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Property profile & analytics
OFF-MARKET
Estimated value
$965,000
Grocery and convenience stores
805 112th St Seattle, WA 98168-2183
Entity Owned
3-yr Hold
Free & Clear
Property ID
US90-0695300
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,825 SF
Lot
1.01 ac (43,987 SF)
Zoning code
CN
APN
336140-0006
UPID
US90-0695300
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
-
Cemitas Poblanas Restaurant
-
Buxx Teriyaki Restaurant
-
Chevron Auto Repair Shop
-
EM Dryer Vent Cleaning Hardware & Home Improvement HVAC Service
-
La Garrafita Antojitos Grocery & Convenience Store Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$774k
Blend (final)
Blend
$965k
Owner & transaction history
Syk Enterprises LLC · 3 yrs held
Syk Enterprises LLC
since 2022
7 recorded transactions
Zoning & alternative use
CN · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Municipal Code
Top alternative use upside
Commercial (general)
$980,000
+133.2%
Auto repair, garage
$980,000
+132.9%
Retail stores
$810,000
+92.6%
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
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
COMMERCIAL (GENERAL)
$980,000
Change: +133% · Conversion: Easy
AUTO REPAIR, GARAGE
$980,000
Change: +133% · Conversion: Difficult
RETAIL STORES
$810,000
Change: +93% · Conversion: Easy
OFFICE BUILDING
$715,000
Change: +70% · Conversion: Moderate
RESTAURANT
$690,000
Change: +64% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$645,000
Change: +53% · Conversion: Difficult
Blend value · Realmo final
$965k
Range $869k – $1.06M · ±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
$141 / 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
$22,021
Tax year 2022
Assessed value
$1,861,300
Assessed 2022
Previous assessed
$1,861,300
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$604,800
Assessed improvement
$1,256,500
Land market value
$604,800
Improvement market value
$1,256,500
Total market value
$1,861,300
Applied tax rate
961.0000
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
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Total area
6,825 SF
Lot
1.01 ac (43,987 SF)
Zoning code
CN
APN
336140-0006
UPID
US90-0695300
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CN · Seattle, WAZoning CN · permitted uses
CN · Seattle, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Municipal Code
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$980,000
AUTO REPAIR, GARAGE
Est. value
$980,000
RETAIL STORES
Est. value
$810,000
OFFICE BUILDING
Est. value
$715,000
RESTAURANT
Est. value
$690,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$645,000
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Lot
1.01 ac
Current owner
From public records · entity-resolved
Syk Enterprises LLC
Entity
Free & Clear · 3 yrs held
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2022
—
Syk Enterprises LLC
Soyong Morton
Quit Claim Deed
related
—
Nov 3, 1992
—
Tae Hong Woo
Moore,robert G&s
Quit Claim Deed
related
—
—
—
So Y Moore
—
Deed Of Trust
related
$333,645 · Frontier Bank
—
—
So Y Moore
—
Deed Of Trust
related
$639,737 · Frontier Bank
—
—
So Y Moore
—
Deed Of Trust
related
$54,210 · Frontier Bank
—
—
So Y Moore
—
Deed Of Trust
related
$50,000 · Us Bank
—
—
So Y Moore
—
Deed Of Trust
related
$725,000 · Us Bank Of Washington
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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