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Property profile & analytics
OFF-MARKET
Estimated value
$10,400,000
Warehouses
20241 84th S Ave Kent, WA 98032-1250
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-1634950
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
19,320 SF
Lot
4.44 ac (193,545 SF)
Zoning code
I2
APN
012204-9015
UPID
US90-1634950
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
-
Instagolocal Marketing & Advertising IT Consulting Firm
-
APP Cardlock Fuel Gas Station
-
Ingenium Waste Management Facility Hazardous Waste Disposal
-
S&M Auto Sales Car Dealership
-
Dave's Towing & Transport Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.40M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.60M
Blend (final)
Blend
$10.40M
Owner & transaction history
Lift II 84th Avenue South LLC · 4 yrs held
Lift II 84th Avenue South LLC
since 2021
Last sale
$10.1M
7 recorded transactions
Zoning & alternative use
I2 · Kent, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$10.3M
+121.7%
Auto repair, garage
$8.4M
+82.0%
Medical building
$7.6M
+65.1%
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
$10,925,000
ML approach
$10,395,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$10,250,000
Change: +122% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,415,000
Change: +82% · Conversion: Easy
MEDICAL BUILDING
$7,630,000
Change: +65% · Conversion: Difficult
RETAIL STORES
$7,580,000
Change: +64% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$7,370,000
Change: +59% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$6,700,000
Change: +45% · Conversion: Difficult
Blend value · Realmo final
$10.40M
Range $9.36M – $11.44M · ±10% · vs last sale $10.14M (Dec 29 2021)
Last sale anchor
$10.14M
Dec 29 2021
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
$538 / 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
$69,590
Tax year 2022
Assessed value
$6,531,700
Assessed 2022
Previous assessed
$6,531,700
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$4,499,900
Assessed improvement
$2,031,800
Land market value
$4,499,900
Improvement market value
$2,031,800
Total market value
$6,531,700
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Buildings
2
Stories
1
Total area
19,320 SF
Lot
4.44 ac (193,545 SF)
Zoning code
I2
APN
012204-9015
UPID
US90-1634950
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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$10.3M
AUTO REPAIR, GARAGE
Est. value
$8.4M
MEDICAL BUILDING
Est. value
$7.6M
RETAIL STORES
Est. value
$7.6M
INDUSTRIAL (GENERAL)
Est. value
$7.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.7M
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
INDUSTRIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Buildings
2
Lot
4.44 ac
Current owner
From public records · entity-resolved
Lift II 84th Avenue South LLC
Entity
Mailing address
180 SUTTER ST #400, SAN FRANCISCO, CA 94104-4007
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 6, 2025
—
Lift II 84th Avenue South LLC
—
Deed
related
$145,000,000 · Pccp Credit Xi Reit Sub Holdco LLC
Apr 8, 2022
—
Lift II 84th Avenue South LLC
—
Deed
related
$44,250,000 · Prime Finance Short Duration Holding Com
Dec 29, 2021
$10,140,826
Lift II 84th Avenue South LLC
Sjames J Lucero
Warranty Deed
—
Jul 15, 2016
—
James J Lucero
—
Deed
related
$270,000 · Timberland Bank
Dec 29, 1988
$463,000
James J&terri Lucero
Muncey,frances
Grant Deed
$148,200 · Seller
—
—
James J Lucero
—
Deed Of Trust
related
$385,000 · Worldwide Distributors INC
—
—
James J Lucero
—
Deed Of Trust
related
$400,000 · Kitsap Bank
—
—
Associated Petroleum Products
—
Deed Of Trust
related
$450,000 · Columbia State Bank
—
—
James J Lucero
—
Deed Of Trust
related
$600,000 · Seafirst Bank
—
—
James J Lucero
—
Deed Of Trust
related
$1,100,000 · Olympic Bank
—
—
James J Lucero
—
Deed Of Trust
related
$3,027,500 · Rainier Pacific Bank
—
—
James J Lucero
—
Deed Of Trust
related
$1,230,500 · Timberland Bank
—
—
James J Lucero
—
Deed Of Trust
related
$1,200,000 · Mt Rainier National Bank
—
—
James J Lucero
—
Deed Of Trust
related
$250,000 · Mt Rainier National Bank
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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