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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Car washes
1426 23rd Ave Seattle, WA 98122-2918
Entity Owned
15-yr Hold
Free & Clear
Property ID
US90-1981623
Property profile
Verified
Property type
Car washes
Use group
CAR WASH
Year built
1993
Construction
STEEL FRAME
Total area
2,420 SF
Lot
0.33 ac (14,222 SF)
Zoning code
NC2P-75 (M1)
APN
722850-0105
UPID
US90-1981623
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
-
Uncle Ike's Car Wash Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$545k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$546k
Blend (final)
Blend
$545k
Owner & transaction history
Sea Suds LLC · 15 yrs held
Sea Suds LLC
since 2010
7 recorded transactions
Zoning & alternative use
NC2P-75 (M1) · 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
$545,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$855,000
Change: -14% · Conversion: Difficult
MEDICAL BUILDING
$830,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$545k
Range $491k – $600k · ±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
$225 / 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
$35,643
Tax year 2022
Assessed value
$4,111,300
Assessed 2022
Previous assessed
$4,111,300
+0.0% YoY
Effective rate
0.87%
On assessed value
Assessed land
$4,053,200
Assessed improvement
$58,100
Land market value
$4,053,200
Improvement market value
$58,100
Total market value
$4,111,300
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
1993
Construction
STEEL FRAME
Heating
NONE
Stories
1
Total area
2,420 SF
Lot
0.33 ac (14,222 SF)
Zoning code
NC2P-75 (M1)
APN
722850-0105
UPID
US90-1981623
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC2P-75 (M1) · Seattle, WA
Zoning NC2P-75 (M1) · permitted uses
NC2P-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
OFFICE BUILDING
Est. value
$855,000
MEDICAL BUILDING
Est. value
$830,000
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
1993
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
0.33 ac
Current owner
From public records · entity-resolved
Sea Suds LLC
Entity
Free & Clear · 15 yrs held
Mailing address
2314 E UN ST, SEATTLE, WA 98122-2966
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 14, 2010
$800,000
Sea Suds LLC
Olympic Coast Investment INC
Warranty Deed
—
Apr 27, 2010
—
Grant W Nelson
Nelson,grant W
Quit Claim Deed
related
—
Mar 10, 2010
—
Kenneth E Collins
Collins,kenneth E
Quit Claim Deed
related
—
Sep 16, 2009
—
William Thorsen
Thorsen,william
Quit Claim Deed
related
—
Apr 30, 2009
—
Feley Leona M Living Trust
Feley,leona
Quit Claim Deed
related
—
Apr 6, 2009
—
Olympic Coast Inv INC
Olympic Coast Inv INC
Quit Claim Deed
related
—
Dec 8, 2008
—
Kenneth E Gilroy
Gilroy,kenneth E
Quit Claim Deed
related
—
Dec 3, 2008
—
Erma L Beebe
Olympic Coast Inv INC
Quit Claim Deed
related
—
Oct 20, 2008
—
Smelser Living Trust
Smelser,thomas W
Quit Claim Deed
related
—
Oct 15, 2008
—
Olympic Coast Investment INC
Olympic Coast Investment INC
Quit Claim Deed
related
—
Sep 5, 2008
—
Olympic Coast Inv INC
Dorsey,chester C JR
Quit Claim Deed
related
—
Jul 10, 1989
$135,000
Chester C Dorsey JR.
Richlen,jack H&p
Grant Deed
$135,000 · West One Bank Oregon
—
—
Sea Suds LLC
—
Deed Of Trust
related
$1,100,000 · Salal Cu
—
—
Chester C Dorsey
—
Deed Of Trust
related
$750,000 · Centrum Financial Services 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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