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Property profile & analytics
OFF-MARKET
Auto shops
8825 Mdw SW Rd Lakewood, WA 98499-2561
Entity Owned
29-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-1491345
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1997
Construction
FRAME
Total area
1,440 SF
Lot
0.59 ac (25,740 SF)
Zoning code
MF1
APN
220353009
UPID
US90-1491345
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
-
Lee Auto Service Auto Repair Shop Vehicle Inspection Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Lakewood City · 29 yrs held
Lakewood City
since 1996
5 recorded transactions
Zoning & alternative use
MF1 · Lakewood, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Multifamily 1 zoning district provides for a variety of medium density housing types and designs offering a wide choice of living accommodations for families of diverse composition and lifestyles
Zone name
Multifamily 1
General category
RESIDENTIAL
Zone area
279.96 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$7,906
Tax year 2024
Assessed value
$698,200
Assessed 2024
Previous assessed
$698,200
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$466,700
Assessed improvement
$231,500
Land market value
$466,700
Improvement market value
$231,500
Total market value
$698,200
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1997
Construction
FRAME
Heating
NONE
Cooling
NONE
Buildings
3
Stories
1
Units
1
Bathrooms
1
Total area
1,440 SF
Lot
0.59 ac (25,740 SF)
Zoning code
MF1
APN
220353009
UPID
US90-1491345
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
MF1 · Lakewood, WAZoning MF1 · permitted uses
MF1 · Lakewood, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Multifamily 1 zoning district provides for a variety of medium density housing types and designs offering a wide choice of living accommodations for families of diverse composition and lifestyles
Zone name
Multifamily 1
General category
RESIDENTIAL
Zone area
279.96 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1997
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Units
1
Bathrooms
1
Lot
0.59 ac
Current owner
From public records · entity-resolved
Lakewood City
Entity
Free & Clear · 29 yrs held
Mailing address
10517 83RD AVE SW, LAKEWOOD, WA 98498-5662
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1996
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 21, 1996
—
Lakewood City
Shin,eon & Chun
Quit Claim Deed
related
—
May 5, 1995
$160,000
Eon W Shin
Tommervik,dale A & Janet K
Grant Deed
$120,000 · United Savings & Loan Bank
—
—
Shin Eon Wan
—
Deed Of Trust
related
$135,000 · M & T Mortgage Corp
—
—
Eon W Shin
—
Deed Of Trust
related
$121,217 · Wells Fargo Home Mortgage INC
—
—
Ron W Shin
—
Deed Of Trust
related
$41,400 · Investors Mortgage Co LP
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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