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Property profile & analytics
OFF-MARKET
Estimated value
$10,465,000
Warehouses
1105 Sunset NE Blvd, Renton, WA 98056-2902
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-0914689
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2000
Construction
STEEL FRAME
Total area
61,760 SF
Lot
1.78 ac (77,600 SF)
Zoning code
RM-F
APN
082305-9041
UPID
US90-0914689
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
$8.77M
CAP Approach
CAP
$8.34M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.47M
Owner & transaction history
1105 Sunset LLC · 4 yrs held
1105 Sunset LLC
since 2022
Last sale
$12.2M
7 recorded transactions
Zoning & alternative use
RM-F · Renton, 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 Renton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Renton 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
$10,850,000
ML approach
$8,765,000
CAP Approach
CAP Return
Estimation
6%
$9,035,000
6.5%
$8,340,000
7%
$7,745,000
Blend value · Realmo final
$10.47M
Range $9.42M – $11.51M · ±10% · vs last sale $12.18M (Jan 24 2022)
Last sale anchor
$12.18M
Jan 24 2022
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
$169 / 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
$130,551
Tax year 2022
Assessed value
$12,977,000
Assessed 2022
Previous assessed
$12,977,000
+0.0% YoY
Effective rate
1.01%
On assessed value
Assessed land
$1,164,000
Assessed improvement
$11,813,000
Land market value
$1,164,000
Improvement market value
$11,813,000
Total market value
$12,977,000
Applied tax rate
2,100.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2000
Construction
STEEL FRAME
Heating
SPACE
Buildings
2
Stories
3
Total area
61,760 SF
Lot
1.78 ac (77,600 SF)
Zoning code
RM-F
APN
082305-9041
UPID
US90-0914689
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
RM-F · Renton, WA
Zoning RM-F · permitted uses
RM-F · Renton, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Renton. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2000
Construction
STEEL FRAME
Heating
SPACE
Stories
3
Buildings
2
Lot
1.78 ac
Current owner
From public records · entity-resolved
1105 Sunset LLC
Entity
Mailing address
PO BOX 2034, SANTA MONICA, CA 90406-2034
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2023
—
1105 Sunset Sp LLC
—
Deed
related
$15,250,000 · Barclays Capital Real Estate INC
Jan 24, 2022
$16,300,000
1105 Sunset LLC
1105 Sunset LLC
Warranty Deed
related
$9,400,000 · Key Bank NA
Jan 19, 2022
—
B P R Renton LLC
Urban Renton LLC
Quit Claim Deed
related
—
Sep 30, 2020
$12,183,000
1105 Sunset LLC
Spencer Renton LLC
Warranty Deed
$7,500,000 · Columbia State Bank
Jul 1, 2004
$4,617,500
Spencer Renton LLC
Storage Venture Partners LLC
Grant Deed
$2,990,000 · Cascade Bank
Apr 15, 1999
—
Storage Venture Partners LLC
—
Grant Deed
related
$3,465,000 · Us Bank
—
—
Spencer Renton LLC
—
Deed Of Trust
related
$6,225,000 · First Fed'l S&l Assoc/port Ang
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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