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Property profile & analytics
OFF-MARKET
Estimated value
$910,000
Auto shops
5500 Martin Luther King Jr S Way, Seattle, WA 98118-2237
Individually Owned
21-yr Hold
Free & Clear
Property ID
US90-1825585
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2000
Construction
STEEL FRAME
Total area
4,800 SF
Lot
0.41 ac (17,852 SF)
Zoning code
C1-55 (M)
APN
234130-0380
UPID
US90-1825585
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
$806k
Blend (final)
Blend
$910k
Owner & transaction history
Tien Vandinh · 21 yrs held
Tien Vandinh
since 2005
7 recorded transactions
Zoning & alternative use
C1-55 (M) · Seattle, 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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$910k
Range $819k – $1.00M · ±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
$190 / 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
$18,103
Tax year 2022
Assessed value
$1,964,700
Assessed 2022
Previous assessed
$1,964,700
+0.0% YoY
Effective rate
0.92%
On assessed value
Assessed land
$1,963,700
Assessed improvement
$1,000
Land market value
$1,963,700
Improvement market value
$1,000
Total market value
$1,964,700
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
2000
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Total area
4,800 SF
Lot
0.41 ac (17,852 SF)
Zoning code
C1-55 (M)
APN
234130-0380
UPID
US90-1825585
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
C1-55 (M) · Seattle, WA
Zoning C1-55 (M) · permitted uses
C1-55 (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.
Building & site characteristics
From public records
Year built
2000
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Lot
0.41 ac
Current owner
From public records · entity-resolved
Tien Vandinh
Individual
Free & Clear · 21 yrs held
Mailing address
1215 N 38TH ST, RENTON, WA 98056-1540
Ownership since
2005
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
Apr 18, 2005
$420,000
Tien Vandinh
Sasouvanh,seutsay & Somsamian
Warranty Deed
—
Jan 3, 1990
$133,000
Seutsay Sasouvanh
Martir,julio G&b
Grant Deed
—
—
—
Seutsay Sasouvanh
—
Deed Of Trust
related
$39,000 · Seattle Economics Development
—
—
Seutsay Sasouvanh
—
Deed Of Trust
related
$100,000 · Seattle Economic Dev Fund
—
—
Seutsay Sasouvanh
—
Deed Of Trust
related
$100,000 · Seattle Economic Development
—
—
Seutsay Sasouvanh
—
Deed Of Trust
related
$100,000 · Seattle Economic Development
—
—
Ngoc T T Nguyen
—
Deed Of Trust
related
$332,500 · Velocity Commercial Capital
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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