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Property profile & analytics
OFF-MARKET
Estimated value
$12,035,000
Day care centers
1602 Raymond SW Ave, Renton, WA 98057-2651
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-0906990
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
1994
Construction
WOOD
Total area
6,050 SF
Lot
1.21 ac (52,590 SF)
Zoning code
CO
APN
334040-4003
UPID
US90-0906990
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
$8.39M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.04M
Owner & transaction history
B H 1602 Raymond Avenue LLC · 4 yrs held
B H 1602 Raymond Avenue LLC
since 2022
Last sale
$13.8M
7 recorded transactions
Zoning & alternative use
CO · 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
$12,250,000
ML approach
$8,390,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$12.04M
Range $10.83M – $13.24M · ±10% · vs last sale $13.75M (May 20 2022)
Last sale anchor
$13.75M
May 20 2022
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
$1,989 / 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
$17,902
Tax year 2022
Assessed value
$1,851,000
Assessed 2022
Previous assessed
$1,851,000
+0.0% YoY
Effective rate
0.97%
On assessed value
Assessed land
$1,406,700
Assessed improvement
$444,300
Land market value
$1,406,700
Improvement market value
$444,300
Total market value
$1,851,000
Applied tax rate
2,100.0000
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
1994
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Total area
6,050 SF
Lot
1.21 ac (52,590 SF)
Zoning code
CO
APN
334040-4003
UPID
US90-0906990
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CO · Renton, WA
Zoning CO · permitted uses
CO · 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.
Building & site characteristics
From public records
Year built
1994
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Lot
1.21 ac
Current owner
From public records · entity-resolved
B H 1602 Raymond Avenue LLC
Entity
Mailing address
PO BOX 49993, LOS ANGELES, CA 90049-0993
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 20, 2022
—
B H 1602 Raymond Avenue LLC
B H 1601 Lind Avenue LLC
Quit Claim Deed
related
—
Dec 4, 2020
—
Bh 1601 Lind Avenue LLC
—
Deed
related
$9,572,693 · Cit Bk NA
Sep 17, 2018
—
B H 1601 Lind Avenue LLC
—
Deed
related
$22,750,000 · Cit Bank NA
Apr 23, 2018
$13,750,000
Bh 1601 Lind Avenue LLC
Fp-faa Seattle LLC
Grant Deed
—
Aug 30, 2007
$36,000,000
Renton Acquisition LLC
Walton Renton Invtrs III LLC
Grant Deed
$19,800,000 · Ing Life Ins & Annunity Co
May 21, 2003
—
Grantor Liquidating Tru Rosche
Rosche One Interest LP
Quit Claim Deed
related
—
Sep 22, 1994
$28,250,000
Washington One Interests LP
L-o Renton I INC
Grant Deed
$22,500,000 · Berliner Handels-und Frankfurt
Mar 8, 1991
$20,428,527
L-o Renton I INC
The Austin Compa
Grant Deed
$16,751,400 · Security Pacific National Bank
—
—
Bh 1601 Lind Avenue LLC
—
Loan Modification
related
$9,572,693 · Cit Bk NA
—
—
Washington One Interests LP
—
Deed Of Trust
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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