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Property profile & analytics
OFF-MARKET
Estimated value
$995,000
Turn key restaurants
702 Robert Bush Dr, South Bend, WA 98586-9083
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US90-2883704
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2023
Total area
9,000 SF
Lot
0.28 ac (12,197 SF)
APN
71019032004
UPID
US90-2883704
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.05M
Blend (final)
Blend
$995k
Owner & transaction history
Yellow Deli South Bend LLC · 9 yrs held
Yellow Deli South Bend LLC
since 2016
6 recorded transactions
Zoning & alternative use
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 South Bend submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Bend 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,470,000
Current use
RETAIL STORES
$1,420,000
Change: -3% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,320,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$995k
Range $896k – $1.09M · ±10%
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
$111 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$5,424
Tax year 2024
Assessed value
$674,600
Assessed 2024
Previous assessed
$674,600
+0.0% YoY
Effective rate
0.80%
On assessed value
Assessed land
$87,500
Assessed improvement
$587,100
Land market value
$87,500
Improvement market value
$587,100
Total market value
$674,600
Applied tax rate
47.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
2023
Heating
NONE
Total area
9,000 SF
Lot
0.28 ac (12,197 SF)
APN
71019032004
UPID
US90-2883704
Jurisdiction
PACIFIC
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$1.5M
RETAIL STORES
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.3M
RESTAURANT Current
RETAIL STORES
COMMERCIAL (GENERAL)
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
2023
Heating
NONE
Lot
0.28 ac
Current owner
From public records · entity-resolved
Yellow Deli South Bend LLC
Entity
Mailing address
PO BOX 151, RAYMOND, WA 98577-0151
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 11, 2016
$107,444
Yellow Deli South Bend LLC
Avelar,adalberto & Lucia
Warranty Deed
$106,250 · Adalberto & Lucia Avelar
Jun 10, 2013
$159,632
Avelar,adalberto & Lucia
Ammons Darrel S
Trustees Deed
related
—
Oct 1, 2010
$145,000
Rodriguez,jorge A
Avelar,adalberto & Lucia
Warranty Deed
$145,000 · Adalberto & Lucia Avelar
Dec 26, 2007
$125,000
Avelar,adalberto & Lucia
Scrim,robert W
Warranty Deed
$100,000 · Robert W Scrim
Dec 13, 2007
—
Scrim,robert W
Harbor Grille LLC
Quit Claim Deed
related
—
Oct 29, 2004
$96,000
Harbor Grille LLC
Owner Name Unavailable
Grant Deed
related
—
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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