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Property profile & analytics
OFF-MARKET
Estimated value
$7,880,000
Distribution centers
26609 79th S Ave Kent, WA 98032-7319
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-1003769
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
34,370 SF
Lot
3.83 ac (166,840 SF)
Zoning code
I2
APN
346280-0045
UPID
US90-1003769
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
-
Northern Lights Trucking Freight Service Logistics Company
-
Brookover Trucking and Logistics Logistics Company Freight Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.99M
CAP Approach
CAP
$6.12M
Comparable Approach
Comparable
$9.17M
Blend (final)
Blend
$7.88M
Owner & transaction history
Blusv I Wa 79th Avenue South LLC · 3 yrs held
Blusv I Wa 79th Avenue South LLC
since 2022
Last sale
$8.7M
7 recorded transactions
Zoning & alternative use
I2 · Kent, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The I2 mixed industrialdistrictis intended to accommodate a range of small, moderate and large scale industrialusesand activities with moderate to high employment density
Zone name
Mixed Industrial
General category
INDUSTRIAL
Zone area
2,210.49 ac
Source
Realmo
Top alternative use upside
Industrial (general)
$13.1M
+59.4%
Apartment house (5+ units)
$11.9M
+44.9%
Commercial (general)
$10.6M
+28.8%
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
$7,705,000
ML approach
$6,990,000
CAP Approach
CAP Return
Estimation
6%
$6,630,000
6.5%
$6,120,000
7%
$5,685,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$8,225,000
Current use
INDUSTRIAL (GENERAL)
$13,110,000
Change: +59% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$11,915,000
Change: +45% · Conversion: Difficult
COMMERCIAL (GENERAL)
$10,590,000
Change: +29% · Conversion: Difficult
Blend value · Realmo final
$7.88M
Range $7.09M – $8.67M · ±10% · vs last sale $8.65M (Oct 14 2022)
Last sale anchor
$8.65M
Oct 14 2022
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
$229 / 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
$70,999
Tax year 2022
Assessed value
$6,392,900
Assessed 2022
Previous assessed
$6,392,900
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$2,802,900
Assessed improvement
$3,590,000
Land market value
$2,802,900
Improvement market value
$3,590,000
Total market value
$6,392,900
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
34,370 SF
Lot
3.83 ac (166,840 SF)
Zoning code
I2
APN
346280-0045
UPID
US90-1003769
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
I2 · Kent, WAZoning I2 · permitted uses
I2 · Kent, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The I2 mixed industrialdistrictis intended to accommodate a range of small, moderate and large scale industrialusesand activities with moderate to high employment density
Zone name
Mixed Industrial
General category
INDUSTRIAL
Zone area
2,210.49 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$8.2M
INDUSTRIAL (GENERAL)
Est. value
$13.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$11.9M
COMMERCIAL (GENERAL)
Est. value
$10.6M
WAREHOUSE, STORAGE Current
INDUSTRIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
3.83 ac
Current owner
From public records · entity-resolved
Blusv I Wa 79th Avenue South LLC
Entity
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 11, 2025
—
Blusv I Wa 79th Avenue South LLC
—
Deed
related
$354,550,000 · Incref Investments Ms Seller LLC
Apr 20, 2023
—
Blusv I Wa 79th Avenue South LLC
—
Deed
related
$70,261,850 · Canadian Imperial Bank Of Commerce
Oct 14, 2022
$8,650,000
Blusv I Wa 79th Avenue South LLC
Terreno 79th Ave South LLC
Special Warranty Deed
—
Jul 25, 2014
$2,770,000
Terreno 79th Ave South LLC
Dcr Real Estate Vi Sub I LLC
Grant Deed
—
Oct 21, 2013
$2,790,000
Dcr Real Estate Vi Sub I LLC
Karen L Gibbon Ps
Trustees Deed
related
—
Jul 2, 2008
—
Cnty Flood Control Zone D King
King County
Quit Claim Deed
related
—
Dec 6, 2007
$3,100,000
Riverbend Park LLC
Deo Ents LLC
Warranty Deed
$2,790,000 · Cascade Bank
—
—
Dcr Real Estate Vi Sub I LLC
—
Deed Of Trust
related
$50,000,000 · Goldman Sachs Bank USA
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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