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Property profile & analytics
OFF-MARKET
Estimated value
$770,000
Office buildings
205 Madison N Ave, Kent, WA 98032-4408
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US90-0105237
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1908
Construction
WOOD
Total area
3,649 SF
Lot
0.72 ac (31,300 SF)
Zoning code
DCE
APN
295190-0015
UPID
US90-0105237
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
-
Edward Jones - Financial Advisor: Kevin P Hasslinger, CFP®|CEPA®|AAMS™ Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$569k
Blend (final)
Blend
$770k
Owner & transaction history
Shaggy Dog LLC · 13 yrs held
Shaggy Dog LLC
since 2013
7 recorded transactions
Zoning & alternative use
DCE · Kent, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+18.3%
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
Alternative Use
Use
Estimation
OFFICE BUILDING
$950,000
Current use
COMMERCIAL (GENERAL)
$1,125,000
Change: +18% · Conversion: Easy
WAREHOUSE, STORAGE
$875,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$770k
Range $693k – $847k · ±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
$211 / 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
$10,623
Tax year 2022
Assessed value
$976,600
Assessed 2022
Previous assessed
$976,600
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$719,900
Assessed improvement
$256,700
Land market value
$719,900
Improvement market value
$256,700
Total market value
$976,600
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
Off-Market
Year built
1908
Construction
WOOD
Heating
HEAT PUMP
Buildings
2
Stories
2
Bathrooms
2
Total area
3,649 SF
Lot
0.72 ac (31,300 SF)
Zoning code
DCE
APN
295190-0015
UPID
US90-0105237
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
DCE · Kent, WA
Zoning DCE · permitted uses
DCE · 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
$950,000
COMMERCIAL (GENERAL)
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$875,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1908
Construction
WOOD
Heating
HEAT PUMP
Stories
2
Buildings
2
Bathrooms
2
Lot
0.72 ac
Current owner
From public records · entity-resolved
Shaggy Dog LLC
Entity
Mailing address
23422 95TH CT S, KENT, WA 98031-2972
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 14, 2013
$600,000
Shaggy Dog LLC
Mead Partners LLC
Warranty Deed
$550,428 · Valley Bank
Jun 6, 2012
—
Mead Partners LLC
Eastside Fndg LLC
Quit Claim Deed
related
—
Jun 6, 2012
$475,003
Mead Partners LLC
Mn Service Corp Wa
Trustees Deed
related
—
Feb 1, 2012
$40,000
Foundation Bk
Ludlow John T
Trustees Deed
related
—
Dec 27, 2005
—
Kiel Mortgage INC
U & A Ents LLC
Grant Deed
$3,000,000 · Foundation Bank
Oct 29, 2004
—
U & A Ents LLC
Kiel,daniel L & Laura J
Quit Claim Deed
related
$856,000 · Us Bank NA
Apr 9, 2004
—
U & A Enterprises LLC
Kiel,daniel L & Laura J
Quit Claim Deed
related
—
Jan 29, 2004
$410,000
Daniel L Kiel
Vaughn,harold D & Loretta A
Grant Deed
$369,000 · Kiel Mortgage INC
—
—
Kiel Mortgage INC
—
Deed Of Trust
related
$350,000 · Foundation Bank
—
—
Daniel L Kiel
—
Deed Of Trust
related
$400,000 · Serena R Everts
—
—
Harold D Vaughn
—
Deed Of Trust
related
$236,000 · Us Bank NA Nd
—
—
Harold D Vaughn
—
Deed Of Trust
related
$131,000 · Washington Federal Savings
—
—
Harold D Vaughn
—
Deed Of Trust
related
$80,000 · Washington Federal Savings
—
—
Shaggy Dog LLC
—
Deed Of Trust
related
$305,794 · Valley Bank
—
—
Shaggy Dog LLC
—
Deed Of Trust
related
$257,000 · Ameritrust Cdc
—
—
U & A Ents LLC
—
Deed Of Trust
related
$200,000 · Regal Financial 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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