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Property profile & analytics
OFF-MARKET
Estimated value
$4,945,000
Warehouses
1621 Central S Ave, Kent, WA 98032-7450
Entity Owned
~
Est. High Equity
Property ID
US90-1076285
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1969
Construction
STEEL FRAME
Total area
51,600 SF
Lot
2.37 ac (103,156 SF)
Zoning code
CM
APN
346280-0165
UPID
US90-1076285
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
-
Overhead Door Company of Seattle-Residential Building Supply General Contractor
-
Western Union Bank Credit Union
-
Tap Demolition Construction Company General Contractor
-
United Pest Solutions Garden Center
-
Huskies Remodeling LLC Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.95M
Owner & transaction history
Plemmons Industrial Park LLC
Plemmons Industrial Park LLC
since 2026
5 recorded transactions
Zoning & alternative use
CM · 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
$96 / 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
$55,559
Tax year 2022
Assessed value
$4,591,200
Assessed 2022
Previous assessed
$4,591,200
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$1,547,300
Assessed improvement
$3,043,900
Land market value
$1,547,300
Improvement market value
$3,043,900
Total market value
$4,591,200
Applied tax rate
1,526.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1969
Construction
STEEL FRAME
Heating
SPACE
Stories
2
Total area
51,600 SF
Lot
2.37 ac (103,156 SF)
Zoning code
CM
APN
346280-0165
UPID
US90-1076285
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CM · Kent, WA
Zoning CM · permitted uses
CM · 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
1969
Construction
STEEL FRAME
Heating
SPACE
Stories
2
Lot
2.37 ac
Current owner
From public records · entity-resolved
Plemmons Industrial Park LLC
Entity
Mailing address
PO BOX 1068, KENT, WA 98035-1068
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 16, 2026
—
Plemmons Industrial Park LLC
—
Deed
related
$2,116,010 · Heritage Bank
Dec 1, 2025
—
Plemmons Industries INC
—
Deed
related
$1,000,000 · Heritage Southeast Bank
Aug 25, 2003
—
Plemmons Industries INC
—
Deed Of Trust
related
$1,200,000 · Pierce Commercial Bank
—
—
Brad Enterprises INC
—
Deed Of Trust
related
$598,000 · Washington Federal Savings
—
—
Plemmons Industries INC
—
Deed Of Trust
related
$810,883 · Columbia State 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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