alternative use
UC · Kenmore, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
nters are promoted along SR-522, particularly in the northwest quadrant of the 68th Avenue NE/SR-522 intersection. ( Ord. 11-0329 , § 3 (Exh. 1) ) § 18.15.067 Urban corridor zone. The purpose of the urban corridor zone (UC) is to convert SR-522 from a commercial strip, focused on the automobile, to a more pedestrian-and transit-friendly urban corridor. West…
Zone name
Urban Corridor
General category
COMMERCIAL
Zone area
26.82 ac
Top alternative use upside
Office building
$2.7M
+13.8%
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 Kenmore submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kenmore 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
$1,935,000
ML approach
$1,910,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,390,000
Current use
OFFICE BUILDING
$2,720,000
Change: +14% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,070,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$1.84M
Range $1.65M – $2.02M · ±10% · vs last sale $1.70M (Jan 17 2020)
Last sale anchor
$1.70M
Jan 17 2020
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
$407 / 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
$10,531
Tax year 2022
Assessed value
$1,121,100
Assessed 2022
Previous assessed
$1,121,100
+0.0% YoY
Effective rate
0.94%
On assessed value
Assessed land
$277,300
Assessed improvement
$843,800
Land market value
$277,300
Improvement market value
$843,800
Total market value
$1,121,100
Applied tax rate
1,442.0000
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
2002
Construction
WOOD
Heating
FORCED AIR
Stories
2
Total area
4,506 SF
Lot
0.16 ac (6,765 SF)
Zoning code
UC
APN
618170-0127
UPID
US90-1080531
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
UC · Kenmore, WAZoning UC · permitted uses
UC · Kenmore, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
nters are promoted along SR-522, particularly in the northwest quadrant of the 68th Avenue NE/SR-522 intersection. ( Ord. 11-0329 , § 3 (Exh. 1) ) § 18.15.067 Urban corridor zone. The purpose of the urban corridor zone (UC) is to convert SR-522 from a commercial strip, focused on the automobile, to a more pedestrian-and transit-friendly urban corridor. West of down-town, the north side of the highway would continue to be a mix of restaura
Zone name
Urban Corridor
General category
COMMERCIAL
Zone area
26.82 ac
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$2.4M
OFFICE BUILDING
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$2.1M
RESTAURANT Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2002
Construction
WOOD
Heating
FORCED AIR
Stories
2
Lot
0.16 ac
Current owner
From public records · entity-resolved
Chetek It Out LLC
Entity
Mailing address
30 MT QUAY DR NW, ISSAQUAH, WA 98027-3000
Ownership since
2020
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
Apr 12, 2023
—
Chetek It Out LLC
—
Deed
related
$1,425,000 · Heritage Bank
Jan 17, 2020
$1,700,000
Chetek It Out LLC
Sheng Wang Yu
Warranty Deed
$100,000 · Wells Fargo Bank NA
Sep 15, 2003
—
Yu S Wang
—
Trustees Deed
related
$50,000 · Pacific Bank NA
May 9, 1997
$420,000
Yu S Wang
Lu,yu C
Grant Deed
$341,000 · Seller
Dec 24, 1991
—
Fu San Co INC
Lu,chung-ming&lu
Quit Claim Deed
related
—
—
—
Yu S Wang
—
Deed Of Trust
related
$850,000 · United Commercial 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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