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Property profile & analytics
OFF-MARKET
Estimated value
$1,690,000
Auto shops
2825 120th St Seattle, WA 98125-5508
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-1536995
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2002
Construction
WOOD
Total area
3,589 SF
Lot
0.21 ac (9,076 SF)
Zoning code
NC3-55 (M)
APN
344800-1090
UPID
US90-1536995
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
-
Lake City Autoworks Auto Repair Shop Vehicle Inspection Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.66M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.69M
Owner & transaction history
U S Small Business Adminstration · 2 yrs held
U S Small Business Adminstration
since 2023
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
NC3-55 (M) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.8M
+23.0%
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 Seattle submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Seattle 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
$1,700,000
ML approach
$1,655,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,475,000
Current use
COMMERCIAL (GENERAL)
$1,815,000
Change: +23% · Conversion: Moderate
RETAIL STORES
$1,440,000
Change: -3% · Conversion: Difficult
OFFICE BUILDING
$1,270,000
Change: -14% · Conversion: Difficult
MEDICAL BUILDING
$1,235,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$1.69M
Range $1.52M – $1.86M · ±10% · vs last sale $1.70M (Aug 2 2023)
Last sale anchor
$1.70M
Aug 2 2023
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
$471 / 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
$9,055
Tax year 2022
Assessed value
$902,600
Assessed 2022
Previous assessed
$902,600
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$617,100
Assessed improvement
$285,500
Land market value
$617,100
Improvement market value
$285,500
Total market value
$902,600
Applied tax rate
10.0000
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
2002
Construction
WOOD
Heating
SPACE
Stories
2
Total area
3,589 SF
Lot
0.21 ac (9,076 SF)
Zoning code
NC3-55 (M)
APN
344800-1090
UPID
US90-1536995
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC3-55 (M) · Seattle, WA
Zoning NC3-55 (M) · permitted uses
NC3-55 (M) · Seattle, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Seattle. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.8M
RETAIL STORES
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.2M
AUTO REPAIR, GARAGE Current
COMMERCIAL (GENERAL)
RETAIL STORES
OFFICE BUILDING
MEDICAL BUILDING
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
WOOD
Heating
SPACE
Stories
2
Lot
0.21 ac
Current owner
From public records · entity-resolved
U S Small Business Adminstration
Individual
Ownership since
2023
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
Sep 28, 2023
—
U S Small Business Adminstration
Northwest Business Development Assn
Assignment Of Lease (leasehold Sale)
—
Sep 27, 2023
—
Kasco Holdings LLC
—
Deed
related
$708,000 · Northwest Business Development Associati
Aug 2, 2023
$1,700,000
Kasco Holdings LLC
Ronald L Hand
Warranty Deed
$689,600 · Heritage Southeast Bank
Sep 29, 2017
—
Ronald L Hand
—
Deed
related
$456,034 · Us Bk
Jan 22, 2010
—
Smith Beverley Tr
Hand,ronald L & Terry L
Quit Claim Deed
related
—
Oct 31, 1997
$142,500
Ronald L Hand
Kim W Gustavson Estate
Grant Deed
$116,887 · City Bank
—
—
Ronald L Hand
—
Deed Of Trust
related
$506,367 · City Bank
—
—
Ronald L Hand
—
Deed Of Trust
related
$590,000 · City Bank
—
—
Ronald L Hand
—
Loan Modification
related
$456,034 · Us Bk
—
—
Ronald L Hand
—
Deed Of Trust
related
$142,081 · City Bank
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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