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Property profile & analytics
OFF-MARKET
Estimated value
$1,855,000
Office buildings
17425 68th NE Ave Kenmore, WA 98028-3529
Entity Owned
7-yr Hold
Free & Clear
Property ID
US90-1500679
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1996
Construction
WOOD
Total area
10,787 SF
Lot
0.44 ac (19,044 SF)
Zoning code
RB
APN
112604-9121
UPID
US90-1500679
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
$1.86M
Owner & transaction history
City Of Kentmore · 7 yrs held
City Of Kentmore
since 2018
5 recorded transactions
Zoning & alternative use
RB · Kenmore, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the regional business zone (RB) is to provide for the broadest mix of retail sales, office, wholesale, and service uses , with compatible storage and light manufacturing uses , serving regional market areas and offering significant employment opportunities. These purposes are accomplished by supporting existing businesses and encouraging compa…
Zone name
Regional Business
General category
INDUSTRIAL
Zone area
86.04 ac
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 Kenmore submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kenmore 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
$172 / 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
$13,506
Tax year 2022
Assessed value
$1,183,400
Assessed 2022
Previous assessed
$1,183,400
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$666,500
Assessed improvement
$516,900
Land market value
$666,500
Improvement market value
$516,900
Total market value
$1,183,400
Applied tax rate
1,442.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1996
Construction
WOOD
Heating
FORCED AIR
Stories
1
Total area
10,787 SF
Lot
0.44 ac (19,044 SF)
Zoning code
RB
APN
112604-9121
UPID
US90-1500679
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
RB · Kenmore, WAZoning RB · permitted uses
RB · Kenmore, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the regional business zone (RB) is to provide for the broadest mix of retail sales, office, wholesale, and service uses , with compatible storage and light manufacturing uses , serving regional market areas and offering significant employment opportunities. These purposes are accomplished by supporting existing businesses and encouraging compact and mixed use development that is supportive of transit and pedestrian travel for the future. ( Ord. 11-0329 , § 3 (Exh. 1) ; Ord. 14-0391 , § 2 (Exh. 1) )
Zone name
Regional Business
General category
INDUSTRIAL
Zone area
86.04 ac
Building & site characteristics
From public records
Year built
1996
Construction
WOOD
Heating
FORCED AIR
Stories
1
Lot
0.44 ac
Current owner
From public records · entity-resolved
City Of Kentmore
Entity
Free & Clear · 7 yrs held
Mailing address
309 160TH AVE NE, BELLEVUE, WA 98008-4343
Ownership since
2018
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
Oct 10, 2018
$500
City Of Kentmore
A & G Property LLC
Grant Deed
—
Jan 18, 1996
—
A & G Property LLC
Herring,alton & Angie
Grant Deed
related
—
Mar 14, 1994
—
King County
Herring,alton &
Grant Deed
related
—
Oct 15, 1993
$240,000
Alton Herring
Hanby,matt P
Grant Deed
—
Jul 17, 1989
—
Matt P Hanby
Kloven,lillian C
Quit Claim Deed
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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