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Property profile & analytics
OFF-MARKET
Estimated value
$6,075,000
Office buildings
124 4th S Ave, Kent, WA 98032-5874
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-0104292
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2005
Construction
WOOD
Total area
30,537 SF
Lot
0.4 ac (17,638 SF)
Zoning code
DCE
APN
982570-0345
UPID
US90-0104292
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
-
Doug Jones - State Farm Insurance Agent Insurance Agency
-
Refugee Women's Alliance - Kent office Charitable Organization Social Service Agency
-
Bethany Christian Services Adoption Agency
-
New Day Christian Center Church
-
Northwest Justice Project Kent Office Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.95M
Blend (final)
Blend
$6.08M
Owner & transaction history
King County · 6 yrs held
King County
since 2019
7 recorded transactions
Zoning & alternative use
DCE · Kent, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$9.4M
+18.3%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$7,950,000
Current use
COMMERCIAL (GENERAL)
$9,410,000
Change: +18% · Conversion: Easy
Blend value · Realmo final
$6.08M
Range $5.47M – $6.68M · ±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
$199 / 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
$6,933
Tax year 2022
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
2005
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
30,537 SF
Lot
0.4 ac (17,638 SF)
Zoning code
DCE
APN
982570-0345
UPID
US90-0104292
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
DCE · Kent, WA
Zoning DCE · permitted uses
DCE · 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
OFFICE BUILDING Current
Est. value
$8.0M
COMMERCIAL (GENERAL)
Est. value
$9.4M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
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
2005
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
0.4 ac
Current owner
From public records · entity-resolved
King County
Entity
Mailing address
500 4TH AVE RM #830, SEATTLE, WA 98104-2371
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2019
$6,075,000
King County
Kent Vly Prof Plz LLC
Warranty Deed
—
Mar 7, 2017
—
Kent Valley Prof Plaza LLC
—
Deed
related
—
Mar 28, 2006
—
Kent Valley Prof Plz LLC
Rush Dev Co INC
Warranty Deed
—
Oct 14, 2004
—
Rush Dev Co INC
—
Trustees Deed
related
$3,750,000 · Valley Bk-fl
Sep 5, 2003
$514,800
Rush Developmeny Co LLC
Yahn Properties LLC
Grant Deed
—
Jun 1, 2000
—
Yahn Properties LLC
Yahn,terry K & Marlene R
Quit Claim Deed
related
—
—
—
Yahn Properties LLC
—
Deed Of Trust
related
$165,000 · Key Bank NA
—
—
Kent Valley Prof Plaza LLC
—
Loan Modification
related
—
—
—
Kent Valley Prof Plz LLC
—
Deed Of Trust
related
$1,400,000 · Donald E & Rita F Rush
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.
Try Rey
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