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Property profile & analytics
OFF-MARKET
Estimated value
$20,215,000
Grocery and convenience stores
14105 171st Way, Renton, WA 98058
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-0198366
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
82,575 SF
Lot
12.74 ac (554,772 SF)
Zoning code
CB
APN
272305-9038
UPID
US90-0198366
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
$18.95M
Comparable Approach
Comparable
$13.20M
Blend (final)
Blend
$20.22M
Owner & transaction history
Gri Fairwood LLC · 8 yrs held
Gri Fairwood LLC
since 2018
7 recorded transactions
Zoning & alternative use
CB · Renton, 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 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%
$20,520,000
6.5%
$18,945,000
7%
$17,590,000
Alternative Use
Use
Estimation
RETAIL STORES
$33,110,000
Current use
APARTMENT HOUSE (5+ UNITS)
$29,285,000
Change: -12% · Conversion: Difficult
OFFICE BUILDING
$29,180,000
Change: -12% · Conversion: Easy
MEDICAL BUILDING
$28,395,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$20.22M
Range $18.19M – $22.24M · ±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
$245 / 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
$470,250
Tax year 2022
Assessed value
$41,279,900
Assessed 2022
Previous assessed
$41,279,900
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$14,978,800
Assessed improvement
$26,301,100
Land market value
$14,978,800
Improvement market value
$26,301,100
Total market value
$41,279,900
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Buildings
4
Stories
1
Total area
82,575 SF
Lot
12.74 ac (554,772 SF)
Zoning code
CB
APN
272305-9038
UPID
US90-0198366
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CB · Renton, WA
Zoning CB · permitted uses
CB · Renton, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Renton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$33.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$29.3M
OFFICE BUILDING
Est. value
$29.2M
MEDICAL BUILDING
Est. value
$28.4M
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
MEDICAL BUILDING
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
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Buildings
4
Lot
12.74 ac
Current owner
From public records · entity-resolved
Gri Fairwood LLC
Entity
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 22, 2018
—
Gri Fairwood LLC
—
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
May 22, 2001
—
Gms Realty LLC
—
Deed Of Trust
related
$250,000,000 · Wells Fargo Bank
May 26, 1999
—
Ct Retail Properties Finance
Ct Operating Partnership LP
Deed Of Trust
related
$14,500,000 · First Union National Bank
May 18, 1998
$19,200,000
Alexander Haagen Properties
G I R Properties
Grant Deed
related
—
—
—
Ct Retail Properties Finance
—
Deed Of Trust
related
$17,500,000 · First Union National Bank
—
—
Ct Retail Properties Finance
—
Deed Of Trust
related
$22,500,000 · First Union National Bank
—
—
Gms Realty LLC
—
Deed Of Trust
related
$18,590,000 · Nationwide Life Insurance Co
—
—
Gri Fairwood LLC
—
Deed Of Trust
related
$39,625,000 · Miscellaneous Ins Co
—
—
Ct Retail Properties Finance
—
Deed Of Trust
related
$11,500,000 · First Union National Bank
—
—
Ct Retail Properties Finance
—
Deed Of Trust
related
$6,000,000 · First Union National Bank
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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