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Property profile & analytics
OFF-MARKET
Estimated value
$3,200,000
Auto shops
25028 Pacific S Hwy, Kent, WA 98032-5436
Entity Owned
2-yr Hold
Free & Clear
Property ID
US90-1581909
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,392 SF
Lot
0.87 ac (38,000 SF)
Zoning code
CM
APN
212204-9044
UPID
US90-1581909
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
Current use
Occupant on record · Public records
-
Tern Boats Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
-
Tern Boat Salvage Boat Club
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.65M
Blend (final)
Blend
$3.20M
Owner & transaction history
Seattle Boats LLC · 2 yrs held
Seattle Boats LLC
since 2024
Last sale
$3.2M
7 recorded transactions
Zoning & alternative use
CM · Kent, 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 Kent submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kent 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
$3,200,000
ML approach
$3,200,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.20M
Range $2.88M – $3.52M · ±10% · vs last sale $3.20M (Feb 23 2024)
Last sale anchor
$3.20M
Feb 23 2024
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
$943 / 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
$23,039
Tax year 2024
Assessed value
$1,749,800
Assessed 2023
Previous assessed
$1,749,800
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$646,000
Assessed improvement
$1,103,800
Land market value
$646,000
Improvement market value
$1,103,800
Total market value
$1,749,800
Applied tax rate
1,470.0000
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
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
2
Stories
1
Total area
3,392 SF
Lot
0.87 ac (38,000 SF)
Zoning code
CM
APN
212204-9044
UPID
US90-1581909
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CM · Kent, WA
Zoning CM · permitted uses
CM · Kent, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kent. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Buildings
2
Lot
0.87 ac
Current owner
From public records · entity-resolved
Seattle Boats LLC
Entity
Free & Clear · 2 yrs held
Mailing address
23641 7TH AVE S APT #9, DES MOINES, WA 98198-7300
Ownership since
2024
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
Feb 23, 2024
—
Seattle Boats LLC
Midway Holding LLC
Warranty Deed
—
Feb 23, 2024
$3,200,000
Pac Hwy Autoplex INC
Seattle Boats LLC
Warranty Deed
$2,040,800 · Davis Financial And Development LLC
Nov 4, 2014
—
Debra Winslow
Winslow,alan
Quit Claim Deed
related
—
Nov 4, 2014
$1,450,000
Seattle Boats LLC|midway Holding LLC
Midway Holding LLC
Grant Deed
$1,425,000 · Midway Holding LLC
Feb 23, 2006
$1,443
Puget Sound Energy
Toland,mark R
Grant Deed
related
—
Nov 18, 2003
—
Kent City (wa)
Toland,mack V
Quit Claim Deed
related
—
Nov 18, 2003
$11,112,000
Kent City (wa)
Toland,dawn H
Quit Claim Deed
related
—
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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