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Property profile & analytics
OFF-MARKET
Estimated value
$3,385,000
Office buildings
206 Railroad N Ave, Kent, WA 98032-4533
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-1808327
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1930
Construction
FRAME
Total area
11,352 SF
Lot
0.54 ac (23,400 SF)
Zoning code
DCE
APN
917960-1470
UPID
US90-1808327
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
$3.18M
CAP Approach
CAP
$3.66M
Comparable Approach
Comparable
$2.46M
Blend (final)
Blend
$3.39M
Owner & transaction history
Voices Of Tomorrow · 2 yrs held
Voices Of Tomorrow
since 2023
Last sale
$3.5M
7 recorded transactions
Zoning & alternative use
DCE · Kent, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.9M
+67.3%
Medical building
$4.5M
+51.7%
Retail stores
$4.5M
+50.7%
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
$3,200,000
ML approach
$3,175,000
CAP Approach
CAP Return
Estimation
6%
$3,960,000
6.5%
$3,655,000
7%
$3,395,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,955,000
Current use
AUTO REPAIR, GARAGE
$4,945,000
Change: +67% · Conversion: Difficult
MEDICAL BUILDING
$4,485,000
Change: +52% · Conversion: Easy
RETAIL STORES
$4,455,000
Change: +51% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$4,330,000
Change: +46% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,935,000
Change: +33% · Conversion: Easy
COMMERCIAL (GENERAL)
$3,500,000
Change: +18% · Conversion: Easy
Blend value · Realmo final
$3.39M
Range $3.05M – $3.72M · ±10% · vs last sale $3.45M (Nov 22 2023)
Last sale anchor
$3.45M
Nov 22 2023
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
$298 / 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
$23,200
Tax year 2024
Assessed value
$1,679,700
Assessed 2023
Previous assessed
$1,679,700
+0.0% YoY
Effective rate
1.38%
On assessed value
Assessed land
$538,200
Assessed improvement
$1,141,500
Land market value
$538,200
Improvement market value
$1,141,500
Total market value
$1,679,700
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1930
Construction
FRAME
Heating
FORCED AIR
Stories
1
Total area
11,352 SF
Lot
0.54 ac (23,400 SF)
Zoning code
DCE
APN
917960-1470
UPID
US90-1808327
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
$3.0M
AUTO REPAIR, GARAGE
Est. value
$4.9M
MEDICAL BUILDING
Est. value
$4.5M
RETAIL STORES
Est. value
$4.5M
INDUSTRIAL (GENERAL)
Est. value
$4.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.9M
COMMERCIAL (GENERAL)
Est. value
$3.5M
OFFICE BUILDING Current
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
1930
Construction
FRAME
Heating
FORCED AIR
Stories
1
Lot
0.54 ac
Current owner
From public records · entity-resolved
Voices Of Tomorrow
Individual
Mailing address
15811 AMBAUM BLVD SW STE #170, BURIEN, WA 98166-3066
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2023
$3,450,000
Voices Of Tomorrow
Vivian Eberle LLC
Warranty Deed
$2,587,500 · Vivian Eberle LLC
Sep 30, 2011
$860,000
Vivian Eberle LLC
Sterling Savings Bank
Special Warranty Deed
$795,000 · Community West Bank NA
Feb 14, 2011
$1,307,650
Sterling Svgs Bk
Blackstone Corp
Trustees Deed
related
—
Jul 14, 2006
—
Nk Dev LLC
City Of Kent
Warranty Deed
$1,450,000 · Sterling Savings Bank
Jul 3, 2003
—
Kent City (wa)
Kent Downtown Public Market De
Quit Claim Deed
related
—
May 27, 1999
—
Kent Downtown Public Market
Kent City (wa)
Quit Claim Deed
related
—
Jul 24, 1995
$355,800
Kent City
Brutsche,leo C & Norma J
Grant Deed
—
Mar 10, 1994
$350,000
Andy M Wangstad
Brutsche,leo C &
Grant Deed
$378,000 · Cascade Community Bank
Apr 5, 1993
—
Brutsche,leo C&norma J
Karney,robert M&
Grant Deed
related
—
—
—
Nk Dev LLC
—
Deed Of Trust
related
$220,000 · Sterling Savings 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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