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Property profile & analytics
OFF-MARKET
Estimated value
$4,680,000
Auto shops
6018 221st SE Pl Issaquah, WA 98027-8930
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-0530189
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,692 SF
Lot
0.44 ac (19,244 SF)
Zoning code
MU
APN
212406-9032
UPID
US90-0530189
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
$4.87M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.83M
Blend (final)
Blend
$4.68M
Owner & transaction history
221st Place LLC · 5 yrs held
221st Place LLC
since 2021
Last sale
$4.5M
7 recorded transactions
Zoning & alternative use
MU · Issaquah, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.7M
+15.6%
Commercial (general)
$5.5M
+11.0%
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 Issaquah submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Issaquah 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
$4,850,000
ML approach
$4,865,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$4,910,000
Current use
RESTAURANT
$5,670,000
Change: +16% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,450,000
Change: +11% · Conversion: Moderate
OFFICE BUILDING
$4,695,000
Change: -4% · Conversion: Difficult
MEDICAL BUILDING
$4,225,000
Change: -14% · Conversion: Difficult
RETAIL STORES
$4,195,000
Change: -15% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$4,080,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$4.68M
Range $4.21M – $5.15M · ±10% · vs last sale $4.50M (Mar 24 2021)
Last sale anchor
$4.50M
Mar 24 2021
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
$438 / 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
$24,334
Tax year 2022
Assessed value
$3,207,600
Assessed 2022
Previous assessed
$3,207,600
+0.0% YoY
Effective rate
0.76%
On assessed value
Assessed land
$577,300
Assessed improvement
$2,630,300
Land market value
$577,300
Improvement market value
$2,630,300
Total market value
$3,207,600
Applied tax rate
1,436.0000
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
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
2
Bathrooms
1
Total area
10,692 SF
Lot
0.44 ac (19,244 SF)
Zoning code
MU
APN
212406-9032
UPID
US90-0530189
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
MU · Issaquah, WA
Zoning MU · permitted uses
MU · Issaquah, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Issaquah. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$4.9M
RESTAURANT
Est. value
$5.7M
COMMERCIAL (GENERAL)
Est. value
$5.5M
OFFICE BUILDING
Est. value
$4.7M
MEDICAL BUILDING
Est. value
$4.2M
RETAIL STORES
Est. value
$4.2M
INDUSTRIAL (GENERAL)
Est. value
$4.1M
AUTO REPAIR, GARAGE Current
RESTAURANT
COMMERCIAL (GENERAL)
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
INDUSTRIAL (GENERAL)
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
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
2
Bathrooms
1
Lot
0.44 ac
Current owner
From public records · entity-resolved
221st Place LLC
Entity
Mailing address
9810 130TH AVE NE, KIRKLAND, WA 98033-4845
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 24, 2021
$4,500,000
221st Place LLC
3033 Issaquah LLC
Warranty Deed
$3,275,000 · Telco Community Cu
Jan 19, 2011
$1,700,000
3033 Issaquah LLC
Hensrude,scott & Christy
Warranty Deed
—
Dec 8, 2010
$1,549,000
Scott Hensrude
Weibel David A
Trustees Deed
related
—
Sep 10, 2004
$2,300,000
Gary Bell Ents LLC
Leboutillier,christopher H & Gail A
Warranty Deed
$1,160,000 · First Mutual Bank
Nov 18, 1994
—
Christopher H Leboutillier
—
Grant Deed
related
$344,750 · Washington Mutual Fsb
Dec 14, 1993
$987,543
Christopher H Leboutillier
Seattle Commerci
Grant Deed
$957,000 · Money Store Investment Corp
Jan 16, 1990
$250,000
Seattle Commercial
Jt
Grant Deed
$250,000 · Seller
Jan 17, 1989
$542,100
Jt Ventures
Allison
Grant Deed
—
—
—
Scott Hensrude
—
Deed Of Trust
related
$1,205,568 · Fairplay Funding
—
—
Christopher H Leboutillier
—
Deed Of Trust
related
$957,000 · Money Store Investment Corp
—
—
Gary Bell Ents LLC
—
Deed Of Trust
related
$955,000 · Northwest Busn Dev Assn
—
—
Christopher H Leboutillier
—
Deed Of Trust
related
$910,000 · Wells Fargo Bank
—
—
Scott Hensrude
—
Deed Of Trust
related
$93,392 · Fairplay Funding
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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