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Property profile & analytics
OFF-MARKET
Estimated value
$670,000
Commercial real estate
9988 15th SW Ave Seattle, WA 98146-3723
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US90-1893747
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2011
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,229 SF
Lot
1.09 ac (47,480 SF)
Zoning code
CBSO
APN
062304-9006
UPID
US90-1893747
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
-
Hung Long Grocery Store (Bike/Boat/Book/etc) Store Grocery & Convenience Store
-
Bella Hair & Spa Hair Salon Nail Salon
-
Element Massage Seattle Alternative Medicine Practice Spa & Massage Center
-
Cozy Spa Seattle Alternative Medicine Practice Spa & Massage Center
-
Multiservicios Delia Food Market Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$860k
Comparable Approach
Comparable
$814k
Blend (final)
Blend
$670k
Owner & transaction history
Vongs LLC · 17 yrs held
Vongs LLC
since 2009
7 recorded transactions
Zoning & alternative use
CBSO · 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%
$930,000
6.5%
$860,000
7%
$795,000
Blend value · Realmo final
$670k
Range $603k – $737k · ±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
$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 2022Property tax & assessments
Tax year 2022
Tax billed
$72,382
Tax year 2022
Assessed value
$6,203,600
Assessed 2022
Previous assessed
$6,203,600
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$1,424,400
Assessed improvement
$4,779,200
Land market value
$1,424,400
Improvement market value
$4,779,200
Total market value
$6,203,600
Applied tax rate
3,850.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2011
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Buildings
2
Stories
1
Total area
4,229 SF
Lot
1.09 ac (47,480 SF)
Zoning code
CBSO
APN
062304-9006
UPID
US90-1893747
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CBSO · Seattle, WA
Zoning CBSO · permitted uses
CBSO · 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
2011
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Stories
1
Buildings
2
Lot
1.09 ac
Current owner
From public records · entity-resolved
Vongs LLC
Entity
Mailing address
5025 NE 9TH PL, RENTON, WA 98059-4664
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 12, 2021
—
Vongs LLC
—
Deed
related
$159,960 · Hedc New Markets INC
Jun 11, 2009
$1,200,000
Vongs LLC
Vong,con
Trustees Deed
$10,450,720 · Ndc New Markets Invs Xxxviii L
Jan 12, 2004
—
Con Vong
Vong,rika
Quit Claim Deed
related
—
Jan 12, 2004
$750,000
Vong O Con
Mullen,john A
Grant Deed
$400,000 · John A Mullen
Mar 9, 2000
—
Dennis W Bortko
Wilcox,donald A
Quit Claim Deed
related
—
Dec 17, 1999
—
Donald A Wilcox
Wilcox Properties LLC
Quit Claim Deed
related
—
Jun 16, 1998
—
Wilcox Properties LLC
Wilcox,donald A
Quit Claim Deed
related
—
—
—
Vongs LLC
—
Deed Of Trust
related
$159,960 · Hedc New Markets INC
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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