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Property profile & analytics
FOR SALE
Auto shops
20619 Meridian Ave E Graham, WA 98338
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US90-0868879
For Sale
1 / 11
Contact for pricing
20619 Meridian Ave E, Graham, WA 98338
View Listing →
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2002
Construction
STEEL FRAME
Total area
2,800 SF
Lot
14.7 ac (640,332 SF)
Zoning code
RSV5
APN
418033015
UPID
US90-0868879
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
$1.10M
Blend (final)
Blend
$1.14M
Owner & transaction history
Gjr Landcorp LLC · 19 yrs held
Gjr Landcorp LLC
since 2006
7 recorded transactions
Zoning & alternative use
RSV5 · Graham, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.2M
+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 Graham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Graham 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
$1,030,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,195,000
Change: +16% · Conversion: Difficult
COMMERCIAL (GENERAL)
$930,000
Change: -10% · Conversion: Moderate
RETAIL STORES
$855,000
Change: -17% · Conversion: Difficult
WAREHOUSE, STORAGE
$835,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$1.14M
Range $1.02M – $1.25M · ±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
$405 / 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
$45,142
Tax year 2024
Assessed value
$3,600,400
Assessed 2024
Previous assessed
$3,600,400
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$2,415,000
Assessed improvement
$1,185,400
Land market value
$2,415,000
Improvement market value
$1,185,400
Total market value
$3,600,400
Applied tax rate
578.0000
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
For Sale
Year built
2002
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
5
Stories
1
Units
1
Total area
2,800 SF
Lot
14.7 ac (640,332 SF)
Zoning code
RSV5
APN
418033015
UPID
US90-0868879
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
RSV5 · Graham, WAZoning RSV5 · permitted uses
RSV5 · Graham, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$930,000
RETAIL STORES
Est. value
$855,000
WAREHOUSE, STORAGE
Est. value
$835,000
AUTO REPAIR, GARAGE Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
2002
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
5
Units
1
Lot
14.7 ac
Current owner
From public records · entity-resolved
Gjr Landcorp LLC
Entity
Mailing address
3940 E SUNSET DR, BELLINGHAM, WA 98226-5712
Ownership since
2006
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
Sep 5, 2006
—
Gjr Landcorp LLC
Gunderson,john & Racelia M
Quit Claim Deed
related
—
Jul 26, 2006
—
John Gunderson
Gundies Of Graham LLC
Quit Claim Deed
related
—
Aug 7, 2000
—
Gundies Of Graham LLC
Gunderson,john P
Quit Claim Deed
related
—
Aug 7, 2000
$853,938
John P Gunderson
Mcglumphy,donald L
Trustees Deed
—
Sep 30, 1999
—
Mountainview Auto Recycling
Montgomery,daniel R & Patricia M
Quit Claim Deed
related
—
Oct 23, 1998
$400,583
Daniel R Montgomery
Mclumphy,donald L
Grant Deed
—
Feb 6, 1998
$750,000
Donald L Mcglumphy
Magnuson,n A & Alice
Grant Deed
$500,000 · Erickson Group
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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