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Property profile & analytics
OFF-MARKET
Estimated value
$1,035,000
Auto shops
15323 272nd St, Kent, WA 98042-4236
Entity Owned
26-yr Hold
~
Est. High Equity
Property ID
US90-0161279
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2000
Construction
STEEL FRAME
Total area
12,104 SF
Lot
1.12 ac (48,850 SF)
Zoning code
CC
APN
352205-9134
UPID
US90-0161279
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
-
Automotive Experts Auto Repair Shop
-
Greg's Japanese Auto Auto Repair Shop
-
Tires Now (Bike/Boat/Book/etc) Store Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.04M
Owner & transaction history
Lake Meridian Auto Center LLC · 26 yrs held
Lake Meridian Auto Center LLC
since 1999
5 recorded transactions
Zoning & alternative use
CC · Kent, 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 Kent submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kent 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$86 / 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
$28,417
Tax year 2022
Assessed value
$2,665,800
Assessed 2022
Previous assessed
$2,665,800
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$1,001,400
Assessed improvement
$1,664,400
Land market value
$1,001,400
Improvement market value
$1,664,400
Total market value
$2,665,800
Applied tax rate
1,519.0000
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
2000
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Total area
12,104 SF
Lot
1.12 ac (48,850 SF)
Zoning code
CC
APN
352205-9134
UPID
US90-0161279
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CC · Kent, WA
Zoning CC · permitted uses
CC · Kent, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kent. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2000
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Lot
1.12 ac
Current owner
From public records · entity-resolved
Lake Meridian Auto Center LLC
Entity
Mailing address
PO BOX 656, EVERETT, WA 98206-0656
Ownership since
1999
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
Aug 15, 2017
—
Lake Meridian Auto Center LLC
—
Deed
related
$1,773,000 · Boeing Emps Cu
Jul 7, 1999
$435,000
Lake Meridian Auto Center LLC
Zerr,david L & Patricia I
Grant Deed
$285,000 · Seller
—
—
Lake Meridian Auto Center LLC
—
Deed Of Trust
related
$1,345,000 · American Equity Inv Life Ins
—
—
Lake Meridian Auto Center LLC
—
Deed Of Trust
related
$1,375,000 · Us Bank NA
—
—
Lake Meridian Auto Center LLC
—
Deed Of Trust
related
$1,773,000 · Boeing Emps Cu
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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