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Property profile & analytics
OFF-MARKET
Turn key restaurants
6519 4th S Ave, Seattle, WA 98108-3259
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US90-0696151
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1938
Construction
WOOD
Total area
3,916 SF
Lot
0.13 ac (5,624 SF)
Zoning code
IG2 U/85
APN
536720-2135
UPID
US90-0696151
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
-
Mikou Teriyaki Restaurant
-
SAIGON PHO & BANH MI 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
by Request
Owner & transaction history
Jrc Station LLC · 10 yrs held
Jrc Station LLC
since 2016
7 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
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
$6,554
Tax year 2022
Assessed value
$674,600
Assessed 2022
Previous assessed
$674,600
+0.0% YoY
Effective rate
0.97%
On assessed value
Assessed land
$281,200
Assessed improvement
$393,400
Land market value
$281,200
Improvement market value
$393,400
Total market value
$674,600
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1938
Construction
WOOD
Heating
OTHER
Cooling
OTHER
Stories
1
Total area
3,916 SF
Lot
0.13 ac (5,624 SF)
Zoning code
IG2 U/85
APN
536720-2135
UPID
US90-0696151
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
1938
Construction
WOOD
Heating
OTHER
Cooling
Yes
Stories
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
Jrc Station LLC
Entity
Mailing address
6519 4TH AVE S, SEATTLE, WA 98108-3259
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 30, 2016
$1,500,000
Jrc Station LLC
Kajo INC
Warranty Deed
$1,575,000 · Pacific City Bank
Apr 24, 2012
$1,300,000
Kajo INC
Cho,sook H
Warranty Deed
$1,495,000 · Hanmi Bank
Nov 30, 2007
$1,155,000
Sook H Cho
Cjs INC
Warranty Deed
$1,341,000 · Fortune Bank
Sep 13, 2006
$920,000
Cjs INC
Kim,young J
Warranty Deed
$952,000 · Centerbank
Feb 12, 2004
$640,000
Yopung J Kim
Kim,young J & Jung I
Grant Deed
related
$660,000 · Wilshire State Bank
Sep 18, 2002
$608,000
Young J Kim
Hwang,moon S & Jung J
Grant Deed
$508,000 · Wilshire State Bank
—
—
Kajo INC
—
Deed Of Trust
related
—
—
—
Moon S Hwang
—
Deed Of Trust
related
$230,000 · Wilshire State 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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