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Property profile & analytics
FOR LEASE
Office buildings
20415 72Nd Ave S, Kent, WA 98032
Individually Owned
2-yr Hold
Free & Clear
Property ID
US90-0738272
For Lease
1 / 13
$24,105,000
20415 72Nd Ave S, Kent, WA 98032
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Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Construction
CONCRETE
Total area
75,612 SF
Lot
12.63 ac (550,232 SF)
Zoning code
I1
APN
012204-9012
UPID
US90-0738272
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
-
Usame Dahir: Skyline Properties, Inc. Real Estate Agency
-
Star Produce Agricultural Supply Food Market
-
Western Overseas Corporation | Customs Brokerage & Freight Forwarding Logistics Company
-
The Jech Team - Real Estate Broker Real Estate Agency
-
Clark Scovel Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$24.35M
Comparable Approach
Comparable
$30.23M
Blend (final)
Blend
$24.11M
Owner & transaction history
Stateof Washington · 2 yrs held
Stateof Washington
since 2023
7 recorded transactions
Zoning & alternative use
I1 · Kent, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$40.1M
+103.8%
Auto repair, garage
$32.9M
+67.3%
Medical building
$29.9M
+51.7%
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%
$26,375,000
6.5%
$24,345,000
7%
$22,605,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$19,690,000
Current use
RESTAURANT
$40,115,000
Change: +104% · Conversion: Moderate
AUTO REPAIR, GARAGE
$32,930,000
Change: +67% · Conversion: Difficult
MEDICAL BUILDING
$29,865,000
Change: +52% · Conversion: Easy
RETAIL STORES
$29,660,000
Change: +51% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$28,835,000
Change: +46% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$26,215,000
Change: +33% · Conversion: Easy
COMMERCIAL (GENERAL)
$23,300,000
Change: +18% · Conversion: Easy
Blend value · Realmo final
$24.11M
Range $21.69M – $26.52M · ±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
$319 / 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
$402,866
Tax year 2022
Assessed value
$36,783,000
Assessed 2022
Previous assessed
$36,783,000
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$11,978,500
Assessed improvement
$24,804,500
Land market value
$11,978,500
Improvement market value
$24,804,500
Total market value
$36,783,000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1984
Construction
CONCRETE
Heating
OTHER
Buildings
2
Stories
4
Total area
75,612 SF
Lot
12.63 ac (550,232 SF)
Zoning code
I1
APN
012204-9012
UPID
US90-0738272
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
I1 · Kent, WA
Zoning I1 · permitted uses
I1 · 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 Current
Est. value
$19.7M
RESTAURANT
Est. value
$40.1M
AUTO REPAIR, GARAGE
Est. value
$32.9M
MEDICAL BUILDING
Est. value
$29.9M
RETAIL STORES
Est. value
$29.7M
INDUSTRIAL (GENERAL)
Est. value
$28.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$26.2M
COMMERCIAL (GENERAL)
Est. value
$23.3M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
INDUSTRIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1984
Construction
CONCRETE
Heating
OTHER
Stories
4
Buildings
2
Lot
12.63 ac
Current owner
From public records · entity-resolved
Stateof Washington
Individual
Free & Clear · 2 yrs held
Ownership since
2023
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
Dec 20, 2023
—
Stateof Washington
J&j Creekside LLC
Lease
—
Aug 1, 2019
$39,000,000
J & J Creekside LLC
Lbj Creekside LLC
Grant Deed
—
Jan 13, 2016
$26,490,000
Lbj Creekside LLC
Upi Creeksides LLC
Special Warranty Deed
$18,250,000 · First Republic Bank
Dec 20, 2013
$17,600,000
Upi Creeksides LLC
Teachers Ins & Annuity Assn Of Am
Grant Deed
$12,650,000 · Compass Bank
Jul 10, 2006
$40,250,000
Teachers Ins & Annuity Assn Of Am
Bit Holdings Forty-eight INC
Grant Deed
—
Jul 9, 1999
$40,653,152
Intrarock I LLC
Boeing Co
Grant Deed
—
May 31, 1989
$21,600
Boeing Company
Corporate
Grant Deed
—
—
—
Intrarock 1 LLC
—
Deed Of Trust
related
$8,000,000 · Bank Of America
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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