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Property profile & analytics
OFF-MARKET
Estimated value
$685,000
Grocery and convenience stores
23800 Military S Rd, Kent, WA 98032
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US90-0911091
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2006
Construction
WOOD
Total area
3,584 SF
Lot
0.38 ac (16,547 SF)
Zoning code
NB
APN
807540-0550
UPID
US90-0911091
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
$915k
Comparable Approach
Comparable
$809k
Blend (final)
Blend
$685k
Owner & transaction history
Ghag Townhome LLC · 13 yrs held
Ghag Townhome LLC
since 2013
7 recorded transactions
Zoning & alternative use
NB · Kent, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$495,000
+287.2%
Auto repair, garage
$490,000
+286.6%
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%
$990,000
6.5%
$915,000
7%
$850,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$495,000
Change: +287% · Conversion: Moderate
AUTO REPAIR, GARAGE
$490,000
Change: +287% · Conversion: Difficult
Blend value · Realmo final
$685k
Range $617k – $754k · ±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
$191 / 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
$15,220
Tax year 2022
Assessed value
$1,359,200
Assessed 2022
Previous assessed
$1,359,200
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$198,500
Assessed improvement
$1,160,700
Land market value
$198,500
Improvement market value
$1,160,700
Total market value
$1,359,200
Applied tax rate
3,415.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2006
Construction
WOOD
Heating
FORCED AIR
Buildings
2
Stories
1
Total area
3,584 SF
Lot
0.38 ac (16,547 SF)
Zoning code
NB
APN
807540-0550
UPID
US90-0911091
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NB · Kent, WA
Zoning NB · permitted uses
NB · 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
OFFICE BUILDING
Est. value
$495,000
AUTO REPAIR, GARAGE
Est. value
$490,000
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
2006
Construction
WOOD
Heating
FORCED AIR
Stories
1
Buildings
2
Lot
0.38 ac
Current owner
From public records · entity-resolved
Ghag Townhome LLC
Entity
Mailing address
25210 45TH PL S, KENT, WA 98032-4222
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2023
—
Ghag Town Home LLC
—
Deed
related
$599,589 · Gbc International Bank
Feb 8, 2013
—
Ghag Townhome LLC
Singh,amrik & Inderjit
Quit Claim Deed
related
—
Nov 10, 2005
—
Amrik Singh
Virk Props Corp Wa Corp
Grant Deed
related
—
Nov 4, 2005
—
Amrik Singh
—
Trustees Deed
related
$1,145,000 · Bank Of Washington
Jan 14, 2005
$437,000
Amrik Singh
Virk Properties Corp INC
Warranty Deed
—
Jan 14, 2005
—
Amrik Singh
Singh,amrik K
Quit Claim Deed
related
—
Feb 12, 2004
—
King County (wa)
Virk Properties Corp INC
Quit Claim Deed
related
—
Oct 2, 2001
$99,500
Virk Properties Corp INC
Qualbeck
Grant Deed
—
Jul 6, 1998
$39,500
Byron C Beck
Unick,clayton F & Donna L
Grant Deed
—
Jul 21, 1989
$35,000
Clayton F Unick
Scranton,maxine
Grant Deed
$28,000 · Seller
—
—
Ghag Townhome LLC
—
Deed Of Trust
related
$1,200,000 · Gbc International Bank
—
—
Amrik Singh
—
Deed Of Trust
related
$1,160,474 · Bank Of Washington
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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