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Property profile & analytics
OFF-MARKET
Estimated value
$980,000
Automotive properties
5911 Steilacoom SW Blvd, Lakewood, WA 98499-3120
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US90-0797928
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,100 SF
Lot
0.52 ac (22,541 SF)
Zoning code
NC2
APN
220353110
UPID
US90-0797928
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
-
European Motors Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.12M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$980k
Owner & transaction history
Schimmel Properties LLC · 13 yrs held
Schimmel Properties LLC
since 2013
Last sale
$845,000
7 recorded transactions
Zoning & alternative use
NC2 · Lakewood, 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 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
Method
Estimation
Statistic approach
$1,110,000
ML approach
$1,115,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$980k
Range $882k – $1.08M · ±10% · vs last sale $845k (Oct 6 2020)
Last sale anchor
$845k
Oct 6 2020
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
$138 / 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
$7,349
Tax year 2024
Assessed value
$595,100
Assessed 2024
Previous assessed
$595,100
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$367,100
Assessed improvement
$228,000
Land market value
$367,100
Improvement market value
$228,000
Total market value
$595,100
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Buildings
3
Stories
1
Total area
7,100 SF
Lot
0.52 ac (22,541 SF)
Zoning code
NC2
APN
220353110
UPID
US90-0797928
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
NC2 · Lakewood, WA
Zoning NC2 · permitted uses
NC2 · Lakewood, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lakewood. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Buildings
3
Lot
0.52 ac
Current owner
From public records · entity-resolved
Schimmel Properties LLC
Entity
Mailing address
5911 STEILACOOM BLVD SW, LAKEWOOD, WA 98499-3120
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 4, 2020
—
Betti Properties LLC
—
Deed
related
$431,150 · Americas Cu
Dec 3, 2020
—
Betti Properties LLC
—
Deed
related
$239,000 · Ameritrust Cdc
May 30, 2013
—
Schimmel Properties LLC
Helmut O Schimmel
Quit Claim Deed
related
$350,000 · Velocity Commercial Capital LLC
Feb 1, 2013
—
Helmut Schimmel
—
Trustees Deed
related
$50,000 · Carl D Teitge INC Ps & Affilia
Jul 24, 2012
$175,000
Helmut O Schimmel
Knauf,marilyn C
Quit Claim Deed
related
$225,000 · Carl D Teitge INC Ps & Affilia
Jul 3, 2012
—
Manfred H Knauf
Silver Falcon INC
Warranty Deed
—
Nov 9, 2005
—
Manfred H Knauf
Knauf,manfred H
Quit Claim Deed
related
—
—
—
Betti Properties LLC
—
Deed Of Trust
related
$431,150 · Americas Cu
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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