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Property profile & analytics
OFF-MARKET
Estimated value
$1,755,000
Office buildings
11201 Kent Kangley Rd, Kent, WA 98030-9030
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-1057151
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1990
Construction
WOOD
Total area
2,016 SF
Lot
0.2 ac (8,659 SF)
Zoning code
CC-MU
APN
883040-0031
UPID
US90-1057151
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
$1.88M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.76M
Owner & transaction history
Per Zap Properties LLC · 1 yrs held
Per Zap Properties LLC
since 2025
Last sale
$1.7M
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
$1,745,000
ML approach
$1,880,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.76M
Range $1.58M – $1.93M · ±10% · vs last sale $1.70M (Mar 5 2025)
Last sale anchor
$1.70M
Mar 5 2025
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
$871 / 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
$4,699
Tax year 2022
Assessed value
$433,400
Assessed 2022
Previous assessed
$433,400
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$173,100
Assessed improvement
$260,300
Land market value
$173,100
Improvement market value
$260,300
Total market value
$433,400
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1990
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Total area
2,016 SF
Lot
0.2 ac (8,659 SF)
Zoning code
CC-MU
APN
883040-0031
UPID
US90-1057151
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
1990
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Lot
0.2 ac
Current owner
From public records · entity-resolved
Per Zap Properties LLC
Entity
Mailing address
PO BOX 8TH 8, HOBART, WA 98025-0008
Ownership since
2025
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
Mar 5, 2025
$1,700,000
Per Zap Properties LLC
Richard K Kaercher
Warranty Deed
$1,000,000 · Banner Bank
Jan 28, 2003
—
Richard K Kaercher
Kaercher,richard K
Quit Claim Deed
related
$250,400 · First Savings Bank Renton
Aug 10, 2001
—
Richard K Kaercher
Kaercher,karen
Quit Claim Deed
related
—
Aug 10, 2001
$313,500
Richard K Kaercher
Hall,lowell A & Jewel M
Grant Deed
$250,880 · Lowell A & Jewel M
Jan 2, 1990
—
Lowell A Hall
Hall,lowell A&je
Quit Claim Deed
related
—
—
—
Hall Properties
—
Deed Of Trust
related
$95,450 · City Wide Mortgage INC
—
—
Lowell A Hall
—
Deed Of Trust
related
$37,050 · Dollar Mortgage Corp
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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