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Property profile & analytics
OFF-MARKET
Estimated value
$1,300,000
Parking lots & garages
16238 112th St Renton, WA 98059
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-2032756
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
2010
Construction
WOOD FRAME
Total area
2,204 SF
Lot
0.47 ac (20,400 SF)
Zoning code
NB
APN
165650-0025
UPID
US90-2032756
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
$1.33M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$825k
Blend (final)
Blend
$1.30M
Owner & transaction history
Gursewak Brar · 3 yrs held
Gursewak Brar
since 2023
Last sale
$1.3M
5 recorded transactions
Zoning & alternative use
NB · Renton, WA
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
$1,255,000
ML approach
$1,325,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.30M
Range $1.17M – $1.43M · ±10% · vs last sale $1.32M (Jan 31 2023)
Last sale anchor
$1.32M
Jan 31 2023
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
$590 / 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
$3,055
Tax year 2022
Assessed value
$306,000
Assessed 2022
Previous assessed
$306,000
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$306,000
Land market value
$306,000
Total market value
$306,000
Applied tax rate
6,997.0000
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
2010
Construction
WOOD FRAME
Heating
NONE
Stories
1
Total area
2,204 SF
Lot
0.47 ac (20,400 SF)
Zoning code
NB
APN
165650-0025
UPID
US90-2032756
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NB · Renton, WAZoning NB · permitted uses
NB · Renton, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Section 4-2-080
Building & site characteristics
From public records
Year built
2010
Construction
WOOD FRAME
Heating
NONE
Stories
1
Lot
0.47 ac
Current owner
From public records · entity-resolved
Gursewak Brar
Individual
Mailing address
11706 164TH AVE SE, RENTON, WA 98059-6116
Ownership since
2023
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 31, 2023
$1,315,000
Gursewak Brar
Anthony Charles Devino
Warranty Deed
$1,100,000 · Anthony Devino
May 13, 2011
—
Anthony C Devino
Devino,kimberly L
Quit Claim Deed
related
—
Jul 31, 2002
$210,000
Anthony C Devino
Tle Pension Plan
Grant Deed
$157,500 · Tle Pension Plan
Aug 22, 1995
$80,040
Tle Pension Plan
Donovan,edwin J & Rose C
Grant Deed
$58,040 · Seller
Feb 23, 1990
$75,000
Nathanal Richerson
Donovan,edwin J
Grant Deed
$63,750 · Donovan Edwin J
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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