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Property profile & analytics
OFF-MARKET
Estimated value
$1,315,000
Automotive properties
1708 40th Ave E Ct Fife, WA 98424-1125
Entity Owned
21-yr Hold
Free & Clear
Property ID
US90-0957666
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1997
Construction
WOOD FRAME
Total area
12,990 SF
Lot
2.99 ac (130,244 SF)
Zoning code
REGIONAL C
APN
320126019
UPID
US90-0957666
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
$855k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.78M
Blend (final)
Blend
$1.32M
Owner & transaction history
Ob Fife Property II LLC · 21 yrs held
Ob Fife Property II LLC
since 2005
7 recorded transactions
Zoning & alternative use
REGIONAL C · Fife, 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 Fife submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fife 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
$855,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.32M
Range $1.18M – $1.45M · ±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
$101 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$77,730
Tax year 2024
Assessed value
$8,178,700
Assessed 2024
Previous assessed
$8,178,700
+0.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$4,711,700
Assessed improvement
$3,467,000
Land market value
$4,711,700
Improvement market value
$3,467,000
Total market value
$8,178,700
Applied tax rate
66.0000
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1997
Construction
WOOD FRAME
Heating
HEAT PUMP
Cooling
CENTRAL
Buildings
3
Stories
2
Units
1
Total area
12,990 SF
Lot
2.99 ac (130,244 SF)
Zoning code
REGIONAL C
APN
320126019
UPID
US90-0957666
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
REGIONAL C · Fife, WAZoning REGIONAL C · permitted uses
REGIONAL C · Fife, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1997
Construction
WOOD FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Buildings
3
Units
1
Lot
2.99 ac
Current owner
From public records · entity-resolved
Ob Fife Property II LLC
Entity
Free & Clear · 21 yrs held
Mailing address
PO BOX 726, BELLEVUE, WA 98009-0726
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 28, 2005
—
Ob Fife Property II LLC
O B Fife Property II LLC
Quit Claim Deed
related
—
Jul 14, 2004
—
O B Fife Property II LLC
Fife Auto Mall LLC
Quit Claim Deed
related
—
Nov 18, 2003
—
Rozenski Properties LLC
Obrien,michael P
Quit Claim Deed
related
—
Jun 17, 1999
—
Obrien,ob Fife Properties LLC
Obrien,mcihael P
Quit Claim Deed
related
—
Apr 10, 1997
—
Michael P O'brien
—
Grant Deed
related
$3,000,000 · Washington Mutual Fsb
Sep 24, 1996
$980,100
Michael P O'brien
James T Stengel Trust
Grant Deed
—
—
—
Ob Fife Property II LLC
—
Deed Of Trust
related
$4,800,000 · Wells Fargo Bank
—
—
Michael P O'brien
—
Deed Of Trust
related
$700,000 · Enterprise Bank Of Bellevue
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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