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Property profile & analytics
OFF-MARKET
Estimated value
$7,650,000
Distribution centers
19845 78th S Ave, Kent, WA 98032
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1672119
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
39,800 SF
Lot
2.24 ac (97,570 SF)
Zoning code
I3
APN
012204-9077
UPID
US90-1672119
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
$7.65M
CAP Approach
CAP
$7.09M
Comparable Approach
Comparable
$8.95M
Blend (final)
Blend
$7.65M
Owner & transaction history
Blusv II Wa 7748 South 200th Street · 2 yrs held
Blusv II Wa 7748 South 200th Street
since 2024
Last sale
$7.7M
4 recorded transactions
Zoning & alternative use
I3 · Kent, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$12.3M
+28.8%
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 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
$7,650,000
ML approach
$7,650,000
CAP Approach
CAP Return
Estimation
6%
$7,680,000
6.5%
$7,090,000
7%
$6,580,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$9,525,000
Current use
COMMERCIAL (GENERAL)
$12,265,000
Change: +29% · Conversion: Difficult
Blend value · Realmo final
$7.65M
Range $6.89M – $8.42M · ±10% · vs last sale $7.65M (Apr 17 2024)
Last sale anchor
$7.65M
Apr 17 2024
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
$192 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$76,699
Tax year 2024
Assessed value
$6,240,800
Assessed 2023
Previous assessed
$6,240,800
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$2,341,600
Assessed improvement
$3,899,200
Land market value
$2,341,600
Improvement market value
$3,899,200
Total market value
$6,240,800
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
39,800 SF
Lot
2.24 ac (97,570 SF)
Zoning code
I3
APN
012204-9077
UPID
US90-1672119
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
I3 · Kent, WA
Zoning I3 · permitted uses
I3 · 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
WAREHOUSE, STORAGE Current
Est. value
$9.5M
COMMERCIAL (GENERAL)
Est. value
$12.3M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
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
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
2.24 ac
Current owner
From public records · entity-resolved
Blusv II Wa 7748 South 200th Street
Individual
Mailing address
1277 LENOX PARK BLVD NE #200, BROOKHAVEN, GA 30319-6010
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 29, 2024
—
Blusv II Wa 7748 South 200th Street
—
Deed
related
$67,685,000 · Canadian Imperial Bank Of Commerce
Apr 17, 2024
$7,650,000
Blusv II Wa 7748 South 200th Street
Henry H Ketcham Lumber Company INC
Special Warranty Deed
—
Jan 30, 1998
—
Henry H Ketcham Lumber Co
Phelps Trust
Deed Of Trust
related
$1,520,000 · Wells Fargo Bank
Jul 1, 1997
$1,900,000
Ketcham Lumber Co
Phelps Trust
Grant Deed
$1,400,000 · Seller
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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