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Property profile & analytics
OFF-MARKET
Estimated value
$4,620,000
Grocery and convenience stores
8400 35th NE Ave, Seattle, WA 98115-4819
Entity Owned
30-yr Hold
~
Est. High Equity
Property ID
US90-1650349
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
16,324 SF
Lot
2.08 ac (90,600 SF)
Zoning code
NC2P-55 (M)
APN
032504-9157
UPID
US90-1650349
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
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Coinme at Coinstar - Bitcoin Kiosk Shopping Center & Mall (Bike/Boat/Book/etc) Store
-
Discount TopLot Discount Store
-
VANGE INKS TATTOO STUDIO Gym & Fitness Center
-
Wedgwood Car Show Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.40M
Comparable Approach
Comparable
$4.23M
Blend (final)
Blend
$4.62M
Owner & transaction history
Wedgwood Center Co LLC · 30 yrs held
Wedgwood Center Co LLC
since 1995
7 recorded transactions
Zoning & alternative use
NC2P-55 (M) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$6.7M
+1.6%
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%
$5,850,000
6.5%
$5,400,000
7%
$5,015,000
Alternative Use
Use
Estimation
RETAIL STORES
$6,610,000
Current use
AUTO REPAIR, GARAGE
$6,715,000
Change: +2% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,790,000
Change: -12% · Conversion: Difficult
OFFICE BUILDING
$5,770,000
Change: -13% · Conversion: Easy
MEDICAL BUILDING
$5,615,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$4.62M
Range $4.16M – $5.08M · ±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
$283 / 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
$176,701
Tax year 2022
Assessed value
$19,661,200
Assessed 2022
Previous assessed
$19,661,200
+0.0% YoY
Effective rate
0.90%
On assessed value
Assessed land
$19,660,200
Assessed improvement
$1,000
Land market value
$19,660,200
Improvement market value
$1,000
Total market value
$19,661,200
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
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
GAS
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
16,324 SF
Lot
2.08 ac (90,600 SF)
Zoning code
NC2P-55 (M)
APN
032504-9157
UPID
US90-1650349
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC2P-55 (M) · Seattle, WA
Zoning NC2P-55 (M) · permitted uses
NC2P-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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$6.6M
AUTO REPAIR, GARAGE
Est. value
$6.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.8M
OFFICE BUILDING
Est. value
$5.8M
MEDICAL BUILDING
Est. value
$5.6M
RETAIL STORES Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
MEDICAL BUILDING
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
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
GAS
Cooling
Yes
Stories
1
Buildings
2
Lot
2.08 ac
Current owner
From public records · entity-resolved
Wedgwood Center Co LLC
Entity
Mailing address
16310 NE 80TH ST STE #100, REDMOND, WA 98052-3861
Ownership since
1995
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
Sep 26, 2017
—
Wedgwood Center Co LLC
—
Deed
related
$4,000,000 · Northern Tr
Jun 27, 2014
—
Wedgwood Center Co LLC
—
Grant Deed
related
$4,000,000 · Northern Tr
Oct 13, 1995
—
Wedgwood Center Co LLC
Williams,western C & Colleen B
Quit Claim Deed
related
—
May 17, 1995
—
Western C Williams
Wedgewood Center Co
Grant Deed
related
—
—
—
Wedgewood Center Co LLC
—
Deed Of Trust
related
$2,700,000 · Cuna Mutual Life Insurance Co
—
—
Wedgwood Center Co LLC
—
Deed Of Trust
related
$4,000,000 · Northern Tr
—
—
Wedgwood Center Co LLC
—
Deed Of Trust
related
$350,000 · Key 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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