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Property profile & analytics
OFF-MARKET
Auto shops
3122 96th S St Lakewood, WA 98499-9394
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US90-0787456
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,000 SF
Lot
0.7 ac (30,450 SF)
Zoning code
AC1
APN
319066004
UPID
US90-0787456
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
-
Rolf's Import Auto Service Auto Repair Shop
-
Bosch Service 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
by Request
Owner & transaction history
Simons & Simons Holdings LLC · 11 yrs held
Simons & Simons Holdings LLC
since 2015
6 recorded transactions
Zoning & alternative use
AC1 · Lakewood, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the Air Corridor 1 zoning districts is to promote land use and development that is compatible with the aircraft noise and accident potential associated with the proximity to Joint Base Lewis McChord aircraft flight operations
Zone name
Air Corridor 1
General category
UNKNOWN
Zone area
339.29 ac
Source
Realmo
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 Lakewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lakewood 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
—
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
$6,306
Tax year 2024
Assessed value
$545,100
Assessed 2024
Previous assessed
$545,100
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$350,400
Assessed improvement
$194,700
Land market value
$350,400
Improvement market value
$194,700
Total market value
$545,100
Applied tax rate
760.0000
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
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
5,000 SF
Lot
0.7 ac (30,450 SF)
Zoning code
AC1
APN
319066004
UPID
US90-0787456
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
AC1 · Lakewood, WAZoning AC1 · permitted uses
AC1 · Lakewood, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the Air Corridor 1 zoning districts is to promote land use and development that is compatible with the aircraft noise and accident potential associated with the proximity to Joint Base Lewis McChord aircraft flight operations
Zone name
Air Corridor 1
General category
UNKNOWN
Zone area
339.29 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
0.7 ac
Current owner
From public records · entity-resolved
Simons & Simons Holdings LLC
Entity
Mailing address
10836 LK STEILACOOM DR SW, LAKEWOOD, WA 98498-6723
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 12, 2019
—
Simons & Simons Holdings LLC
—
Deed
related
$570,000 · Bank Of The West
Jun 5, 2015
$459,719
Simons & Simons Holdings LLC
Marks Simons
Warranty Deed
$386,000 · Heritage Bank
—
—
Simons & Simons Holdings LLC
—
Deed Of Trust
related
$570,000 · Bank Of The West
—
—
Rolf M Simons
—
Deed Of Trust
related
$50,000 · Sterling Savings Bank
—
—
Rolf M Simons
—
Deed Of Trust
related
$207,414 · Sterling Savings Bank
—
—
Rolf M Simons
—
Deed Of Trust
related
$320,000 · Sterling Savings 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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