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Property profile & analytics
OFF-MARKET
Estimated value
$1,535,000
Grocery and convenience stores
7500 Martin Luther King Jr S Way, Seattle, WA 98118-3735
Entity Owned
3-yr Hold
Free & Clear
Property ID
US90-1634240
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1967
Construction
STEEL FRAME
Total area
1,450 SF
Lot
0.31 ac (13,634 SF)
Zoning code
NC2-55 (M)
APN
390410-0260
UPID
US90-1634240
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
-
ATM (Jim's Market & Gas) Grocery & Convenience Store Food Market
-
Shell Gas Station
-
Jim's Market & Gas Grocery & Convenience Store
-
Bitcoin Depot | Bitcoin ATM Crypto Atm Atm
-
Taqueria sotelo Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.36M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.54M
Owner & transaction history
Sin Thind Enterprise LLC · 3 yrs held
Sin Thind Enterprise LLC
since 2023
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
NC2-55 (M) · 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
Method
Estimation
Statistic approach
$1,380,000
ML approach
$1,355,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.54M
Range $1.38M – $1.69M · ±10% · vs last sale $1.70M (Jul 21 2022)
Last sale anchor
$1.70M
Jul 21 2022
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
$1,059 / 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
$16,837
Tax year 2022
Assessed value
$1,755,400
Assessed 2022
Previous assessed
$1,755,400
+0.0% YoY
Effective rate
0.96%
On assessed value
Assessed land
$1,227,000
Assessed improvement
$528,400
Land market value
$1,227,000
Improvement market value
$528,400
Total market value
$1,755,400
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1967
Construction
STEEL FRAME
Heating
GAS
Cooling
AC.PACKAGE
Stories
1
Total area
1,450 SF
Lot
0.31 ac (13,634 SF)
Zoning code
NC2-55 (M)
APN
390410-0260
UPID
US90-1634240
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC2-55 (M) · Seattle, WA
Zoning NC2-55 (M) · permitted uses
NC2-55 (M) · 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
1967
Construction
STEEL FRAME
Heating
GAS
Cooling
Yes
Stories
1
Lot
0.31 ac
Current owner
From public records · entity-resolved
Sin Thind Enterprise LLC
Entity
Free & Clear · 3 yrs held
Mailing address
7500 MARTIN LUTHER KING JR WAY S SEATTLE
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2023
$2,100,000
Sin Thind Enterprise LLC
Mlk Oil LLC
Re-recorded Document
related
—
Aug 23, 2022
—
Sjn Thind Enterprise LLC
—
Deed
related
—
Jul 21, 2022
$1,700,000
Sjn Thind Enterprise LLC
Mlk Oil LLC
Warranty Deed
—
Oct 28, 2021
—
Mlk Oil LLC
—
Deed
related
$345,000 · Christensen Financial INC
Sep 14, 2020
—
Mlk Oil LLC
Sea-ko INC
Deed In Lieu Of Foreclosure
related
—
Mar 9, 2017
—
Sea-ko INC
Suh Family Retirement INC
Quit Claim Deed
related
—
Jul 9, 2015
—
Suh Family Retirement INC
Sea Ko INC
Quit Claim Deed
related
—
Aug 21, 2002
$1,750,000
Sea-ko INC
Kim,jin S
Grant Deed
$1,714,338 · City Bank
Jul 14, 2000
$1,500,000
Kim,jin S
Lee,james Y & Sook Y
Trustees Deed
$1,500,000 · Us Bank NA
Jul 14, 2000
—
Jin S Kim
Kim,yeun T
Quit Claim Deed
related
—
Feb 22, 1995
$195,000
James Y Lee
Lu,chung M & Yu C
Grant Deed
$180,000 · Seller
—
—
Sea-ko INC
—
Deed Of Trust
related
$1,330,000 · Wilshire State Bank
—
—
James Y Lee
—
Deed Of Trust
related
$570,000 · City Bank
—
—
Sea-ko INC
—
Deed Of Trust
related
$400,000 · Korea Exchange Bank
—
—
Sea-ko INC
—
Deed Of Trust
related
$123,717 · O D Snider & Sons INC
—
—
Sea-ko INC
—
Deed Of Trust
related
$1,750,000 · Keb La Financial Corp
—
—
James Y Lee
—
Deed Of Trust
related
$570,000 · City 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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