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Property profile & analytics
OFF-MARKET
Estimated value
$11,820,000
Distribution centers
21804 76th S Ave Kent, WA 98032
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-1602484
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
104,979 SF
Lot
7.81 ac (340,206 SF)
Zoning code
I3
APN
122204-9077
UPID
US90-1602484
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.82M
Owner & transaction history
Bre Jupiter B East Wa Owner LLC · 2 yrs held
Bre Jupiter B East Wa Owner LLC
since 2024
6 recorded transactions
Zoning & alternative use
I3 · Kent, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The I3 heavy industrial district is primarily intended to accommodate large scale, high impact uses, including raw materials and metals processing, large scale warehousing and distribution, and other activities
Zone name
Heavy Industrial
General category
INDUSTRIAL
Zone area
748.68 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$113 / 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
$225,584
Tax year 2024
Assessed value
$17,465,800
Assessed 2023
Previous assessed
$17,465,800
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$7,569,500
Assessed improvement
$9,896,300
Land market value
$7,569,500
Improvement market value
$9,896,300
Total market value
$17,465,800
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
104,979 SF
Lot
7.81 ac (340,206 SF)
Zoning code
I3
APN
122204-9077
UPID
US90-1602484
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
I3 · Kent, WAZoning I3 · permitted uses
I3 · Kent, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The I3 heavy industrial district is primarily intended to accommodate large scale, high impact uses, including raw materials and metals processing, large scale warehousing and distribution, and other activities
Zone name
Heavy Industrial
General category
INDUSTRIAL
Zone area
748.68 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
7.81 ac
Current owner
From public records · entity-resolved
Bre Jupiter B East Wa Owner LLC
Entity
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 14, 2024
—
Bre Jupiter B East Wa Owner LLC
Icon Owner Pool 1 West LLC
Warranty Deed
$470,000,000 · Wells Fargo Bank NA
Mar 18, 2015
$23,854,258
Icon Owner Pool 1 West LLC
Cwwa Mill Creek 3 LLC
Grant Deed
—
Jun 8, 2007
$20,000,000
Walton Cwwa Mill Creek 3 LLC
Calwest Indl Holdings LLC
Grant Deed
—
Dec 14, 1999
$11,824,500
Cal West Industrial Properties
Spieker Properties LP
Grant Deed
—
Sep 7, 1994
—
Properties LP Spiker
76th Street Asso
Grant Deed
related
—
May 11, 1988
$508,901
76th Street Associates
Widing
Grant Deed
—
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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