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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Assisted living facilities
10421 248th St Kent, WA 98030-4931
Trust Owned
9-yr Hold
Free & Clear
Property ID
US90-1764728
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
15,864 SF
Lot
2.91 ac (126,933 SF)
Zoning code
CC-MU
APN
202205-9208
UPID
US90-1764728
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
-
Aegis Living Kent Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$525k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$526k
Blend (final)
Blend
$525k
Owner & transaction history
Connelly,william & Cinda Trust · 9 yrs held
Connelly,william & Cinda Trust
since 2016
7 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
by Request
ML approach
$525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$525k
Range $473k – $578k · ±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
$33 / 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
$51,385
Tax year 2022
Assessed value
$4,456,400
Assessed 2022
Previous assessed
$4,456,400
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$2,157,800
Assessed improvement
$2,298,600
Land market value
$2,157,800
Improvement market value
$2,298,600
Total market value
$4,456,400
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Stories
1
Units
24
Bathrooms
1
Total area
15,864 SF
Lot
2.91 ac (126,933 SF)
Zoning code
CC-MU
APN
202205-9208
UPID
US90-1764728
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.
Building & site characteristics
From public records
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Stories
1
Units
24
Bathrooms
1
Lot
2.91 ac
Current owner
From public records · entity-resolved
Connelly,william & Cinda Trust
Trust
Free & Clear · 9 yrs held
Mailing address
415 118TH AVE SE, BELLEVUE, WA 98005-3518
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 29, 2016
—
Connelly,william & Cinda Trust
Connelly,william M & Cinda J
Quit Claim Deed
related
—
Jun 28, 2016
—
Alan C Eichstaedts
—
Deed
related
$7,500,000 · First Community Bank
Jun 10, 2016
—
Alan C Eichstaedt
—
Deed
related
$7,500,000 · First Community Bank
May 27, 2016
—
Connelly,francis J & S A Trust
248th Street LLC
Quit Claim Deed
—
Nov 9, 2011
$1,881,870
248th Street LLC
Billa Management LLC
Warranty Deed
—
Nov 9, 2011
$2,447,057
248th Street LLC
Weston Graham Trust
Warranty Deed
$5,900,000 · First Community Bank
Nov 15, 2006
$7,708,000
248th Street LLC
Royalton Of Kent LLC
Warranty Deed
$6,150,000 · Exchange Bank
Nov 18, 1998
—
Regent/kent LLC
—
Deed Of Trust
related
$3,437,500 · Us Bank
Feb 23, 1998
$620,000
Regent Assisted Living INC
Hofstad,edmund & Klara
Grant Deed
—
—
—
Royalton Kent LLC
—
Deed Of Trust
related
$4,100,000 · Farmers Insurance Group FCU
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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