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Property profile & analytics
OFF-MARKET
Estimated value
$970,000
Turn key restaurants
7607 204th NE St Arlington, WA 98223-8996
Entity Owned
5-yr Hold
Free & Clear
Property ID
US90-0936729
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1997
Construction
CONCRETE
Total area
6,121 SF
Lot
1.6 ac (69,696 SF)
Zoning code
GC
APN
847300000500
UPID
US90-0936729
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
by Request
Blend (final)
Blend
$970k
Owner & transaction history
City Of Arlington · 5 yrs held
City Of Arlington
since 2021
4 recorded transactions
Zoning & alternative use
GC · Arlington, 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 Arlington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Arlington 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
$158 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$24,366
Tax year 2023
Assessed value
$3,157,200
Assessed 2023
Previous assessed
$2,847,400
+10.9% YoY
Effective rate
0.77%
On assessed value
Assessed land
$728,000
Assessed improvement
$2,429,200
Land market value
$728,000
Improvement market value
$2,429,200
Total market value
$3,157,200
Applied tax rate
110.0000
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
1997
Construction
CONCRETE
Heating
YES
Cooling
NONE
Stories
1
Total area
6,121 SF
Lot
1.6 ac (69,696 SF)
Zoning code
GC
APN
847300000500
UPID
US90-0936729
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
GC · Arlington, WA
Zoning GC · permitted uses
GC · Arlington, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Arlington. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1997
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Lot
1.6 ac
Current owner
From public records · entity-resolved
City Of Arlington
Entity
Free & Clear · 5 yrs held
Mailing address
4701 PARKVIEW LN, MOUNT VERNON, WA 98274-8765
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 27, 2021
—
City Of Arlington
Mcdonald S Corporation
Warranty Deed
—
Jan 25, 2006
$400,000
Syb Holding Co INC
Jmj Investments INC
Grant Deed
$1,460,000 · Horizon Bank
—
—
Jch Investment INC
—
Deed Of Trust
related
$522,000 · Hanmi Bank
—
—
Jmj Investments INC
—
Deed Of Trust
related
$750,000 · Golden Managers Acceptance Co
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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