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    Property profile & analytics

    18040 1st S Ave Seattle, WA 98148

    • Auto shops
    • 3,138 SF
    • 0.49 lot acres
    OFF-MARKET
    Value Estimation
    $3,440,000
    Last Sale
    Nov 17, 2023
    $3,450,000
    Location Intelligence
    Property ID
    US90-0880269
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • The Shed Station - Old Hickory Sheds / Shed Builder

    Property Details for 18040 1st S Ave

    Year built
    1960
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.49 lot acres
    Property size
    3,138 SF
    Zone code
    CC-1
    Property type
    Auto shops
    APN
    322304-9040
    APU
    3223049040

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,450,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,450,000
      6.5%
      $3,575,000
      7%
      $3,350,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,195,000
      Geo Method
      $2,980,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,280,000
      Retail
      $3,170,000
      Mixed-Use
      $3,065,000
      Hospitality
      $4,130,000
      Educational
      $4,165,000
      Residential Income
      $3,860,000
      Energy
      $3,620,000
      Income-Based Land
      $4,285,000
      Food Service
      $3,745,000

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.334
    Latitude
    47.4404
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $9,797
    $394,800
    $442,300
    $837,100
    -
    $394,800
    $442,300
    $837,100

    Comparable in this City

    • Value Estimation by Request
      5,780 SF

      15322 1st S Ave

      AUTO REPAIR, GARAGE • 5,780 SF
      15322 1st S Ave, Seattle, WA 98148
      View Details
    • Value Estimation by Request
      3,591 SF

      15315 1st S Ave

      AUTO REPAIR, GARAGE • 3,591 SF
      15315 1st S Ave, Burien, WA 98148-1011
      View Details
    • Value Estimation by Request
      3,600 SF

      15226 1st S Ave

      AUTO REPAIR, GARAGE • 3,600 SF
      15226 1st S Ave, Burien, WA 98148-1010
      View Details
    • Value Estimation by Request
      6,160 SF

      18209 8th S Ave

      AUTO REPAIR, GARAGE • 6,160 SF
      18209 8th S Ave, Des Moines, WA 98148-1909
      View Details
    • Value Estimation
      $660,000
      2,892 SF

      115 156th St

      AUTO REPAIR, GARAGE • 2,892 SF
      115 156th St, Burien, WA 98148-1220
      View Details
    • Value Estimation by Request
      3,552 SF

      119 160th St

      AUTO REPAIR, GARAGE • 3,552 SF
      119 160th St, Burien, WA 98148-1411
      View Details

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    • Contact for pricing
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    Seattle, WA 98148
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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