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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Auto shops
215 Water E St, Roy, WA 98580
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-0966203
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1927
Construction
WOOD FRAME
Total area
996 SF
Lot
0.33 ac (14,400 SF)
Zoning code
C
APN
5705000290
UPID
US90-0966203
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
$598k
Blend (final)
Blend
$555k
Owner & transaction history
Crescent Waters LLC · 6 yrs held
Crescent Waters LLC
since 2019
7 recorded transactions
Zoning & alternative use
C · Roy, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$425,000
+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 Roy submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Roy 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
$365,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$425,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$555k
Range $500k – $611k · ±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
$557 / 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
$3,297
Tax year 2024
Assessed value
$308,300
Assessed 2024
Previous assessed
$308,300
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$102,200
Assessed improvement
$206,100
Land market value
$102,200
Improvement market value
$206,100
Total market value
$308,300
Applied tax rate
100.0000
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
1927
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Units
1
Bathrooms
1
Total area
996 SF
Lot
0.33 ac (14,400 SF)
Zoning code
C
APN
5705000290
UPID
US90-0966203
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
C · Roy, WA
Zoning C · permitted uses
C · Roy, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Roy. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$365,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$425,000
AUTO REPAIR, GARAGE Current
NEIGHBORHOOD: SHOPPING CENTER
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
1927
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
1
Bathrooms
1
Lot
0.33 ac
Current owner
From public records · entity-resolved
Crescent Waters LLC
Entity
Mailing address
PO BOX 174, VAUGHN, WA 98394-0174
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 4, 2019
—
Crescent Waters LLC
Dunn,katherine M
Warranty Deed
—
Jun 28, 2019
$250,000
Katherine M Dunn
Innovative Equities LLC
Warranty Deed
—
Jan 16, 2018
—
Innovative Equities LLC
—
Deed
related
$78,000 · Tracy & Cindy Homann
Jan 8, 2018
$150,000
Innovative Equities LLC
Sound Banking Co
Grant Deed
related
$105,000 · Sound Bkng
Nov 22, 2013
$150,000
Innovative Equities LLC
Sound Banking Co
Grant Deed
$105,000 · Sound Banking Co
Mar 7, 2011
$172,147
Sound Banking Co
Holcomb Mark E
Trustees Deed
related
—
May 22, 2006
—
Lee T Alsbury
Alsbury,charlene L
Quit Claim Deed
related
—
Sep 10, 1999
$175,000
Nigel Bakewell
Palmer,debra L
Grant Deed
—
Jan 21, 1999
—
Charles Ryder
Worthington,dale H & Wyona E
Grant Deed
related
—
May 2, 1997
$150,000
Charles Ryder
Worthington,dale H & Wyona E
Grant Deed
$120,000 · Seller
Oct 10, 1992
$30,000
Dale H Worthington
Unknown
Grant Deed
—
Oct 7, 1992
$33,500
Essie Barr
Pierce
Grant Deed
$33,500 · Individual
—
—
Nigel R Bakewell
—
Deed Of Trust
related
$150,000 · Sound Banking Co
—
—
Innovative Equities LLC
—
Deed Of Trust
related
$78,000 · Tracy & Cindy Homann
—
—
Nigell Bakewell
—
Deed Of Trust
related
$19,648 · Sound Banking 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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