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Property profile & analytics
OFF-MARKET
Estimated value
$7,490,000
Grocery and convenience stores
8530 15th NW Ave, Seattle, WA 98117
Entity Owned
28-yr Hold
Free & Clear
Property ID
US90-0605516
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1989
Construction
WOOD
Total area
38,200 SF
Lot
1.84 ac (80,210 SF)
Zoning code
NC3P-75 (M1)
APN
277660-0135
UPID
US90-0605516
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
$8.77M
Comparable Approach
Comparable
$5.36M
Blend (final)
Blend
$7.49M
Owner & transaction history
Crown Hill Properties LLC · 28 yrs held
Crown Hill Properties LLC
since 1998
4 recorded transactions
Zoning & alternative use
NC3P-75 (M1) · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$9,495,000
6.5%
$8,765,000
7%
$8,135,000
Blend value · Realmo final
$7.49M
Range $6.74M – $8.24M · ±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
$196 / 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
$151,882
Tax year 2022
Assessed value
$16,845,100
Assessed 2022
Previous assessed
$16,845,100
+0.0% YoY
Effective rate
0.90%
On assessed value
Assessed land
$16,844,100
Assessed improvement
$1,000
Land market value
$16,844,100
Improvement market value
$1,000
Total market value
$16,845,100
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
1989
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Total area
38,200 SF
Lot
1.84 ac (80,210 SF)
Zoning code
NC3P-75 (M1)
APN
277660-0135
UPID
US90-0605516
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC3P-75 (M1) · Seattle, WA
Zoning NC3P-75 (M1) · permitted uses
NC3P-75 (M1) · 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
1989
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Lot
1.84 ac
Current owner
From public records · entity-resolved
Crown Hill Properties LLC
Entity
Free & Clear · 28 yrs held
Mailing address
12715 NE BEL RED RD, BELLEVUE, WA 98005-2627
Ownership since
1998
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
Nov 17, 2021
—
Crown Hill Properties LLC
—
Deed
related
$3,000,000 · Banner Bank
Apr 27, 1998
—
Crown Hill Properties LLC
Wolfstone,frederic J & Jeanne L
Quit Claim Deed
related
—
Jan 8, 1993
—
Frederic J Wolfstone
Wolfstone,freder
Quit Claim Deed
related
—
—
—
Crown Hill Properties LLC
—
Deed Of Trust
related
$1,650,000 · Allstate Life Insurance 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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