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Property profile & analytics
OFF-MARKET
Estimated value
$845,000
Auto shops
2628 248th St Kent, WA 98032-4030
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US90-1473403
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1998
Construction
STEEL FRAME
Total area
9,200 SF
Lot
0.75 ac (32,611 SF)
Zoning code
CM
APN
360180-0485
UPID
US90-1473403
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
-
Seatac Transmission Service, Inc. Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$845k
Owner & transaction history
Ott Commercial Properties LLC · 18 yrs held
Ott Commercial Properties LLC
since 2008
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$92 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$23,178
Tax year 2022
Assessed value
$2,097,600
Assessed 2022
Previous assessed
$2,097,600
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$513,600
Assessed improvement
$1,584,000
Land market value
$513,600
Improvement market value
$1,584,000
Total market value
$2,097,600
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
1998
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
1
Total area
9,200 SF
Lot
0.75 ac (32,611 SF)
Zoning code
CM
APN
360180-0485
UPID
US90-1473403
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
1998
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
1
Lot
0.75 ac
Current owner
From public records · entity-resolved
Ott Commercial Properties LLC
Entity
Mailing address
2628 S 248TH ST, KENT, WA 98032-4030
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 20, 2018
—
Ott Commercial Properties LLC
—
Deed
related
$1,455,000 · Wells Fargo Bank NA
Mar 18, 2008
—
Ott Commercial Properties LLC
Ott,dwane & June
Quit Claim Deed
related
—
Jul 17, 2002
—
Dwane L Ott
—
Deed Of Trust
related
$1,419,000 · Key Bank NA
Aug 31, 1999
—
Dwane L Ott
Ott,dwane
Quit Claim Deed
related
$486,830 · Sierrawest Bank
Jun 4, 1997
—
Dwane L Ott
—
Grant Deed
related
$750,000 · Washington State Bank
Nov 4, 1994
$102,700
Dwane Ott
Mclean,arthur R & Sharen L
Grant Deed
—
Feb 20, 1992
—
Mclean Arthur R Sharen
Strain,curtis
Quit Claim Deed
related
—
Jun 22, 1990
$115,900
Curtis Strain
Mclean,arthur R
Grant Deed
$95,900 · Mclean Arthur R
—
—
Dwane Ott
—
Deed Of Trust
related
$401,000 · Evergreen Community Dev Assn
—
—
Ott Commercial Properties LLC
—
Deed Of Trust
related
$1,700,000 · Key Bank NA
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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