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Property profile & analytics
OFF-MARKET
Estimated value
$775,000
Auto shops
18311 Veterans Memorial E Dr Bonney Lake, WA 98391-7391
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US90-0034352
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1994
Construction
WOOD FRAME
Total area
2,692 SF
Lot
0.56 ac (24,476 SF)
Zoning code
DC
APN
7000170030
UPID
US90-0034352
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$798k
Blend (final)
Blend
$775k
Owner & transaction history
Dems INC · 19 yrs held
Dems INC
since 2007
7 recorded transactions
Zoning & alternative use
DC · Bonney Lake, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Wireless communications facilities in C-2, C-3, combined C-2/C-3, M-1, public facilities, DC and DM zones. § 18.50.012 Design criteria. § 18.50.013 Other permits required. § 18.50.014 Inspection requirements. § 18.50.015 Landscaping/screening.
Zone name
Downtown Core District
General category
COMMERCIAL
Zone area
11.89 ac
Top alternative use upside
Commercial (general)
$1.2M
+16.6%
Neighborhood: shopping center
$1.1M
+16.0%
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 Bonney Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bonney Lake 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$990,000
Current use
COMMERCIAL (GENERAL)
$1,155,000
Change: +17% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,145,000
Change: +16% · Conversion: Difficult
RETAIL STORES
$825,000
Change: -17% · Conversion: Difficult
WAREHOUSE, STORAGE
$805,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$775k
Range $698k – $853k · ±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
$288 / 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
$11,123
Tax year 2024
Assessed value
$1,095,100
Assessed 2024
Previous assessed
$1,095,100
+0.0% YoY
Effective rate
1.02%
On assessed value
Assessed land
$525,600
Assessed improvement
$569,500
Land market value
$525,600
Improvement market value
$569,500
Total market value
$1,095,100
Applied tax rate
35.0000
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
1994
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
1
Total area
2,692 SF
Lot
0.56 ac (24,476 SF)
Zoning code
DC
APN
7000170030
UPID
US90-0034352
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
DC · Bonney Lake, WAZoning DC · permitted uses
DC · Bonney Lake, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Wireless communications facilities in C-2, C-3, combined C-2/C-3, M-1, public facilities, DC and DM zones. § 18.50.012 Design criteria. § 18.50.013 Other permits required. § 18.50.014 Inspection requirements. § 18.50.015 Landscaping/screening.
Zone name
Downtown Core District
General category
COMMERCIAL
Zone area
11.89 ac
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$990,000
COMMERCIAL (GENERAL)
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
RETAIL STORES
Est. value
$825,000
WAREHOUSE, STORAGE
Est. value
$805,000
AUTO REPAIR, GARAGE Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
WAREHOUSE, STORAGE
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
1994
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
0.56 ac
Current owner
From public records · entity-resolved
Dems INC
Entity
Mailing address
18311 VETERANS MEMORIAL DR E, BONNEY LAKE, WA 98391-7391
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2007
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
Mar 22, 2019
—
Dems INC
—
Deed
related
$100,000 · Phillips 66 Co
Jul 30, 2007
$1,890,000
Dems INC
Sin,il H & Hyun J
Grant Deed
$2,000,000 · First Standard Bank
Jul 19, 2004
$1,500,000
Il H Sin
Kim,suk A & Sang A
Grant Deed
$1,476,000 · Pacific International Bank
Jan 2, 1996
—
Suk A Kim
—
Deed Of Trust
related
$1,210,000 · Sterling Savings Association
Aug 24, 1994
$440,000
Bonney Lake Mart Partners
Bonney Lake Comm
Grant Deed
related
$800,000 · Seller
—
—
Dems INC
—
Deed Of Trust
related
$100,000 · Phillips 66 Co
—
—
Suk A Kim
—
Deed Of Trust
related
$223,762 · Sterling Savings Association
—
—
Suk A Kim
—
Deed Of Trust
related
$250,000 · Tosco Marketing Co
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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