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Property profile & analytics
OFF-MARKET
Estimated value
$3,585,000
Commercial real estate
14028 Petrovitsky Rd Renton, WA 98058-8933
Entity Owned
8-yr Hold
Free & Clear
Property ID
US90-2651791
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1981
Construction
WOOD
Total area
16,414 SF
Lot
2.5 ac (108,736 SF)
Zoning code
CB
APN
272305-9041
UPID
US90-2651791
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
$3.34M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.59M
Owner & transaction history
Gri Fairwood LLC · 8 yrs held
Gri Fairwood LLC
since 2018
7 recorded transactions
Zoning & alternative use
CB · Renton, WA
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%
$3,610,000
6.5%
$3,335,000
7%
$3,095,000
Blend value · Realmo final
$3.59M
Range $3.23M – $3.94M · ±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
$218 / 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
$75,087
Tax year 2022
Assessed value
$6,231,100
Assessed 2022
Previous assessed
$6,231,100
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$3,262,000
Assessed improvement
$2,969,100
Land market value
$3,262,000
Improvement market value
$2,969,100
Total market value
$6,231,100
Applied tax rate
5,162.0000
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 real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1981
Construction
WOOD
Heating
OTHER
Cooling
OTHER
Stories
1
Total area
16,414 SF
Lot
2.5 ac (108,736 SF)
Zoning code
CB
APN
272305-9041
UPID
US90-2651791
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CB · Renton, WAZoning CB · permitted uses
CB · Renton, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Section 4-2-080
Building & site characteristics
From public records
Year built
1981
Construction
WOOD
Heating
OTHER
Cooling
Yes
Stories
1
Lot
2.5 ac
Current owner
From public records · entity-resolved
Gri Fairwood LLC
Entity
Free & Clear · 8 yrs held
Mailing address
4350 EW HWY STE #400, BETHESDA, MD 20814-4426
Ownership since
2018
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
Mar 22, 2018
—
Gri Fairwood LLC
—
Grant Deed
related
$39,625,000 · Miscellaneous Ins Co
Jan 9, 2018
$77,500,000
Gri Fairwood LLC
Trc Fairwood Shopping Center L
Grant Deed
—
Oct 8, 2013
—
Trc Fairwood Shopping Center L
Terramar Retail Centers LLC
Grant Deed
$43,000,000 · Prudential Insurance Co Americ
Jan 14, 2004
—
Gms Realty LLC
—
Deed Of Trust
related
$18,590,000 · Nationwide Life Insurance Co
May 22, 2001
—
Gms Realty LLC
—
Deed Of Trust
related
$250,000,000 · Wells Fargo Bank
Aug 5, 1999
—
Ct Retail Properties Finance
—
Deed Of Trust
related
$11,500,000 · First Union National Bank
Jun 2, 1999
—
Ct Retail Properties Finance
—
Deed Of Trust
related
$6,000,000 · First Union National Bank
May 26, 1999
—
Ct Retail Properties Finance
Ct Operating Partnership LP
Deed Of Trust
related
$22,500,000 · First Union National Bank
May 18, 1998
$19,200,000
Alexander Haagen Properties
G I R Properties
Grant Deed
related
—
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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