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Property profile & analytics
OFF-MARKET
Estimated value
$435,000
Drive through restaurants
736 Mt Si Blvd North Bend, WA 98045-8990
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0871776
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1988
Construction
WOOD
Total area
3,473 SF
Lot
1.05 ac (45,738 SF)
Zoning code
IC
APN
789390-0041
UPID
US90-0871776
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
-
Burger King Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$315k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$435k
Owner & transaction history
Sichao Investment LLC · 12 yrs held
Sichao Investment LLC
since 2013
7 recorded transactions
Zoning & alternative use
IC · North Bend, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Interchange Commercial (IC) Interchange Mixed Use (IMU) Business Park (BP) Employment Park (EP) Parks, Open Space and Public Facilities (POSPF) (Ord. 1824 § 5 (App. B), 2024; Ord. 1576 § 1, 2016: Ord. 1325 § 1 (part), 2008: Ord. 1256 § 1 (part), 2006: Ord. 1020 (part), 1997). 18.10.020 Zoning districts - Purposes. In addition to general purposes of the zonin…
Zone name
Interchange Commercial
General category
COMMERCIAL
Zone area
121.64 ac
Source
North Bend Municipal Code
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 North Bend submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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
$315,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$435k
Range $392k – $479k · ±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
$125 / 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
$15,584
Tax year 2022
Assessed value
$1,813,700
Assessed 2022
Previous assessed
$1,813,700
+0.0% YoY
Effective rate
0.86%
On assessed value
Assessed land
$1,051,900
Assessed improvement
$761,800
Land market value
$1,051,900
Improvement market value
$761,800
Total market value
$1,813,700
Applied tax rate
1,925.0000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1988
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Total area
3,473 SF
Lot
1.05 ac (45,738 SF)
Zoning code
IC
APN
789390-0041
UPID
US90-0871776
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
IC · North Bend, WAZoning IC · permitted uses
IC · North Bend, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Interchange Commercial (IC) Interchange Mixed Use (IMU) Business Park (BP) Employment Park (EP) Parks, Open Space and Public Facilities (POSPF) (Ord. 1824 § 5 (App. B), 2024; Ord. 1576 § 1, 2016: Ord. 1325 § 1 (part), 2008: Ord. 1256 § 1 (part), 2006: Ord. 1020 (part), 1997). 18.10.020 Zoning districts - Purposes. In addition to general purposes of the zoning title outlined in NBMC 18.02.020, zoning districts have the following respective purposes in subsections A, B, C, D, E, and F of this section. Chapter 18.13 NBMC describes overlay districts that apply to specific areas. A. Purposes - LDR and CLDR Districts. 1. Provide for neighborhoods of predominately single-family structures buildings at a gross density of four dwelling units per acre for LDR, with an allowance for cottage housing developments within the LDR of up to eight units per acre under limited circumstances subject to the provisions of Chapter 18.11 NBMC, Cottage Ordinance 1854, Exhibit A North Bend Municipal Code
Zone name
Interchange Commercial
General category
COMMERCIAL
Zone area
121.64 ac
Source
North Bend Municipal Code
Building & site characteristics
From public records
Year built
1988
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Lot
1.05 ac
Current owner
From public records · entity-resolved
Sichao Investment LLC
Entity
Mailing address
9033 161ST PL NE #3103, REDMOND, WA 98052-7560
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 8, 2013
$2,235,000
Sichao Investment LLC
Aarrow Inspections LLC
Warranty Deed
—
Aug 21, 2012
—
Aarrow Inspections LLC
Jensen,lance & Christine
Quit Claim Deed
related
—
Jun 16, 1992
$305,000
Lance J Jensen
Jensen James R&j
Grant Deed
related
—
—
—
Aarrow Inspections LLC
—
Deed Of Trust
related
$1,038,884 · Opus Bank
—
—
Lance J Jensen
—
Deed Of Trust
related
$851,073 · Cascade Bank
—
—
Aarrow Inspections LLC
—
Deed Of Trust
related
$1,100,000 · Tapco Cu
—
—
Lance J Jensen
—
Deed Of Trust
related
$375,000 · Cascade Bank
—
—
Lance J Jensen
—
Deed Of Trust
related
$1,050,000 · Opus Bank
—
—
Lance J Jensen
—
Deed Of Trust
related
$200,000 · Frontier Bank
—
—
Lance J Jensen
—
Deed Of Trust
related
$720,000 · Issaquah Bank
—
—
Lance J Jensen
—
Deed Of Trust
related
$650,000 · Issaquah 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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