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Property profile & analytics
OFF-MARKET
Estimated value
$805,000
Medical Office Space
16651 108th SE Ave Renton, WA 98055-5108
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-1434691
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1973
Construction
WOOD
Total area
2,852 SF
Lot
0.38 ac (16,450 SF)
Zoning code
CN
APN
008700-0330
UPID
US90-1434691
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
$870k
CAP Approach
CAP
$630k
Comparable Approach
Comparable
$965k
Blend (final)
Blend
$805k
Owner & transaction history
Bhs Properties LLC · 5 yrs held
Bhs Properties LLC
since 2020
Last sale
$750,000
7 recorded transactions
Zoning & alternative use
CN · Renton, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.2M
+19.7%
Retail stores
$1.1M
+16.6%
Office building
$1.0M
+2.8%
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
$855,000
ML approach
$870,000
CAP Approach
CAP Return
Estimation
6%
$685,000
6.5%
$630,000
7%
$585,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$980,000
Current use
AUTO REPAIR, GARAGE
$1,175,000
Change: +20% · Conversion: Difficult
RETAIL STORES
$1,145,000
Change: +17% · Conversion: Difficult
OFFICE BUILDING
$1,010,000
Change: +3% · Conversion: Easy
WAREHOUSE, STORAGE
$840,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$805k
Range $725k – $886k · ±10% · vs last sale $750k (Aug 31 2020)
Last sale anchor
$750k
Aug 31 2020
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
$282 / 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
$8,086
Tax year 2022
Assessed value
$808,100
Assessed 2022
Previous assessed
$808,100
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$246,700
Assessed improvement
$561,400
Land market value
$246,700
Improvement market value
$561,400
Total market value
$808,100
Applied tax rate
2,128.0000
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
1973
Construction
WOOD
Heating
FORCED AIR
Stories
1
Total area
2,852 SF
Lot
0.38 ac (16,450 SF)
Zoning code
CN
APN
008700-0330
UPID
US90-1434691
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CN · Renton, WA
Zoning CN · permitted uses
CN · 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.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$980,000
AUTO REPAIR, GARAGE
Est. value
$1.2M
RETAIL STORES
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.0M
WAREHOUSE, STORAGE
Est. value
$840,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1973
Construction
WOOD
Heating
FORCED AIR
Stories
1
Lot
0.38 ac
Current owner
From public records · entity-resolved
Bhs Properties LLC
Entity
Mailing address
16653 108TH AVE SE, RENTON, WA 98055-5108
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2020
$750,000
Bhs Properties LLC
Thomas A Caspers
Warranty Deed
$600,000 · Columbia State Bank
Jun 5, 2007
$2,500
Puget Sound Energy INC
Caspers,thomas A
Grant Deed
related
—
Jan 29, 1998
$370,000
Thomas A Caspers
Culver,norman C & Ralph B
Grant Deed
$292,500 · Washington Mutual Fsb
Jul 8, 1997
—
Norman C Culver
Culver Dental Clinic
Quit Claim Deed
related
—
Mar 15, 1990
—
Norman C Culver
Culver,mary Ann
Quit Claim Deed
related
—
—
—
Thomas A Caspers
—
Deed Of Trust
related
$350,000 · Kitsap Bank
—
—
Thomas A Caspers
—
Deed Of Trust
related
$260,000 · Key Bank NA
—
—
Thomas A Caspers
—
Deed Of Trust
related
$350,000 · Kitsap Bank
—
—
Thomas A Caspers
—
Deed Of Trust
related
$175,000 · Key Bank NA
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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