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Property profile & analytics
OFF-MARKET
Estimated value
$1,410,000
Automotive properties
22951 Military S Rd, Kent, WA 98032-1824
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-1110889
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1980
Construction
WOOD
Total area
21,300 SF
Lot
3.81 ac (165,968 SF)
Zoning code
MCR
APN
152204-9027
UPID
US90-1110889
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
$1.41M
Owner & transaction history
City Of Kent · 3 yrs held
City Of Kent
since 2023
7 recorded transactions
Zoning & alternative use
MCR · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$66 / 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
$43,134
Tax year 2022
Assessed value
$3,423,300
Assessed 2022
Previous assessed
$3,423,300
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$2,177,100
Assessed improvement
$1,246,200
Land market value
$2,177,100
Improvement market value
$1,246,200
Total market value
$3,423,300
Applied tax rate
1,551.0000
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1980
Construction
WOOD
Heating
SPACE
Buildings
2
Stories
1
Total area
21,300 SF
Lot
3.81 ac (165,968 SF)
Zoning code
MCR
APN
152204-9027
UPID
US90-1110889
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
MCR · Kent, WA
Zoning MCR · permitted uses
MCR · 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.
Building & site characteristics
From public records
Year built
1980
Construction
WOOD
Heating
SPACE
Stories
1
Buildings
2
Lot
3.81 ac
Current owner
From public records · entity-resolved
City Of Kent
Entity
Mailing address
220 4TH AVE S, KENT, WA 98032-5838
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 21, 2023
—
City Of Kent
Military Road Investments LLC
Intrafamily Transfer
related
—
Sep 19, 2005
—
City Of Kent
Military Road Invs LLC
Quit Claim Deed
related
—
Oct 21, 2004
—
Military Road Investments LLC
Poulsbo Rv INC
Grant Deed
$4,100,000 · Us Bank NA
Oct 15, 1999
$6,100,000
Poulsbo Rv INC
Valley 1-5
Grant Deed
$5,000,000 · Valley Garage INC
—
—
Military Road Investments LLC
—
Loan Modification
related
$5,892,421 · Bank Of America
—
—
Military Road Investments LLC
—
Deed Of Trust
related
$5,200,000 · Bank Of America
—
—
Military Road Investments LLC
—
Deed Of Trust
related
$900,000 · 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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