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Property profile & analytics
OFF-MARKET
Estimated value
$2,270,000
Medical Office Space
24604 104th SE Ave Kent, WA 98030-5385
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US90-3120064
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2007
Construction
WOOD
Total area
11,910 SF
Lot
0.9 ac (39,046 SF)
Zoning code
CC-MU
APN
783080-0425
UPID
US90-3120064
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
-
Barigens Clinic Medical Clinic
-
104th Avenue Medical Clinic Physician
-
Living Well Kent Association / Organization
-
Ranu Choudhary Md Physician
-
Medical Office Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.65M
Comparable Approach
Comparable
$1.48M
Blend (final)
Blend
$2.27M
Owner & transaction history
Rpm Group LLC · 19 yrs held
Rpm Group LLC
since 2006
6 recorded transactions
Zoning & alternative use
CC-MU · Kent, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the CCdistrictis to provide areas for limited commercial activities that serve several residential neighborhoods. It is also the purpose of thisdistrictto provide opportunities formixed use developmentwithin the designated mixeduseoverlay boundary, as designated by thecomprehensive plan
Zone name
Community Commercial And Mixed Use
General category
MIXED_USE
Zone area
301.35 ac
Source
Realmo
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%
$2,870,000
6.5%
$2,650,000
7%
$2,460,000
Blend value · Realmo final
$2.27M
Range $2.04M – $2.50M · ±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
$27,056
Tax year 2022
Assessed value
$2,547,600
Assessed 2022
Previous assessed
$2,547,600
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$702,800
Assessed improvement
$1,844,800
Land market value
$702,800
Improvement market value
$1,844,800
Total market value
$2,547,600
Applied tax rate
1,526.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2007
Construction
WOOD
Heating
HEAT PUMP
Stories
2
Bathrooms
1
Total area
11,910 SF
Lot
0.9 ac (39,046 SF)
Zoning code
CC-MU
APN
783080-0425
UPID
US90-3120064
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CC-MU · Kent, WAZoning CC-MU · permitted uses
CC-MU · Kent, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the CCdistrictis to provide areas for limited commercial activities that serve several residential neighborhoods. It is also the purpose of thisdistrictto provide opportunities formixed use developmentwithin the designated mixeduseoverlay boundary, as designated by thecomprehensive plan
Zone name
Community Commercial And Mixed Use
General category
MIXED_USE
Zone area
301.35 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2007
Construction
WOOD
Heating
HEAT PUMP
Stories
2
Bathrooms
1
Lot
0.9 ac
Current owner
From public records · entity-resolved
Rpm Group LLC
Entity
Mailing address
5670 152ND AVE SE, BELLEVUE, WA 98006-5328
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 2006
—
Rpm Group LLC
Dipankar,manoj K
Warranty Deed
$2,344,000 · Harborstone Cu
Dec 2, 2005
$440,000
Manoj K Dipankar
Lakeside Park Properties Llv
Warranty Deed
$352,000 · Lakeside Park Properties LLC
Jun 6, 2003
$255,000
Lakeside Park Properties
Meyer,dorothy M
Grant Deed
—
May 8, 1990
—
Gene R Meyer
Morrill,mary B
Quit Claim Deed
related
—
—
—
Rpm Group LLC
—
Deed Of Trust
related
$3,175,000 · Harborstone Cu
—
—
Rpm Group LLC
—
Deed Of Trust
related
$328,000 · Harborstone Cu
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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