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Property profile & analytics
OFF-MARKET
Estimated value
$2,880,000
Office buildings
236 Hardie SW Ave Renton, WA 98057
Entity Owned
~
Est. High Equity
Property ID
US90-0688015
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1980
Construction
WOOD
Total area
11,530 SF
Lot
0.66 ac (28,852 SF)
Zoning code
CA
APN
182305-9033
UPID
US90-0688015
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
$3.32M
Comparable Approach
Comparable
$2.71M
Blend (final)
Blend
$2.88M
Owner & transaction history
Ltp Property Group LLC
Ltp Property Group LLC
since 2025
Last sale
$2.8M
7 recorded transactions
Zoning & alternative use
CA · Renton, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.7M
+70.4%
Retail stores
$4.6M
+66.1%
Apartment house (5+ units)
$4.1M
+46.9%
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 Renton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Renton 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%
$3,600,000
6.5%
$3,320,000
7%
$3,085,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,785,000
Current use
AUTO REPAIR, GARAGE
$4,745,000
Change: +70% · Conversion: Difficult
RETAIL STORES
$4,625,000
Change: +66% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$4,090,000
Change: +47% · Conversion: Easy
MEDICAL BUILDING
$3,965,000
Change: +42% · Conversion: Easy
WAREHOUSE, STORAGE
$3,405,000
Change: +22% · Conversion: Difficult
Blend value · Realmo final
$2.88M
Range $2.59M – $3.17M · ±10% · vs last sale $2.75M (May 25 2025)
Last sale anchor
$2.75M
May 25 2025
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
$250 / 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
$22,726
Tax year 2022
Assessed value
$2,267,000
Assessed 2022
Previous assessed
$2,267,000
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$1,211,700
Assessed improvement
$1,055,300
Land market value
$1,211,700
Improvement market value
$1,055,300
Total market value
$2,267,000
Applied tax rate
2,100.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1980
Construction
WOOD
Heating
OTHER
Cooling
OTHER
Stories
1
Total area
11,530 SF
Lot
0.66 ac (28,852 SF)
Zoning code
CA
APN
182305-9033
UPID
US90-0688015
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CA · Renton, WA
Zoning CA · permitted uses
CA · Renton, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Renton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.8M
AUTO REPAIR, GARAGE
Est. value
$4.7M
RETAIL STORES
Est. value
$4.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.1M
MEDICAL BUILDING
Est. value
$4.0M
WAREHOUSE, STORAGE
Est. value
$3.4M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1980
Construction
WOOD
Heating
OTHER
Cooling
Yes
Stories
1
Lot
0.66 ac
Current owner
From public records · entity-resolved
Ltp Property Group LLC
Entity
Mailing address
450 SHATTUCK AVE S, RENTON, WA 98057-2427
Ownership since
2025
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
Aug 25, 2025
$2,750,000
Ltp Property Group LLC
Rpr Properties LLC
Warranty Deed
$2,447,600 · Us Bank NA
Apr 3, 2018
—
Rpr Properties LLC
—
Deed
related
$1,190,000 · Washington Trust Bank
Sep 30, 2008
$1,325,000
Rpr Properties LLC
Matt Malaspina & Co INC
Warranty Deed
$1,220,000 · Key Bank NA
Sep 28, 1994
$900,000
Matt Malaspina & Co INC
Malesis,louis G & Mary K
Grant Deed
—
Oct 18, 1993
$375,000
Louis G Malesis
Yardley,lee G &
Grant Deed
—
—
—
Rpr Properties LLC
—
Deed Of Trust
related
$1,125,762 · Key Bank & Trust
—
—
Rpr Properties LLC
—
Deed Of Trust
related
$400,000 · Washington Trust 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.
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