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Property profile & analytics
FOR LEASE
Auto shops
12517 15Th Ave NE, Seattle, WA 98125
Entity Owned
3-yr Hold
Free & Clear
Property ID
US90-0873569
No photos on file
For Lease
$14,976/Mo
12517 15Th Ave NE, Seattle, WA 98125
View Listing →
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1947
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,200 SF
Lot
0.3 ac (12,989 SF)
Zoning code
NC3P-55 (M)
APN
641410-0350
UPID
US90-0873569
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
-
Broad Stroke - Japanese Auto Repair in Seattle WA including Subaru, Acura, Infiniti and Lexus Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.15M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.30M
Owner & transaction history
Pj Davis Holdings LLC · 3 yrs held
Pj Davis Holdings LLC
since 2022
Last sale
$2.5M
3 recorded transactions
Zoning & alternative use
NC3P-55 (M) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.7M
+27.6%
Commercial (general)
$2.6M
+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
$2,030,000
ML approach
$2,145,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,140,000
Current use
RESTAURANT
$2,730,000
Change: +28% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,630,000
Change: +23% · Conversion: Moderate
RETAIL STORES
$2,085,000
Change: -3% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,845,000
Change: -14% · Conversion: Difficult
OFFICE BUILDING
$1,840,000
Change: -14% · Conversion: Difficult
MEDICAL BUILDING
$1,790,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$2.30M
Range $2.07M – $2.52M · ±10% · vs last sale $2.50M (Aug 22 2022)
Last sale anchor
$2.50M
Aug 22 2022
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
$441 / 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
$11,963
Tax year 2022
Assessed value
$1,170,000
Assessed 2022
Previous assessed
$1,170,000
+0.0% YoY
Effective rate
1.02%
On assessed value
Assessed land
$1,169,000
Assessed improvement
$1,000
Land market value
$1,169,000
Improvement market value
$1,000
Total market value
$1,170,000
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
For Lease
Year built
1947
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
5,200 SF
Lot
0.3 ac (12,989 SF)
Zoning code
NC3P-55 (M)
APN
641410-0350
UPID
US90-0873569
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC3P-55 (M) · Seattle, WA
Zoning NC3P-55 (M) · permitted uses
NC3P-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
$2.1M
RESTAURANT
Est. value
$2.7M
COMMERCIAL (GENERAL)
Est. value
$2.6M
RETAIL STORES
Est. value
$2.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.8M
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
1947
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
0.3 ac
Current owner
From public records · entity-resolved
Pj Davis Holdings LLC
Entity
Free & Clear · 3 yrs held
Mailing address
11020 MAPLE LN NE, LAKE STEVENS, WA 98258-9442
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 22, 2022
$2,500,000
Pj Davis Holdings LLC
Dean P Auve JR
Warranty Deed
—
Jan 14, 2004
$550,000
Dean F Auve
Scrvanich,patrick J & Leontina
Grant Deed
$425,000 · Patrick J & Leontina Scrvanich
Jan 9, 2004
—
Joseph A Sternola
Evergreenbank
Quit Claim Deed
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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