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Property profile & analytics
OFF-MARKET
Estimated value
$690,000
Auto shops
10202 Lakeview SW Ave Lakewood, WA 98499-4223
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-1056684
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1999
Construction
WOOD FRAME
Total area
2,064 SF
Lot
0.54 ac (23,320 SF)
Zoning code
MF1
APN
219012008
UPID
US90-1056684
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
-
Yellow cab NW Tacoma Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$705k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$448k
Blend (final)
Blend
$690k
Owner & transaction history
Jcb Lakeview LLC · 3 yrs held
Jcb Lakeview LLC
since 2023
Last sale
$710,000
5 recorded transactions
Zoning & alternative use
MF1 · Lakewood, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Multifamily 1 zoning district provides for a variety of medium density housing types and designs offering a wide choice of living accommodations for families of diverse composition and lifestyles
Zone name
Multifamily 1
General category
RESIDENTIAL
Zone area
279.96 ac
Source
Realmo
Top alternative use upside
Neighborhood: shopping center
$880,000
+15.5%
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 Lakewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lakewood 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
$645,000
ML approach
$705,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$760,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$880,000
Change: +16% · Conversion: Difficult
COMMERCIAL (GENERAL)
$650,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$690k
Range $621k – $759k · ±10% · vs last sale $710k (Mar 31 2023)
Last sale anchor
$710k
Mar 31 2023
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
$334 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$7,756
Tax year 2024
Assessed value
$726,000
Assessed 2024
Previous assessed
$726,000
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$648,900
Assessed improvement
$77,100
Land market value
$648,900
Improvement market value
$77,100
Total market value
$726,000
Applied tax rate
760.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1999
Construction
WOOD FRAME
Heating
SPACE
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
2,064 SF
Lot
0.54 ac (23,320 SF)
Zoning code
MF1
APN
219012008
UPID
US90-1056684
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
MF1 · Lakewood, WAZoning MF1 · permitted uses
MF1 · Lakewood, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Multifamily 1 zoning district provides for a variety of medium density housing types and designs offering a wide choice of living accommodations for families of diverse composition and lifestyles
Zone name
Multifamily 1
General category
RESIDENTIAL
Zone area
279.96 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$760,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$880,000
COMMERCIAL (GENERAL)
Est. value
$650,000
AUTO REPAIR, GARAGE Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
1999
Construction
WOOD FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
2
Lot
0.54 ac
Current owner
From public records · entity-resolved
Jcb Lakeview LLC
Entity
Mailing address
1546 RESERVATION RD SE #44, OLYMPIA, WA 98513-9415
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2023
$710,000
Jcb Lakeview LLC
Yonis Abdirisag Hassan
Warranty Deed
$932,000 · Us Bank NA
Jul 29, 2022
—
Yonis Abdirisaq Hassan
Abdirisaq Ahmed
Quit Claim Deed
related
—
Oct 4, 2021
$260,000
Abdirisaq Ahmed
Getahun Birru
Warranty Deed
—
Aug 6, 2007
$280,000
Getahun Birru
Reeves,michael
Warranty Deed
$80,000 · Michael W Reeves
Aug 18, 1998
$110,522
Micheal Reeves
Stewart,dugald H & Barbara J
Grant Deed
$148,000 · Ncb Funding Group
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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