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Property profile & analytics
OFF-MARKET
Estimated value
$2,675,000
Warehouses
1213 4th N Ave Kent, WA 98032-2939
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-1635955
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1991
Construction
STEEL FRAME
Total area
16,500 SF
Lot
1.24 ac (54,098 SF)
Zoning code
I2
APN
383090-0260
UPID
US90-1635955
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
-
Kent Spray Foam Insulation General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.74M
CAP Approach
CAP
$2.94M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.68M
Owner & transaction history
1213 4th Ave Kent LLC · 5 yrs held
1213 4th Ave Kent LLC
since 2021
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
I2 · 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
$2,695,000
ML approach
$2,740,000
CAP Approach
CAP Return
Estimation
6%
$3,185,000
6.5%
$2,940,000
7%
$2,730,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,950,000
Current use
Blend value · Realmo final
$2.68M
Range $2.41M – $2.94M · ±10% · vs last sale $2.50M (Mar 18 2021)
Last sale anchor
$2.50M
Mar 18 2021
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
$162 / 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
$30,157
Tax year 2022
Assessed value
$2,825,600
Assessed 2022
Previous assessed
$2,825,600
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$1,284,800
Assessed improvement
$1,540,800
Land market value
$1,284,800
Improvement market value
$1,540,800
Total market value
$2,825,600
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1991
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Total area
16,500 SF
Lot
1.24 ac (54,098 SF)
Zoning code
I2
APN
383090-0260
UPID
US90-1635955
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
I2 · Kent, WA
Zoning I2 · permitted uses
I2 · 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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$4.0M
WAREHOUSE, STORAGE Current
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
1991
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Lot
1.24 ac
Current owner
From public records · entity-resolved
1213 4th Ave Kent LLC
Entity
Mailing address
2629 NW 54TH ST #201, SEATTLE, WA 98107-4157
Ownership since
2021
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
Aug 16, 2021
—
1213 4th Avenue Kent LLC
—
Deed
related
$50,000 · Zb NA
Mar 18, 2021
—
1213 4th Ave Kent LLC
Thetis LLC
Quit Claim Deed
related
—
Sep 14, 2020
$2,500,000
Thetis LLC
Rivermax Investments LLC
Warranty Deed
—
Sep 22, 2011
$1,500,000
Rivermax Investments LLC
Madin,thomas S
Warranty Deed
—
Apr 27, 1990
$216,400
Stanley T Madin
Leago,crant W
Grant Deed
$630,000 · Puget Sound National Bank
Jun 23, 1988
$157,475
Grant W Leago
Young,mercedes J
Grant Deed
$107,475 · Young Mercedes J
—
—
Thomas S Madin
—
Deed Of Trust
related
$318,221 · Key Bank NA
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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