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Property profile & analytics
OFF-MARKET
Estimated value
$1,405,000
Car washes
11308 Lk City NE Way Seattle, WA 98125-5306
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-1743304
Property profile
Verified
Property type
Car washes
Use group
CAR WASH
Year built
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,500 SF
Lot
0.82 ac (35,625 SF)
Zoning code
NC3-55 (M)
APN
890250-0135
UPID
US90-1743304
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
$1.42M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.85M
Blend (final)
Blend
$1.41M
Owner & transaction history
Nicholas Birk · 2 yrs held
Nicholas Birk
since 2023
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
NC3-55 (M) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.3M
+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
$1,400,000
ML approach
$1,420,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,030,000
Current use
COMMERCIAL (GENERAL)
$1,265,000
Change: +23% · Conversion: Moderate
RETAIL STORES
$1,000,000
Change: -3% · Conversion: Difficult
OFFICE BUILDING
$885,000
Change: -14% · Conversion: Difficult
MEDICAL BUILDING
$860,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$1.41M
Range $1.26M – $1.55M · ±10% · vs last sale $1.40M (Nov 20 2023)
Last sale anchor
$1.40M
Nov 20 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
$562 / 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
$52,925
Tax year 2022
Assessed value
$2,493,000
Assessed 2022
Previous assessed
$2,493,000
+0.0% YoY
Effective rate
2.12%
On assessed value
Assessed land
$2,492,000
Assessed improvement
$1,000
Land market value
$2,492,000
Improvement market value
$1,000
Total market value
$2,493,000
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
Car washes
Use group
CAR WASH
Status
Off-Market
Year built
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Buildings
2
Stories
1
Total area
2,500 SF
Lot
0.82 ac (35,625 SF)
Zoning code
NC3-55 (M)
APN
890250-0135
UPID
US90-1743304
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC3-55 (M) · Seattle, WA
Zoning NC3-55 (M) · permitted uses
NC3-55 (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
AUTO REPAIR, GARAGE Current
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$1.3M
RETAIL STORES
Est. value
$1.0M
OFFICE BUILDING
Est. value
$885,000
MEDICAL BUILDING
Est. value
$860,000
AUTO REPAIR, GARAGE Current
COMMERCIAL (GENERAL)
RETAIL STORES
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
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Buildings
2
Lot
0.82 ac
Current owner
From public records · entity-resolved
Nicholas Birk
Individual
Mailing address
11220 SE 265TH PL, KENT, WA 98030-8660
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
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2023
$1,400,000
Nicholas Birk
Best 335 Corp INC
Warranty Deed
—
Oct 16, 2023
—
Best 33 5 Corp
Mi Hwa Jung
Trustees Deed
related
$2,000,000 · Schaefer Financial Services INC
Jan 31, 2020
$2,520,000
Mi Hwa Jung
Joshin LLC
Warranty Deed
$70,000 · Us Metro Bank
Jan 31, 2020
—
Mi Hwa Jung
Luke N Kim
Intrafamily Transfer
related
$1,764,000 · Us Metro Bank
Jan 26, 2018
—
Ayoung Corp
—
Deed
related
$100,000 · Private Individual
Jan 25, 2018
$1,550,000
Joshin LLC
Annsang Corp
Warranty Deed
$990,000 · Unibank
May 21, 2014
$1,200,000
Annsang Corporation
Hoo A INC
Warranty Deed
$1,220,000 · Pacific City Bank
Nov 15, 2010
$1,000,000
Hoo A INC
Lake City Way Building LLC
Warranty Deed
$1,040,000 · Lake City Way Building LLC
Sep 23, 2010
—
Lake City Way Building LLC
Rosellni Properties LLC
Quit Claim Deed
related
—
Sep 22, 2010
—
Rosellini Properties LLC
Rosellini,albert D
Quit Claim Deed
related
—
Jun 4, 2004
—
Albert D Rosellini
Rosellini,albert D Est
Quit Claim Deed
related
—
Nov 15, 1991
$500,000
Albert D Rosellini SR.
Kettel,lawrence
Grant Deed
$515,000 · Seller
—
—
Ayoung Corp
—
Deed Of Trust
related
$100,000 · Private Individual
—
—
Annsang Corp
—
Deed Of Trust
related
$60,000 · Private Individual
—
—
Princeton Johannes LLC
—
Deed Of Trust
related
$90,000 · Private Individual
—
—
Albert D Rosellini SR.
—
Deed Of Trust
related
$150,000 · Private Lender
—
—
Albert D Rosellini
—
Deed Of Trust
related
$183,476 · Fortune Oil Co
—
—
Hoo A INC
—
Deed Of Trust
related
$1,136,000 · United Labor Bank
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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