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Property profile & analytics
FOR LEASE
Industrial properties
19717 62Nd Ave S, Kent, WA 98032
Entity Owned
23-yr Hold
~
Est. High Equity
Property ID
US90-1219615
For Lease
$2,250,000
19717 62Nd Ave S, Kent, WA 98032
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
30,372 SF
Lot
6.76 ac (294,456 SF)
Zoning code
I2
APN
660021-0180
UPID
US90-1219615
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
Current use
Occupant on record · Public records
-
Noble Interiors and Design inc. Interior Design Home Decor Store
-
ALS Association Evergreen Charitable Organization Social Service Agency
-
Walker Business Plaza Business Service Center Corporate Office
-
Solutions Real Estate Real Estate Agency
-
Enterprise Rent A Car Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.36M
Blend (final)
Blend
$2.25M
Owner & transaction history
Wft Co Two LLC · 23 yrs held
Wft Co Two LLC
since 2003
7 recorded transactions
Zoning & alternative use
I2 · Kent, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.25M
Range $2.03M – $2.48M · ±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
$74 / 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
$198,152
Tax year 2022
Assessed value
$18,711,300
Assessed 2022
Previous assessed
$18,711,300
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$6,846,100
Assessed improvement
$11,865,200
Land market value
$6,846,100
Improvement market value
$11,865,200
Total market value
$18,711,300
Applied tax rate
1,526.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Buildings
3
Stories
1
Total area
30,372 SF
Lot
6.76 ac (294,456 SF)
Zoning code
I2
APN
660021-0180
UPID
US90-1219615
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
I2 · Kent, WA
Zoning I2 · permitted uses
I2 · 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.
Building & site characteristics
From public records
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Stories
1
Buildings
3
Lot
6.76 ac
Current owner
From public records · entity-resolved
Wft Co Two LLC
Entity
Mailing address
PO BOX 997, SNOQUALMIE, WA 98065-0997
Ownership since
2003
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
Feb 10, 2022
—
Wft Company Two LLC
—
Deed
related
$1,000,000 · Heritage Southeast Bank
Dec 10, 2020
—
Wft Co Two LLC
—
Deed
related
$4,750,000 · Walker Fam Survivor's Tr (pt)
Jan 7, 2020
—
Wft Co One LLC
—
Deed
related
$3,500,000 · Walker Fam Survivor's Tr (pt)
Mar 28, 2003
$2,414,530
Wft Co Two LLC
Boeing Co
Grant Deed
$1,800,000 · Sterling Savings Bank
—
—
Wft Co Two LLC
—
Deed Of Trust
related
$8,500,000 · Transamerica Occidental Life
—
—
Wft Co One LLC
—
Deed Of Trust
related
$3,500,000 · Walker Fam Survivor's Tr (pt)
—
—
Wft Co Two LLC
—
Deed Of Trust
related
$8,450,000 · Bank Of America
—
—
Wft Co Two LLC
—
Deed Of Trust
related
$4,750,000 · Walker Fam Survivor's Tr (pt)
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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