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    Property profile & analytics

    7833 28th St Mercer Island, WA 98040-2902

    • Auto shops
    • 1,000 SF
    • 0.30 lot acres
    OFF-MARKET
    Value Estimation
    $2,665,000
    Last Sale
    May 16, 2024
    $2,700,000
    Location Intelligence
    Property ID
    US90-0676713
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Shell / Gas Station / Convenience Store

    Property Details for 7833 28th St

    Year built
    1955
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.30 lot acres
    Property size
    1,000 SF
    Zone code
    TC
    Property type
    Auto shops
    APN
    545230-0380
    APU
    5452300380

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,700,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,755,000
      6.5%
      $2,610,000
      7%
      $2,395,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,415,000
      Geo Method
      $2,260,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,365,000
      Retail
      $2,290,000
      Mixed-Use
      $2,725,000
      Hospitality
      $3,100,000
      Educational
      $3,205,000
      Residential Income
      $2,450,000
      Energy
      $2,680,000
      Income-Based Land
      $3,150,000
      Food Service
      $2,465,000

    Location Insight

    • Map
    • Local Demand
    City
    Mercer Island
    County
    King
    State
    Washington
    Longitude
    -122.232
    Latitude
    47.5852
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $19,194
    $2,376,000
    $343,700
    $2,719,700
    -
    $2,376,000
    $343,700
    $2,719,700

    Comparable in this City

    • Value Estimation by Request
      15,232 SF

      9601 36th St

      AUTO REPAIR, GARAGE • 15,232 SF
      9601 36th St, Mercer Island, WA 98040-3732
      View Details
    • Value Estimation
      $3,830,000
      4,087 SF

      2728 80th SE Ave

      AUTO REPAIR, GARAGE • 4,087 SF
      2728 80th SE Ave, Mercer Island, WA 98040-2966
      View Details
    • Value Estimation by Request
      2,815 SF

      2730 80th SE Ave

      AUTO REPAIR, GARAGE • 2,815 SF
      2730 80th SE Ave, Mercer Island, WA 98040-2966
      View Details
    • Value Estimation by Request
      1,251 SF

      8421 68th St

      AUTO REPAIR, GARAGE • 1,251 SF
      8421 68th St, Mercer Island, WA 98040-5235
      View Details
    • Value Estimation by Request
      2,180 SF

      7655 Sunset Hwy

      AUTO REPAIR, GARAGE • 2,180 SF
      7655 Sunset Hwy, Mercer Island, WA 98040-2824
      View Details
    • Value Estimation by Request
      0.91 Acres

      9555 36th St

      PARKING LOT • 0.91 Acres
      9555 36th St, Mercer Island, WA 98040-3703
      View Details

    Similar Nearby for Sale

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      Mercer Island Land Opportunity

      Expansive lot near Pioneer Park with preliminary home plans.
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      View Details
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      Desirable Lot with Lake Views

      Rare opportunity to build on a nearly half-acre lot.
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      Light-filled end-unit studio in the heart of Mercer Island.
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      View Details
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      Mercer Island Mixed-Use Development Site

      Prime 0.44-acre site near future light rail.
      3003 Island Crest Way, Mercer Island, WA 98040
      View Details

    Similar Nearby for Lease

    • $32 SF/Yr
      5,900 SF

      Mercer Island Retail Space Available

      Retail space in busy shopping center with ample parking.
      8451 Southeast 68Th St, Mercer Island, WA 98040
      View Details
    • $37 SF/Yr
      3,017 SF

      Mercer Island Retail Spaces Available

      Prime retail space, multiple units, excellent location.
      7633 27Th St, Mercer Island, WA 98040
      View Details
    • Contact for pricing
      1,286 SF

      Mercer Island Retail/Restaurant Space

      New mixed-use development with retail/restaurant space in Mercer Island.
      2750 77Th Ave SE, Mercer Island, WA 98040
      View Details
    • $39 SF/Yr
      770 SF

      Mercer Island Retail Space Available

      Retail space available in Mercer Island, Washington.
      2630 77Th Ave SE, Mercer Island, WA 98040
      View Details
    • $37 SF/Yr
      580 SF

      Mercer Island Retail Space Available

      Retail space in open-air center, Downtown Mercer Island.
      7633-7679 SE 27Th St, Mercer Island, WA 98040
      View Details
    • $32 SF/Yr
      5,028 SF

      Mercer Island Class A Office

      Class A office space in the heart of Mercer Island.
      2758 78Th Ave SE, Mercer Island, WA 98040
      View Details

    Property Visit Statistics

    • Visits by month
      7.9k
    • Visitors by month
      5.4k
    • Avg Time on site
      6 min
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    7833 28th St
    Mercer Island, WA 98040-2902
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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