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Property profile & analytics
OFF-MARKET
Estimated value
$3,450,000
Auto shops
11035 8th NE Ave, Seattle, WA 98125-6103
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-0941517
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1977
Construction
WOOD
Total area
7,152 SF
Lot
0.33 ac (14,546 SF)
Zoning code
NC2-75 (M1)
APN
292604-9357
UPID
US90-0941517
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
-
Xtreme Motorsports Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.45M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.45M
Owner & transaction history
Rdo Northgate LLC · 1 yrs held
Rdo Northgate LLC
since 2024
Last sale
$3.5M
7 recorded transactions
Zoning & alternative use
NC2-75 (M1) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.8M
+27.6%
Commercial (general)
$3.6M
+23.0%
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
$3,450,000
ML approach
$3,450,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,940,000
Current use
RESTAURANT
$3,755,000
Change: +28% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,620,000
Change: +23% · Conversion: Moderate
RETAIL STORES
$2,870,000
Change: -3% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,535,000
Change: -14% · Conversion: Difficult
OFFICE BUILDING
$2,525,000
Change: -14% · Conversion: Difficult
MEDICAL BUILDING
$2,460,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$3.45M
Range $3.11M – $3.80M · ±10% · vs last sale $3.45M (Dec 30 2024)
Last sale anchor
$3.45M
Dec 30 2024
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
$482 / 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
$16,936
Tax year 2022
Assessed value
$1,746,500
Assessed 2022
Previous assessed
$1,746,500
+0.0% YoY
Effective rate
0.97%
On assessed value
Assessed land
$1,745,500
Assessed improvement
$1,000
Land market value
$1,745,500
Improvement market value
$1,000
Total market value
$1,746,500
Applied tax rate
25.0000
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
1977
Construction
WOOD
Heating
SPACE
Stories
1
Total area
7,152 SF
Lot
0.33 ac (14,546 SF)
Zoning code
NC2-75 (M1)
APN
292604-9357
UPID
US90-0941517
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC2-75 (M1) · Seattle, WA
Zoning NC2-75 (M1) · permitted uses
NC2-75 (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.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$2.9M
RESTAURANT
Est. value
$3.8M
COMMERCIAL (GENERAL)
Est. value
$3.6M
RETAIL STORES
Est. value
$2.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.5M
OFFICE BUILDING
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$2.5M
AUTO REPAIR, GARAGE Current
RESTAURANT
COMMERCIAL (GENERAL)
RETAIL STORES
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
1977
Construction
WOOD
Heating
SPACE
Stories
1
Lot
0.33 ac
Current owner
From public records · entity-resolved
Rdo Northgate LLC
Entity
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2024
—
Rdo Northgate LLC
Dan And Jennifer Olson Family LLC
Quitclaim Deed
related
—
Jul 15, 2022
—
D & L Olson Properties LLC
Darci Lynn Long
Quit Claim Deed
related
—
Jul 13, 2022
—
Cindi L Morrison
David & Linda Olson Family LLC
Quit Claim Deed
related
—
Jun 29, 2022
—
David & Linda Olson Family LLC
Associated Investors Group LLC
Quit Claim Deed
related
—
Jun 28, 2022
—
Dan & Jennifer Olson Family LLC
Associated Investors Group LLC
Quit Claim Deed
related
—
Dec 30, 2021
$3,450,000
Associated Investors Group LLC
Dan Mclaughlin
Warranty Deed
—
Dec 2, 2016
—
Dan Mclaughlin
—
Deed
related
$960,000 · Jpmorgan Chase Bank NA
Dec 18, 1989
—
Dan Mclaughlin
Mclaughlin,dan
Quit Claim Deed
related
—
—
—
Dan R Mclaughlin
—
Deed Of Trust
related
$648,367 · Bank Of America
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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