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Property profile & analytics
OFF-MARKET
Estimated value
$3,270,000
Medical Office Space
10024 240th St Kent, WA 98031-5124
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-1652597
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1988
Construction
WOOD
Total area
14,892 SF
Lot
0.96 ac (41,776 SF)
Zoning code
CC-MU
APN
172205-9015
UPID
US90-1652597
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
-
Long Dao Physician
-
NW Spinal Rehabilitation Clinic Alternative Medicine Practice
-
Coreen Klein Physician
-
Kristin Burns Physician
-
Deborah Deweber Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.27M
CAP Approach
CAP
$3.31M
Comparable Approach
Comparable
$4.55M
Blend (final)
Blend
$3.27M
Owner & transaction history
Kent East Hill Building LLC · 4 yrs held
Kent East Hill Building LLC
since 2021
Last sale
$3.2M
3 recorded transactions
Zoning & alternative use
CC-MU · Kent, 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 Kent submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kent 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
$3,415,000
ML approach
$3,270,000
CAP Approach
CAP Return
Estimation
6%
$3,585,000
6.5%
$3,310,000
7%
$3,075,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$5,165,000
Change: -12% · Conversion: Moderate
COMMERCIAL (GENERAL)
$5,145,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$3.27M
Range $2.94M – $3.60M · ±10% · vs last sale $3.17M (Oct 29 2021)
Last sale anchor
$3.17M
Oct 29 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
$220 / 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
$28,705
Tax year 2022
Assessed value
$2,709,200
Assessed 2022
Previous assessed
$2,709,200
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$835,500
Assessed improvement
$1,873,700
Land market value
$835,500
Improvement market value
$1,873,700
Total market value
$2,709,200
Applied tax rate
1,526.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1988
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Total area
14,892 SF
Lot
0.96 ac (41,776 SF)
Zoning code
CC-MU
APN
172205-9015
UPID
US90-1652597
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CC-MU · Kent, WA
Zoning CC-MU · permitted uses
CC-MU · Kent, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kent. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.2M
COMMERCIAL (GENERAL)
Est. value
$5.1M
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (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
1988
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Lot
0.96 ac
Current owner
From public records · entity-resolved
Kent East Hill Building LLC
Entity
Mailing address
10024 SE 204TH ST #220, KENT, WA 98031-1516
Mailing matches property
Yes
Owner-occupied
Yes
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 29, 2021
$3,170,000
Kent East Hill Building LLC
James Street Building LLC
Warranty Deed
$2,219,000 · Bank Of America NA
Dec 30, 2016
—
James Street Building LLC
West,chester C
Quit Claim Deed
related
—
—
—
Chester C West
—
Deed Of Trust
related
$750,000 · Seafirst 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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