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Property profile & analytics
OFF-MARKET
Estimated value
$3,870,000
Office buildings
14300 Petrovitsky Rd Renton, WA 98058-8955
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0998592
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
11,000 SF
Lot
0.63 ac (27,443 SF)
Zoning code
CB
APN
342305-9146
UPID
US90-0998592
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
$3.87M
CAP Approach
CAP
$3.17M
Comparable Approach
Comparable
$2.52M
Blend (final)
Blend
$3.87M
Owner & transaction history
Petrovitsky Road Holdings LLC · 1 yrs held
Petrovitsky Road Holdings LLC
since 2024
Last sale
$3.9M
4 recorded transactions
Zoning & alternative use
CB · Renton, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.8M
+48.5%
Commercial (general)
$5.6M
+43.2%
Auto repair, garage
$4.5M
+16.4%
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
$3,870,000
ML approach
$3,870,000
CAP Approach
CAP Return
Estimation
6%
$3,435,000
6.5%
$3,170,000
7%
$2,945,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,885,000
Current use
RESTAURANT
$5,770,000
Change: +49% · Conversion: Moderate
COMMERCIAL (GENERAL)
$5,565,000
Change: +43% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,525,000
Change: +16% · Conversion: Difficult
RETAIL STORES
$4,410,000
Change: +13% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$3,900,000
Change: +0% · Conversion: Easy
MEDICAL BUILDING
$3,780,000
Change: -3% · Conversion: Easy
WAREHOUSE, STORAGE
$3,250,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$3.87M
Range $3.48M – $4.26M · ±10% · vs last sale $3.87M (Dec 31 2024)
Last sale anchor
$3.87M
Dec 31 2024
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
$352 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$30,198
Tax year 2024
Assessed value
$2,339,000
Assessed 2023
Previous assessed
$2,339,000
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$933,000
Assessed improvement
$1,406,000
Land market value
$933,000
Improvement market value
$1,406,000
Total market value
$2,339,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
2
Total area
11,000 SF
Lot
0.63 ac (27,443 SF)
Zoning code
CB
APN
342305-9146
UPID
US90-0998592
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
OFFICE BUILDING Current
Est. value
$3.9M
RESTAURANT
Est. value
$5.8M
COMMERCIAL (GENERAL)
Est. value
$5.6M
AUTO REPAIR, GARAGE
Est. value
$4.5M
RETAIL STORES
Est. value
$4.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.9M
MEDICAL BUILDING
Est. value
$3.8M
WAREHOUSE, STORAGE
Est. value
$3.3M
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
2
Lot
0.63 ac
Current owner
From public records · entity-resolved
Petrovitsky Road Holdings LLC
Entity
Mailing address
12205 164TH AVE SE, RENTON, WA 98059-6414
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2025
—
Petrovitsky Road Holdings LLC
—
Deed
related
$2,730,000 · Numerica Cu
Dec 31, 2024
$3,870,000
Petrovitsky Road Holdings LLC
David C Winter
Warranty Deed
$2,709,000 · Veristone Fund I LLC
—
—
Bruce W Solly Development Co
—
Deed Of Trust
related
$680,000 · Money Back Investment Corp
—
—
Bruce W Solly Development Co
—
Deed Of Trust
related
$652,000 · Frontier 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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