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Property profile & analytics
FOR LEASE
Commercial real estate
15423 SE 272Nd St Kent, WA 98042
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-0730176
For Lease
1 / 4
$30 SF/Yr
15423 SE 272Nd St, Kent, WA 98042
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
18,528 SF
Lot
0.88 ac (38,421 SF)
Zoning code
CC
APN
716220-0026
UPID
US90-0730176
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
-
Northwest Tri & Bike (Bike/Boat/Book/etc) Store
-
Illusion Dance Academy Training Center
-
Dgw Pizza Inc Restaurant
-
Rainier Valley Realty Real Estate Agency
-
DogSpaw Pet Grooming Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Rdk Investments LLC · 2 yrs held
Rdk Investments LLC
since 2024
Last sale
$200,000
7 recorded transactions
Zoning & alternative use
CC · Kent, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$68,658
Tax year 2024
Assessed value
$5,829,700
Assessed 2023
Previous assessed
$5,829,700
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$787,600
Assessed improvement
$5,042,100
Land market value
$787,600
Improvement market value
$5,042,100
Total market value
$5,829,700
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Lease
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
1
Total area
18,528 SF
Lot
0.88 ac (38,421 SF)
Zoning code
CC
APN
716220-0026
UPID
US90-0730176
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.
Building & site characteristics
From public records
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.88 ac
Current owner
From public records · entity-resolved
Rdk Investments LLC
Entity
Mailing address
3507 171ST ST SW, LYNNWOOD, WA 98037-9100
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2024
$200,000
Rdk Investments LLC
Dsbbsp LLC
Warranty Deed
$4,900,000 · Cathay Bank A Californi
Feb 28, 2017
—
Dsbbsp LLC
—
Deed
related
$3,350,000 · Boeing Emps Cu
Sep 20, 2005
—
Dsbbsp LLC
—
Trustees Deed
related
$2,650,000 · Foundation Bank
Jul 9, 2004
$1,330,000
Dsbbsp LLC
Dfm LLC
Grant Deed
—
Aug 4, 1999
$285,800
Dfm LLC
Morrison,robert A & Juanita K
Grant Deed
—
Jul 2, 1992
—
Robert A Morrison
Morrison,janann
Quit Claim Deed
related
—
—
—
Dsbbsp LLC
—
Deed Of Trust
related
$3,350,000 · Boeing Emps Cu
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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