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Property profile & analytics
OFF-MARKET
Estimated value
$1,220,000
Medical Office Space
10413 244th St Kent, WA 98030-4961
Individually Owned
28-yr Hold
~
Est. High Equity
Property ID
US90-0516627
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2003
Construction
WOOD
Total area
5,414 SF
Lot
0.35 ac (15,321 SF)
Zoning code
CC-MU
APN
783080-0292
UPID
US90-0516627
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
by Request
CAP Approach
CAP
$1.21M
Comparable Approach
Comparable
$826k
Blend (final)
Blend
$1.22M
Owner & transaction history
Efren R Caratao · 28 yrs held
Efren R Caratao
since 1997
1 recorded transaction
Zoning & alternative use
CC-MU · Kent, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the CCdistrictis to provide areas for limited commercial activities that serve several residential neighborhoods. It is also the purpose of thisdistrictto provide opportunities formixed use developmentwithin the designated mixeduseoverlay boundary, as designated by thecomprehensive plan
Zone name
Community Commercial And Mixed Use
General category
MIXED_USE
Zone area
301.35 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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,305,000
6.5%
$1,205,000
7%
$1,120,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,875,000
Change: -12% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,870,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$1.22M
Range $1.10M – $1.34M · ±10%
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
$225 / 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
$15,046
Tax year 2022
Assessed value
$1,425,700
Assessed 2022
Previous assessed
$1,425,700
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$275,700
Assessed improvement
$1,150,000
Land market value
$275,700
Improvement market value
$1,150,000
Total market value
$1,425,700
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
2003
Construction
WOOD
Heating
HEAT PUMP
Stories
2
Bathrooms
1
Total area
5,414 SF
Lot
0.35 ac (15,321 SF)
Zoning code
CC-MU
APN
783080-0292
UPID
US90-0516627
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CC-MU · Kent, WAZoning 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
Zoning description
The purpose of the CCdistrictis to provide areas for limited commercial activities that serve several residential neighborhoods. It is also the purpose of thisdistrictto provide opportunities formixed use developmentwithin the designated mixeduseoverlay boundary, as designated by thecomprehensive plan
Zone name
Community Commercial And Mixed Use
General category
MIXED_USE
Zone area
301.35 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$1.9M
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
2003
Construction
WOOD
Heating
HEAT PUMP
Stories
2
Bathrooms
1
Lot
0.35 ac
Current owner
From public records · entity-resolved
Efren R Caratao
Individual
Mailing address
2200 144TH AVE SE, BELLEVUE, WA 98007-6220
Ownership since
1997
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 21, 1997
$146,000
Efren R Caratao
Skagen,verne C & Shirley
Grant Deed
$109,500 · First Mutual Savings 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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