New search
Property profile & analytics
FOR SALE
Office buildings
12705 Renton Ave S, Seattle, WA 98178
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US90-1268842
No photos on file
For Sale
$485,000
12705 Renton Ave S, Seattle, WA 98178
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1950
Construction
FRAME
Total area
1,353 SF
Lot
0.13 ac (5,738 SF)
Zoning code
CBPSO
APN
758020-0430
UPID
US90-1268842
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
-
Tyson Hawkins - State Farm Insurance Agent Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Kevin Property LLC
Kevin Property LLC
since 2026
Last sale
$450,000
5 recorded transactions
Zoning & alternative use
CBPSO · Seattle, 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 Seattle submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Seattle 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2024Property tax & assessments
Tax year 2024
Tax billed
$3,032
Tax year 2024
Assessed value
$189,400
Assessed 2023
Previous assessed
$189,400
+0.0% YoY
Effective rate
1.60%
On assessed value
Assessed land
$108,400
Assessed improvement
$81,000
Land market value
$108,400
Improvement market value
$81,000
Total market value
$189,400
Applied tax rate
4,205.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
For Sale
Year built
1950
Construction
FRAME
Heating
ELECTRIC
Cooling
CENTRAL
Stories
1
Total area
1,353 SF
Lot
0.13 ac (5,738 SF)
Zoning code
CBPSO
APN
758020-0430
UPID
US90-1268842
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CBPSO · Seattle, WA
Zoning CBPSO · permitted uses
CBPSO · Seattle, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Seattle. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1950
Construction
FRAME
Heating
ELECTRIC
Cooling
Yes
Stories
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
Kevin Property LLC
Entity
Mailing address
3221 NE MALLARD ST S, CAMAS, WA 98607-6923
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 3, 2026
$450,000
Kevin Property LLC
David Y S And May Lo Living Trust
Warranty Deed
—
Jan 5, 1998
$250,000
Lo Trust
Meland,walter E & Murel J
Grant Deed
$150,000 · Individual
—
—
Lo David Y S & May Trust
—
Deed Of Trust
related
$223,000 · State Farm Bank Fsb
—
—
Lo David Y S & May L Trust
—
Deed Of Trust
related
$240,000 · Harborstone Cu
—
—
Lo David Y S & May Trust
—
Deed Of Trust
related
$250,000 · State Farm Bank Fsb
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
