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Property profile & analytics
OFF-MARKET
Estimated value
$1,420,000
Car washes
6824 181st St Kenmore, WA 98028
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-1397325
Property profile
Verified
Property type
Car washes
Use group
CAR WASH
Year built
1989
Construction
STEEL FRAME
Total area
2,800 SF
Lot
0.52 ac (22,495 SF)
Zoning code
DC
APN
011410-0605
UPID
US90-1397325
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
$1.40M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.15M
Blend (final)
Blend
$1.42M
Owner & transaction history
6824 Ne 181st Kenmore RT LLC · 2 yrs held
6824 Ne 181st Kenmore RT LLC
since 2023
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
DC · Kenmore, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The downtown commercial zone features a mix ofprivateand publicusesdesigned to create a small town feel and pedestrian friendly environment
Zone name
Downtown Commercial
General category
COMMERCIAL
Zone area
40.96 ac
Source
Realmo
Top alternative use upside
Office building
$1.7M
+31.5%
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 Kenmore submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kenmore 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
$1,380,000
ML approach
$1,395,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,285,000
Current use
OFFICE BUILDING
$1,690,000
Change: +31% · Conversion: Difficult
MEDICAL BUILDING
$1,105,000
Change: -14% · Conversion: Difficult
RETAIL STORES
$1,100,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$1.42M
Range $1.28M – $1.56M · ±10% · vs last sale $1.45M (Aug 14 2023)
Last sale anchor
$1.45M
Aug 14 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
$507 / 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
$11,961
Tax year 2022
Assessed value
$1,026,700
Assessed 2022
Previous assessed
$1,026,700
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$944,700
Assessed improvement
$82,000
Land market value
$944,700
Improvement market value
$82,000
Total market value
$1,026,700
Applied tax rate
1,442.0000
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
Car washes
Use group
CAR WASH
Status
Off-Market
Year built
1989
Construction
STEEL FRAME
Heating
OTHER
Stories
1
Total area
2,800 SF
Lot
0.52 ac (22,495 SF)
Zoning code
DC
APN
011410-0605
UPID
US90-1397325
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
DC · Kenmore, WAZoning DC · permitted uses
DC · Kenmore, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The downtown commercial zone features a mix ofprivateand publicusesdesigned to create a small town feel and pedestrian friendly environment
Zone name
Downtown Commercial
General category
COMMERCIAL
Zone area
40.96 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.1M
RETAIL STORES
Est. value
$1.1M
AUTO REPAIR, GARAGE Current
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
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
1989
Construction
STEEL FRAME
Heating
OTHER
Stories
1
Lot
0.52 ac
Current owner
From public records · entity-resolved
6824 Ne 181st Kenmore RT LLC
Entity
Mailing address
PO BOX 82033, KENMORE, WA 98028-0033
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 14, 2023
$1,450,000
6824 Ne 181st Kenmore RT LLC
Jay D Lyons
Warranty Deed
—
Feb 26, 2008
—
Norton L E & R V Living Trust
Norton L E & M V Trust
Quit Claim Deed
related
—
Aug 20, 1996
$424,500
Lawrence E Norton
Ben Holt Industries INC
Grant Deed
$217,628 · Frontier Bank
May 13, 1988
$560,625
Holt Industries In C Ben
Horrican
Grant Deed
—
—
—
Norton Lawrence E & M V Trust
—
Deed Of Trust
related
$100,000 · Frontier Bank
—
—
Norton Lawrence E & M V Trust
—
Deed Of Trust
related
$250,000 · Frontier Bank
—
—
Ben Holt Industries INC
—
Deed Of Trust
related
$305,082 · Frontier 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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