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Property profile & analytics
OFF-MARKET
Estimated value
$2,530,000
Auto shops
18916 Pacific S Ave Spanaway, WA 98387-8325
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-1432434
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1982
Construction
WOOD FRAME
Lot
0.23 ac (9,877 SF)
Zoning code
CE
APN
4660000730
UPID
US90-1432434
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
$2.67M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.53M
Owner & transaction history
M S H Properties LLC · 4 yrs held
M S H Properties LLC
since 2021
Last sale
$2.4M
7 recorded transactions
Zoning & alternative use
CE · Spanaway, 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 Spanaway submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spanaway 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
$2,660,000
ML approach
$2,665,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.53M
Range $2.28M – $2.78M · ±10% · vs last sale $2.40M (Jul 30 2021)
Last sale anchor
$2.40M
Jul 30 2021
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
—
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
$2,097
Tax year 2024
Assessed value
$135,000
Assessed 2024
Previous assessed
$135,000
+0.0% YoY
Effective rate
1.55%
On assessed value
Assessed land
$122,200
Assessed improvement
$12,800
Land market value
$122,200
Improvement market value
$12,800
Total market value
$135,000
Applied tax rate
591.0000
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
1982
Construction
WOOD FRAME
Heating
NONE
Cooling
NONE
Lot
0.23 ac (9,877 SF)
Zoning code
CE
APN
4660000730
UPID
US90-1432434
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
CE · Spanaway, WAZoning CE · permitted uses
CE · Spanaway, 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
1982
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Lot
0.23 ac
Current owner
From public records · entity-resolved
M S H Properties LLC
Entity
Mailing address
18920 PACIFIC AVE S, SPANAWAY, WA 98387-8325
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 30, 2021
$2,395,000
M S H Properties LLC
Philopateer Mercurius LLC
Warranty Deed
$2,280,000 · Hanmi Bank
Feb 19, 2019
$1,600,000
Philopateer Mercurius LLC
K & D LLC
Trustees Deed
$1,606,000 · Pacific Cty Bk
Dec 31, 2015
$894,719
K & D LLC
Dharminder S Sandhu
Warranty Deed
$150,000 · Balroop Buttar
Aug 31, 2006
—
Harkinder Buttar
Buttar,baljeet
Quit Claim Deed
related
—
Aug 31, 2006
$1,000,000
Dharminder S Sandhu
Moon,il K & Sang S
Warranty Deed
$650,000 · Sterling Savings Bank
Jul 8, 1993
$480,000
Il Kwon Moon
Unknown
Grant Deed
$360,000 · Seller
—
—
K & D LLC
—
Deed Of Trust
related
$150,000 · Balroop Buttar
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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