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Property profile & analytics
OFF-MARKET
Estimated value
$1,850,000
Commercial land
1315 30th St 1321 Renton, WA 98056-2144
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-0253383
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1927
Total area
950 SF
Lot
0.45 ac (19,564 SF)
Zoning code
R-6
APN
334210-3270
UPID
US90-0253383
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
$1.91M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.85M
Owner & transaction history
Malik Paras · 5 yrs held
Malik Paras
since 2020
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
R-6 · Renton, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Residential-6 (R-6) Zone is established for single-family and allows middle housing where there is land suitable for infill and larger lot development at a moderate density. The R-6 Zone implements the Residential Medium Density land use designation
Zone name
Residential 6 Dwelling Unit Per Acre
General category
RESIDENTIAL
Zone area
1,291.03 ac
Source
Realmo
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
$1,995,000
ML approach
$1,905,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.85M
Range $1.67M – $2.04M · ±10% · vs last sale $1.75M (Sep 1 2020)
Last sale anchor
$1.75M
Sep 1 2020
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
$1,947 / 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
$7,218
Tax year 2022
Assessed value
$782,500
Assessed 2022
Previous assessed
$782,500
+0.0% YoY
Effective rate
0.92%
On assessed value
Assessed land
$782,500
Land market value
$782,500
Total market value
$782,500
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1927
Heating
FORCED AIR
Stories
1
Bathrooms
1
Total area
950 SF
Lot
0.45 ac (19,564 SF)
Zoning code
R-6
APN
334210-3270
UPID
US90-0253383
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
R-6 · Renton, WAZoning R-6 · permitted uses
R-6 · Renton, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Residential-6 (R-6) Zone is established for single-family and allows middle housing where there is land suitable for infill and larger lot development at a moderate density. The R-6 Zone implements the Residential Medium Density land use designation
Zone name
Residential 6 Dwelling Unit Per Acre
General category
RESIDENTIAL
Zone area
1,291.03 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1927
Heating
FORCED AIR
Stories
1
Bathrooms
1
Lot
0.45 ac
Current owner
From public records · entity-resolved
Malik Paras
Individual
Mailing address
26220 116TH AVE SE, KENT, WA 98030-8663
Ownership since
2020
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
Sep 1, 2020
$1,750,000
Malik Paras
Paul R Miller
Warranty Deed
—
Sep 1, 2020
—
Malik Paras
Richard Malik
Quit Claim Deed
related
—
Jul 1, 2009
$447,500
Paul R Miller
1315 Kennydale LLC
Warranty Deed
—
Jul 1, 2009
—
1315 Kennydale LLC
Chee,wan T & Tammy M
Quit Claim Deed
related
—
Apr 30, 1990
$101,000
Wan T Chee
Guthrie,stephan
Grant Deed
—
Aug 19, 1988
$81,000
Stephan R Guthrie
Ault
Grant Deed
$71,300 · Seller
—
—
Wan T Chee
—
Deed Of Trust
related
$112,000 · Bank Of America
—
—
Wan T Chee
—
Deed Of Trust
related
$252,000 · American Brokers Conduit
—
—
Albert V Miller JR.
—
Deed Of Trust
related
$62,489 · Custom Showcase Bld
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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