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Property profile & analytics
OFF-MARKET
Estimated value
$27,780,000
Office buildings
1201 27th St Renton, WA 98057-2603
Individually Owned
21-yr Hold
Free & Clear
Property ID
US90-0516255
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
104,351 SF
Lot
9.52 ac (414,692 SF)
Zoning code
CO
APN
088670-0330
UPID
US90-0516255
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
$30.07M
Comparable Approach
Comparable
$35.80M
Blend (final)
Blend
$27.78M
Owner & transaction history
Federal Reserve Bk Of San Francis · 21 yrs held
Federal Reserve Bk Of San Francis
since 2005
1 recorded transaction
Zoning & alternative use
CO · Renton, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$42.9M
+70.4%
Retail stores
$41.8M
+66.1%
Apartment house (5+ units)
$37.0M
+46.9%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$32,570,000
6.5%
$30,065,000
7%
$27,915,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$25,190,000
Current use
AUTO REPAIR, GARAGE
$42,930,000
Change: +70% · Conversion: Difficult
RETAIL STORES
$41,845,000
Change: +66% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$37,010,000
Change: +47% · Conversion: Easy
MEDICAL BUILDING
$35,880,000
Change: +42% · Conversion: Easy
WAREHOUSE, STORAGE
$30,825,000
Change: +22% · Conversion: Difficult
Blend value · Realmo final
$27.78M
Range $25.00M – $30.56M · ±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
$266 / 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
$325,998
Tax year 2022
Assessed value
$33,108,800
Assessed 2022
Previous assessed
$33,108,800
+0.0% YoY
Effective rate
0.98%
On assessed value
Assessed land
$10,885,600
Assessed improvement
$22,223,200
Land market value
$10,885,600
Improvement market value
$22,223,200
Total market value
$33,108,800
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Buildings
3
Stories
3
Total area
104,351 SF
Lot
9.52 ac (414,692 SF)
Zoning code
CO
APN
088670-0330
UPID
US90-0516255
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CO · Renton, WA
Zoning CO · permitted uses
CO · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$25.2M
AUTO REPAIR, GARAGE
Est. value
$42.9M
RETAIL STORES
Est. value
$41.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$37.0M
MEDICAL BUILDING
Est. value
$35.9M
WAREHOUSE, STORAGE
Est. value
$30.8M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
Yes
Stories
3
Buildings
3
Lot
9.52 ac
Current owner
From public records · entity-resolved
Federal Reserve Bk Of San Francis
Individual
Free & Clear · 21 yrs held
Mailing address
101 MARKET ST, SAN FRANCISCO, CA 94105-1530
Ownership since
2005
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
May 4, 2005
$7,627,356
Federal Reserve Bk Of San Francis
Longacres Park INC
Warranty Deed
—
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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