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Property profile & analytics
OFF-MARKET
Estimated value
$1,095,000
Medical Office Space
1620 Duvall NE Ave, Renton, WA 98059-3975
Individually Owned
20-yr Hold
~
Est. High Equity
Property ID
US90-1311760
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1988
Construction
WOOD
Total area
7,750 SF
Lot
0.65 ac (28,400 SF)
Zoning code
CA
APN
516970-0051
UPID
US90-1311760
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.10M
Owner & transaction history
Seung W Lee · 20 yrs held
Seung W Lee
since 2006
4 recorded transactions
Zoning & alternative use
CA · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$141 / 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
$16,526
Tax year 2022
Assessed value
$1,682,600
Assessed 2022
Previous assessed
$1,682,600
+0.0% YoY
Effective rate
0.98%
On assessed value
Assessed land
$766,800
Assessed improvement
$915,800
Land market value
$766,800
Improvement market value
$915,800
Total market value
$1,682,600
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1988
Construction
WOOD
Heating
HEAT PUMP
Stories
2
Total area
7,750 SF
Lot
0.65 ac (28,400 SF)
Zoning code
CA
APN
516970-0051
UPID
US90-1311760
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CA · Renton, WA
Zoning CA · permitted uses
CA · 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
1988
Construction
WOOD
Heating
HEAT PUMP
Stories
2
Lot
0.65 ac
Current owner
From public records · entity-resolved
Seung W Lee
Individual
Mailing address
2910 226TH PL SE, SAMMAMISH, WA 98075-7300
Ownership since
2006
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
Jun 19, 2006
$4,750,000
Seung W Lee
Shannons Village LLC
Warranty Deed
$3,562,500 · Shannon's Village LLC
Jun 19, 2006
—
Shannons Village LLC
Shannon Village Ptshp
Quit Claim Deed
related
—
May 18, 1992
$2,900,000
Shannon Village
Lone
Grant Deed
$1,508,000 · Summit Savings Bank
—
—
Seung W Lee
—
Deed Of Trust
related
$4,350,000 · Bank Of Hope
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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