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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Grocery and convenience stores
17600 272nd St, Kent, WA 98042
Entity Owned
27-yr Hold
~
Est. High Equity
Property ID
US90-1719282
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,680 SF
Lot
0.55 ac (23,809 SF)
Zoning code
MC
APN
252205-9130
UPID
US90-1719282
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
$370k
CAP Approach
CAP
$685k
Comparable Approach
Comparable
$564k
Blend (final)
Blend
$540k
Owner & transaction history
Covington Corner LLC · 27 yrs held
Covington Corner LLC
since 1998
7 recorded transactions
Zoning & alternative use
MC · Kent, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$385,000
+306.1%
Auto repair, garage
$355,000
+272.9%
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
Method
Estimation
Statistic approach
by Request
ML approach
$370,000
CAP Approach
CAP Return
Estimation
6%
$740,000
6.5%
$685,000
7%
$635,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$385,000
Change: +306% · Conversion: Moderate
AUTO REPAIR, GARAGE
$355,000
Change: +273% · Conversion: Difficult
Blend value · Realmo final
$540k
Range $486k – $594k · ±10%
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
$201 / 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
$15,585
Tax year 2022
Assessed value
$1,293,600
Assessed 2022
Previous assessed
$1,293,600
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$714,200
Assessed improvement
$579,400
Land market value
$714,200
Improvement market value
$579,400
Total market value
$1,293,600
Applied tax rate
1,064.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Total area
2,680 SF
Lot
0.55 ac (23,809 SF)
Zoning code
MC
APN
252205-9130
UPID
US90-1719282
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
MC · Kent, WA
Zoning MC · permitted uses
MC · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$385,000
AUTO REPAIR, GARAGE
Est. value
$355,000
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Lot
0.55 ac
Current owner
From public records · entity-resolved
Covington Corner LLC
Entity
Mailing address
7180 KOLL CTR PKWY STE #100, PLEASANTON, CA 94566-3272
Ownership since
1998
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 16, 2009
—
Convenience Retailers LLC
—
Deed Of Trust
related
$370,000,000 · Conocophillips Co
Dec 24, 1998
—
Covington Corner LLC
Hammer,kenneth S & Jette
Quit Claim Deed
related
—
Mar 1, 1996
$176,666
Kenneth S Hammer
Koon-boen INC
Grant Deed
—
Oct 16, 1992
—
Hammer,kenneth S&jette&
Multicare Health
Grant Deed
related
—
—
—
Apro LLC
—
Loan Modification
related
—
—
—
Apro LLC
—
Deed Of Trust
related
—
—
—
Convenience Retailers LLC
—
Deed Of Trust
related
—
—
—
Convenience Retailers LLC
—
Deed Of Trust
related
—
—
—
Convenience Retailers LLC
—
Loan Modification
related
—
—
—
Convenience Retailers LLC
—
Deed Of Trust
related
$140,000,000 · Us Bank NA
—
—
Covington Corner LLC
—
Deed Of Trust
related
$1,500,000 · Sound Community Bank
—
—
Convenience Retailers LLC
—
Deed Of Trust
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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