New search
Property profile & analytics
OFF-MARKET
Estimated value
$8,110,000
Medical Office Space
219 State N Ave, Kent, WA 98030-4543
Individually Owned
24-yr Hold
Free & Clear
Property ID
US90-2480887
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2018
Construction
CONCRETE
Total area
37,806 SF
Lot
0.17 ac (7,200 SF)
Zoning code
DCE
APN
917960-1325
UPID
US90-2480887
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
-
Laboratories Northwest - MultiCare Kent Clinic Medical Laboratory
-
Josephine Eshun, ARNP Physician
-
MultiCare Imaging Services - Kent Clinic Medical Clinic
-
MultiCare Family Medicine - Kent Pediatrician Physician
-
Maria Christ O Christina Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.41M
Comparable Approach
Comparable
$5.82M
Blend (final)
Blend
$8.11M
Owner & transaction history
Multicare Health System · 24 yrs held
Multicare Health System
since 2002
4 recorded transactions
Zoning & alternative use
DCE · Kent, 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 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%
$9,105,000
6.5%
$8,405,000
7%
$7,805,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$13,105,000
Change: -12% · Conversion: Moderate
COMMERCIAL (GENERAL)
$13,060,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$8.11M
Range $7.30M – $8.92M · ±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
$215 / 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
$8,701
Tax year 2022
Assessed value
$10,056,400
Assessed 2022
Previous assessed
$10,056,400
+0.0% YoY
Effective rate
0.09%
On assessed value
Assessed land
$158,400
Assessed improvement
$9,898,000
Land market value
$158,400
Improvement market value
$9,898,000
Total market value
$10,056,400
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2018
Construction
CONCRETE
Heating
CENTRAL
Stories
2
Bathrooms
1
Total area
37,806 SF
Lot
0.17 ac (7,200 SF)
Zoning code
DCE
APN
917960-1325
UPID
US90-2480887
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
APARTMENT HOUSE (5+ UNITS)
Est. value
$13.1M
COMMERCIAL (GENERAL)
Est. value
$13.1M
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
2018
Construction
CONCRETE
Heating
CENTRAL
Stories
2
Bathrooms
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Multicare Health System
Individual
Free & Clear · 24 yrs held
Mailing address
PO BOX 5299, TACOMA, WA 98415-0299
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 8, 2002
$57,600
Multicare Health System
Community Health Centers Of Ki
Grant Deed
—
Nov 6, 1997
$98,000
Community Health Centers
Bartholomew,timothy E & Donna J
Grant Deed
—
Mar 8, 1990
$65,000
Timothy Bartholomew
Milden,richard W
Grant Deed
—
—
—
Timothy Bartholomew
—
Deed Of Trust
related
$50,000 · Security Pacific National 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 219 State N Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
