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Property profile & analytics
OFF-MARKET
Estimated value
$1,715,000
Office buildings
212 Wls S Ave Renton, WA 98057-2142
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-3024492
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1946
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
11,264 SF
Lot
0.13 ac (5,750 SF)
Zoning code
CD
APN
723150-1150
UPID
US90-3024492
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
$1.72M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.65M
Blend (final)
Blend
$1.72M
Owner & transaction history
Caffee Holdings LLC · 4 yrs held
Caffee Holdings LLC
since 2022
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
CD · Renton, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Renton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Renton 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
$1,700,000
ML approach
$1,715,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,720,000
Current use
Blend value · Realmo final
$1.72M
Range $1.54M – $1.89M · ±10% · vs last sale $1.76M (Jul 1 2022)
Last sale anchor
$1.76M
Jul 1 2022
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
$152 / 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
$10,999
Tax year 2022
Assessed value
$978,600
Assessed 2022
Previous assessed
$978,600
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$247,200
Assessed improvement
$731,400
Land market value
$247,200
Improvement market value
$731,400
Total market value
$978,600
Applied tax rate
2,100.0000
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
1946
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
2
Total area
11,264 SF
Lot
0.13 ac (5,750 SF)
Zoning code
CD
APN
723150-1150
UPID
US90-3024492
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CD · Renton, WA
Zoning CD · permitted uses
CD · Renton, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Renton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.7M
OFFICE BUILDING Current
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
1946
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
2
Lot
0.13 ac
Current owner
From public records · entity-resolved
Caffee Holdings LLC
Entity
Mailing address
212 WLS AVE S, RENTON, WA 98057-2142
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2022
$1,760,000
Caffee Holdings LLC
Lmk Investments LLC
Warranty Deed
$1,487,500 · Bank Of The West
May 15, 2015
$749,000
Lmk Investments LLC
Fisher Gregory D
Warranty Deed
$320,000 · Gregory D Fisher
Feb 8, 2007
$1,075,000
Gregory D Fisher
Wells Avenue LLC
Warranty Deed
$675,000 · First Savings Bank Of Renton
Aug 26, 2005
$725,000
Wells Avenue LLC
Koele Properties LLC
Warranty Deed
$600,000 · First Sound Bank
Mar 3, 2003
$500,000
Koele Properties LLC
Dixon,lawrence J
Trustees Deed
—
Dec 23, 1999
—
Renton Cornerstone Investments
—
Deed Of Trust
related
$1,300,000 · Paradigm Financial Services
Mar 13, 1997
$116,000
Lawrence J Dixon
Dmn Partnership
Quit Claim Deed
related
$357,000 · First Mutual Savings Bank
Aug 30, 1990
$240,000
D M N Partnership
Riffle,gary M&li
Grant Deed
—
Jul 22, 1988
$207,500
Gary M Riffle
Castaneda
Grant Deed
$60,200 · Community Bank NA
—
—
D M N Partnership
—
Deed Of Trust
related
$60,000 · National Bank Tukwila
—
—
Gregory D Fisher
—
Deed Of Trust
related
—
—
—
Koele Properties LLC
—
Deed Of Trust
related
$270,000 · Us Bank NA
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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