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Property profile & analytics
OFF-MARKET
Estimated value
$7,865,000
Warehouses
24602 Pacific S Hwy Kent, WA 98032-4001
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-0728283
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1968
Construction
STEEL FRAME
Total area
57,498 SF
Lot
3.48 ac (151,624 SF)
Zoning code
CM
APN
212204-9006
UPID
US90-0728283
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
-
Greensheen Paint Hardware & Home Improvement Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.23M
CAP Approach
CAP
$10.24M
Comparable Approach
Comparable
$10.37M
Blend (final)
Blend
$7.87M
Owner & transaction history
Cref3 Pacific Highway Owner LLC · 4 yrs held
Cref3 Pacific Highway Owner LLC
since 2021
Last sale
$7.6M
7 recorded transactions
Zoning & alternative use
CM · 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
Method
Estimation
Statistic approach
$8,135,000
ML approach
$8,225,000
CAP Approach
CAP Return
Estimation
6%
$11,095,000
6.5%
$10,240,000
7%
$9,510,000
Blend value · Realmo final
$7.87M
Range $7.08M – $8.65M · ±10% · vs last sale $7.55M (Aug 16 2021)
Last sale anchor
$7.55M
Aug 16 2021
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
$137 / 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
$71,963
Tax year 2022
Assessed value
$6,091,300
Assessed 2022
Previous assessed
$6,091,300
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$2,577,600
Assessed improvement
$3,513,700
Land market value
$2,577,600
Improvement market value
$3,513,700
Total market value
$6,091,300
Applied tax rate
1,470.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1968
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Total area
57,498 SF
Lot
3.48 ac (151,624 SF)
Zoning code
CM
APN
212204-9006
UPID
US90-0728283
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CM · Kent, WA
Zoning CM · permitted uses
CM · 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
1968
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Lot
3.48 ac
Current owner
From public records · entity-resolved
Cref3 Pacific Highway Owner LLC
Entity
Mailing address
5221 N O CONNOR BLVD STE #700, IRVING, TX 75039-4428
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 12, 2024
—
Cref3 Pacific Highway Owner LLC
—
Deed
related
$493,000,000 · German American Capital Corporation
Oct 7, 2021
—
Cref3 Pacific Highway Owner LLC
—
Deed
related
$400,000,000 · Deutsche Bank National Trust Co
Aug 16, 2021
$7,550,000
Cref3 Pacific Highway Owner LLC
Cga II LLC
Warranty Deed
—
Mar 23, 2018
$6,400,000
Cga II LLC
Contour Dev LLC
Warranty Deed
$4,000,000 · Heritage Bk/lafayette
Oct 17, 2005
$3,175,000
Contour Dev LLC
PC Properties LLC
Warranty Deed
$2,400,000 · California Bank & Trust
Jun 9, 2003
—
PC Properties LLC
—
Trustees Deed
related
$1,800,000 · Columbia State Bank
Sep 22, 1997
$1,375,000
PC Properties LLC
Robinson Midway Property LLC
Grant Deed
$1,152,700 · Key Bank NA
Sep 11, 1997
—
Tommy R Crook
Robinson Midway Property LLC
Quit Claim Deed
related
—
—
—
Contour Dev LLC
—
Deed Of Trust
related
$1,824,000 · Rural Housing & Community Dev
—
—
PC Properties LLC
—
Deed Of Trust
related
$514,000 · Evergreen Community Dev Assn
—
—
PC Properties LLC
—
Deed Of Trust
related
$587,000 · Evergreen Community Dev Assn
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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