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Property profile & analytics
OFF-MARKET
Estimated value
$1,045,000
Industrial properties
23130 224th SE Pl, Maple Valley, WA 98038-8261
Individually Owned
23-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0730776
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2007
Construction
STEEL FRAME
Total area
7,564 SF
Lot
0.67 ac (29,240 SF)
Zoning code
REC
APN
162206-9193
UPID
US90-0730776
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
-
Swell Media Design Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Kerriston Coffee Roasters Cafe & Coffee Shop Specialty Food Shop
-
Creative Closets LLC General Contractor Renovation Specialist
-
Willow Creative Film Production Television Studio
-
Team Bruce Mobile Detail Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.17M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.05M
Owner & transaction history
Brett A Hbenicht · 23 yrs held
Brett A Hbenicht
since 2003
7 recorded transactions
Zoning & alternative use
REC · Maple Valley, 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 Maple Valley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Maple Valley 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%
$1,270,000
6.5%
$1,170,000
7%
$1,085,000
Blend value · Realmo final
$1.05M
Range $941k – $1.15M · ±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
$138 / 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
$12,698
Tax year 2022
Assessed value
$1,261,900
Assessed 2022
Previous assessed
$1,261,900
+0.0% YoY
Effective rate
1.01%
On assessed value
Assessed land
$445,900
Assessed improvement
$816,000
Land market value
$445,900
Improvement market value
$816,000
Total market value
$1,261,900
Applied tax rate
1,821.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2007
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
1
Total area
7,564 SF
Lot
0.67 ac (29,240 SF)
Zoning code
REC
APN
162206-9193
UPID
US90-0730776
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
REC · Maple Valley, WA
Zoning REC · permitted uses
REC · Maple Valley, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Maple Valley. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2007
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
1
Lot
0.67 ac
Current owner
From public records · entity-resolved
Brett A Hbenicht
Individual
Mailing address
25620 272ND AVE SE, RAVENSDALE, WA 98051-8200
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2024
—
Brett A Habenicht
—
Deed
related
$400,000 · Umpqua Bank
Mar 27, 2020
—
Brett A Habenicht
—
Deed
related
$1,088,000 · Columbia St Bk
Nov 29, 2017
—
Brett A Habenicht
—
Deed
related
$900,000 · Columbia St Bk
Sep 21, 2005
—
Brett A Habenicht
—
Trustees Deed
related
$806,250 · Mt Rainier National Bank
Jan 3, 2003
$250,000
Brett A Hbenicht
James Leasing LLC
Grant Deed
$175,000 · Mt Rainier National Bank
—
—
Brett A Habenicht
—
Deed Of Trust
related
$100,000 · Lila J Eberhardt
—
—
Brett A Habenicht
—
Loan Modification
related
$1,088,000 · Columbia St Bk
—
—
Brett A Habenicht
—
Deed Of Trust
related
$227,250 · Reinhard Petroleum LLC
—
—
Brett A Habenicht
—
Loan Modification
related
$900,000 · Columbia St Bk
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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