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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Grocery and convenience stores
15209 272nd St, Kent, WA 98042-4223
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-1314211
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1996
Construction
WOOD
Total area
2,479 SF
Lot
0.81 ac (35,450 SF)
Zoning code
CC
APN
352205-9053
UPID
US90-1314211
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
-
ATM (East Kent Shell) Atm
-
Express Roofing Services Roofing Company General Contractor
-
Lake Meridian Chevron Gas Station
-
Chevron Gas Station
-
Food Mart Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$345k
CAP Approach
CAP
$635k
Comparable Approach
Comparable
$681k
Blend (final)
Blend
$550k
Owner & transaction history
Riegersong INC · 6 yrs held
Riegersong INC
since 2019
7 recorded transactions
Zoning & alternative use
CC · Kent, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$360,000
+306.1%
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 Kent submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kent 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
$345,000
CAP Approach
CAP Return
Estimation
6%
$685,000
6.5%
$635,000
7%
$585,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$360,000
Change: +306% · Conversion: Moderate
Blend value · Realmo final
$550k
Range $495k – $605k · ±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
$222 / 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
$16,025
Tax year 2022
Assessed value
$1,562,100
Assessed 2022
Previous assessed
$1,562,100
+0.0% YoY
Effective rate
1.03%
On assessed value
Assessed land
$1,081,200
Assessed improvement
$480,900
Land market value
$1,081,200
Improvement market value
$480,900
Total market value
$1,562,100
Applied tax rate
1,519.0000
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
CONVENIENCE STORE
Status
Off-Market
Year built
1996
Construction
WOOD
Heating
GAS
Cooling
AC.PACKAGE
Stories
1
Total area
2,479 SF
Lot
0.81 ac (35,450 SF)
Zoning code
CC
APN
352205-9053
UPID
US90-1314211
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CC · Kent, WA
Zoning CC · permitted uses
CC · Kent, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kent. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$360,000
OFFICE 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
1996
Construction
WOOD
Heating
GAS
Cooling
Yes
Stories
1
Lot
0.81 ac
Current owner
From public records · entity-resolved
Riegersong INC
Entity
Mailing address
PO BOX 3299, KIRKLAND, WA 98083-3299
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 23, 2024
—
Riegersong INC
—
Deed
related
$717,517 · Harborstone Cu
Aug 8, 2019
—
Riegersong INC
Riegersong Properties LLC
Quit Claim Deed
related
$2,900,000 · First Sound Bk
Nov 8, 2013
—
Craig Wilson
No Snow II LLC
Quit Claim Deed
related
—
Nov 8, 2013
$2,168,000
Riegersong Properties LLC
Bidman,calleen
Warranty Deed
$2,436,000 · Cnl Mortgage
Aug 23, 2006
—
Meridian South Prof Ctr LLC
Chaffeur,michael P & Darci G
Quit Claim Deed
related
—
Jun 12, 1998
—
No Snow II LLC
Wilson,calvin D & Betty J
Grant Deed
related
—
Jan 22, 1997
—
Wilson Investments LLC
Wilson,calvin D & Betty J
Quit Claim Deed
related
—
—
—
Riegersong INC
—
Loan Modification
related
$2,900,000 · First Sound Bk
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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