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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Manufacturing properties
18226 68th NE Ave Kenmore, WA 98028-2601
Entity Owned
3-yr Hold
Free & Clear
Property ID
US90-0743131
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1985
Construction
WOOD
Total area
11,296 SF
Lot
0.86 ac (37,445 SF)
Zoning code
DR
APN
011410-0480
UPID
US90-0743131
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
$850k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$660k
Blend (final)
Blend
$640k
Owner & transaction history
Pulte Homes Of Washington INC · 3 yrs held
Pulte Homes Of Washington INC
since 2022
Last sale
$469,990
7 recorded transactions
Zoning & alternative use
DR · Kenmore, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
mined by the city manager . ( Ord. 11-0329 , § 3 (Exh. 1) ; Ord. 17-0438 , § 2 (Att. A) ) § 18.24.040 Zoning standards. Specific zone-based development standards for the downtown residential zone in Table B apply to the DR zone as follows: Table B. Downtown Residential Development Standards STANDARD REQUIREMENT Base Density: Dwelling Units /Gross Acre 1 48;…
Zone name
Downtown Residential
General category
COMMERCIAL
Zone area
27.10 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
Method
Estimation
Statistic approach
$745,000
ML approach
$850,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$640k
Range $576k – $704k · ±10% · vs last sale $470k (Feb 6 2026)
Last sale anchor
$470k
Feb 6 2026
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
$57 / 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
$20,281
Tax year 2022
Assessed value
$1,463,900
Assessed 2022
Previous assessed
$1,463,900
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$1,123,300
Assessed improvement
$340,600
Land market value
$1,123,300
Improvement market value
$340,600
Total market value
$1,463,900
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1985
Construction
WOOD
Heating
OTHER
Stories
2
Total area
11,296 SF
Lot
0.86 ac (37,445 SF)
Zoning code
DR
APN
011410-0480
UPID
US90-0743131
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
DR · Kenmore, WAZoning DR · permitted uses
DR · Kenmore, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
mined by the city manager . ( Ord. 11-0329 , § 3 (Exh. 1) ; Ord. 17-0438 , § 2 (Att. A) ) § 18.24.040 Zoning standards. Specific zone-based development standards for the downtown residential zone in Table B apply to the DR zone as follows: Table B. Downtown Residential Development Standards STANDARD REQUIREMENT Base Density: Dwelling Units /Gross Acre 1 48; applies east of 68th Avenue NE Maximum Density: Dwelling Units /Gross Acre with De
Zone name
Downtown Residential
General category
COMMERCIAL
Zone area
27.10 ac
Building & site characteristics
From public records
Year built
1985
Construction
WOOD
Heating
OTHER
Stories
2
Lot
0.86 ac
Current owner
From public records · entity-resolved
Pulte Homes Of Washington INC
Entity
Free & Clear · 3 yrs held
Mailing address
3535 FACTORIA BLVD SE STE #600, BELLEVUE, WA 98006-1292
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 2, 2022
$9,000,000
Pulte Homes Of Washington INC
Jultim LLC
Bargain And Sale Deed
—
Sep 12, 2006
—
City Of Kenmore
Jultim LLC
Warranty Deed
—
Nov 3, 1998
—
Jultim LLC
Murph,james G & Norma J
Quit Claim Deed
related
—
—
—
Jultim LLC
—
Loan Modification
related
$500,000 · Us Bk
—
—
Jultim LLC
—
Deed Of Trust
related
$400,000 · Us Bank NA
—
—
Jultim LLC
—
Loan Modification
related
$500,000 · Us Bk
—
—
Jultim LLC
—
Loan Modification
related
$500,000 · Us Bk
—
—
Jultim LLC
—
Loan Modification
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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