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Property profile & analytics
OFF-MARKET
Estimated value
$1,405,000
Turn key restaurants
809 Fairview N Pl, Seattle, WA 98109-4452
Entity Owned
14-yr Hold
Free & Clear
Property ID
US90-1455189
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1985
Construction
WOOD
Total area
15,292 SF
Lot
3.54 ac (154,099 SF)
Zoning code
C2-40
APN
198320-0450
UPID
US90-1455189
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
-
Private Eye On Seattle Tours Tour Operator (Bike/Boat/Book/etc) Store
-
Crow's Nest Yachts Seattle (Bike/Boat/Book/etc) Store
-
WMS Financial Financial Advisor
-
Daniel's Broiler Restaurant
-
Apollonian Yachts (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.41M
Owner & transaction history
City Investors Xiv LLC · 14 yrs held
City Investors Xiv LLC
since 2012
6 recorded transactions
Zoning & alternative use
C2-40 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$92 / 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
$125,904
Tax year 2022
Assessed value
$14,448,500
Assessed 2022
Previous assessed
$14,448,500
+0.0% YoY
Effective rate
0.87%
On assessed value
Assessed land
$11,626,900
Assessed improvement
$2,821,600
Land market value
$11,626,900
Improvement market value
$2,821,600
Total market value
$14,448,500
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1985
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Total area
15,292 SF
Lot
3.54 ac (154,099 SF)
Zoning code
C2-40
APN
198320-0450
UPID
US90-1455189
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
C2-40 · Seattle, WA
Zoning C2-40 · permitted uses
C2-40 · 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
1985
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Lot
3.54 ac
Current owner
From public records · entity-resolved
City Investors Xiv LLC
Entity
Free & Clear · 14 yrs held
Mailing address
505 5TH AVE S STE #900, SEATTLE, WA 98104-3821
Ownership since
2012
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
Dec 27, 2022
—
City Investors Xiv LLC
—
Deed
related
$35,000,000 · Zb NA
May 11, 2012
—
City Investors Xiv LLC
City Investors Xiii LLC
Quit Claim Deed
—
Jul 14, 1999
$8,700,000
City Investors Xiii LLC
Yu,allan C
Grant Deed
—
Jul 8, 1996
—
Judy Yu
Yu,allan C
Quit Claim Deed
related
—
Dec 24, 1991
—
Henry Pier Partners
Yu,allan C
Quit Claim Deed
related
—
—
—
Allan C Yu
—
Deed Of Trust
related
$4,500,000 · Farmers Bank Of China
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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