22706 120th SE Ave Kent, WA 98031-2328
Entity Owned
Free & Clear
Estimated value (blended)
$3.57M
Range $3.21M – $3.93M (±10%)
Property ID
US90-0895388
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1985
Construction
CONCRETE
Total area
27,469 SF
Lot
4.65 ac (202,554 SF)
Zoning code
SR-6
APN
162205-9008
UPID
US90-0895388
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.03M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.57M
Owner & transaction history
Zoning & alternative use
SR-6 · Kent, WA
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 3 comparables with addresses
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$3.57M
Value range
$3.21M – $3.93M
±10% around blend
Estimated value / SF
$130 / SF
Confidence
Low
3 county-verified comps
Property data
88
Market benchmarks
33
Comparable evidence
30
$3.21M
blend $3.57M
$3.93M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
27,469 SF
Lot area
4.65 ac
Year built
1985
Stories
2
APN
162205-9008
Assessed value
$4,247,900
Annual tax
$4,151
3
Income approach: direct capitalization
Partial preview
Income approach indication
$4.03M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$4.37M
@ 6.5% CAP return
$4.03M
@ 7% CAP return
$3.74M
4
Sales comparison
Partial preview
Sales approach indication
$7.61M
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
17.5 mi away · 31,200 SF
19.6 mi away · 22,336 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$3.57M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 166 sales
$381
-66%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $130/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$4.25M
Move the market yield to see immediate price impact.
Value / SF
$155
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$268k
$5.35M
$3.82M
$2.97M
$297k
$5.95M
$4.25M
$3.30M
$327k
$6.54M
$4.67M
$3.63M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$8.00M
15.9 mi · Sep 2025 · $381/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$4,151
Tax year 2022
Assessed value
$4,247,900
Assessed 2022
Previous assessed
$4,247,900
+0.0% YoY
Effective rate
0.10%
On assessed value
Assessed land
$992,500
Assessed improvement
$3,255,400
Land market value
$992,500
Improvement market value
$3,255,400
Total market value
$4,247,900
Applied tax rate
1,519.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1985
Construction
CONCRETE
Heating
OTHER
Cooling
OTHER
Stories
2
Total area
27,469 SF
Lot
4.65 ac (202,554 SF)
Zoning code
SR-6
APN
162205-9008
UPID
US90-0895388
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
SR-6 · Kent, WAZoning SR-6 · permitted uses
SR-6 · Kent, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1985
Construction
CONCRETE
Heating
OTHER
Cooling
Yes
Stories
2
Lot
4.65 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
SR-6
Jurisdiction
Kent, WA
Recorded code
SR-6
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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