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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Office buildings
26803 State Hwy 104th NE Kingston, WA 98346
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US90-0951180
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2005
Total area
1,760 SF
Lot
7.7 ac (335,412 SF)
Zoning code
REC
APN
292702-1-017-2009
UPID
US90-0951180
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
$650k
CAP Approach
CAP
$410k
Comparable Approach
Comparable
$671k
Blend (final)
Blend
$520k
Owner & transaction history
Highway 104 Property LLC · 22 yrs held
Highway 104 Property LLC
since 2004
7 recorded transactions
Zoning & alternative use
REC · Kingston, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$790,000
+80.5%
Retail stores
$485,000
+10.6%
Neighborhood: shopping center
$450,000
+2.5%
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 Kingston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kingston 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
$650,000
CAP Approach
CAP Return
Estimation
6%
$445,000
6.5%
$410,000
7%
$380,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$440,000
Current use
COMMERCIAL (GENERAL)
$790,000
Change: +80% · Conversion: Easy
RETAIL STORES
$485,000
Change: +11% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$450,000
Change: +2% · Conversion: Difficult
MEDICAL BUILDING
$425,000
Change: -2% · Conversion: Easy
WAREHOUSE, STORAGE
$360,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$520k
Range $468k – $572k · ±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
$295 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$24,460
Tax year 2024
Assessed value
$2,864,990
Assessed 2024
Previous assessed
$2,434,830
+17.7% YoY
Effective rate
0.85%
On assessed value
Assessed land
$422,460
Assessed improvement
$2,442,530
Land market value
$422,460
Improvement market value
$2,442,530
Total market value
$2,864,990
Applied tax rate
4,320.0000
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
2005
Heating
NONE
Buildings
8
Stories
2
Total area
1,760 SF
Lot
7.7 ac (335,412 SF)
Zoning code
REC
APN
292702-1-017-2009
UPID
US90-0951180
Jurisdiction
KITSAP
Zoning & alternative use
REC · Kingston, WA
Zoning REC · permitted uses
REC · Kingston, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kingston. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$440,000
COMMERCIAL (GENERAL)
Est. value
$790,000
RETAIL STORES
Est. value
$485,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$450,000
MEDICAL BUILDING
Est. value
$425,000
WAREHOUSE, STORAGE
Est. value
$360,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
2005
Heating
NONE
Stories
2
Buildings
8
Lot
7.7 ac
Current owner
From public records · entity-resolved
Highway 104 Property LLC
Entity
Mailing address
PO BOX 115, KINGSTON, WA 98346-0115
Ownership since
2004
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
Jun 17, 2004
—
Highway 104 Property LLC
Waggoner,thomas L & Rosalee S
Quit Claim Deed
related
$1,656,650 · Frontier Bank
Sep 25, 2002
—
Highway 104 Property LLC
Waggoner,thomas L & Rosalee S
Quit Claim Deed
related
—
Nov 10, 1998
$225,000
Thomas L Waggoner
Deven,esther A
Grant Deed
—
Apr 5, 1991
$5,800
Esther A Deven
Unknown
Grant Deed
—
—
—
Highway 104 Property LLC
—
Deed Of Trust
related
$2,278,321 · Frontier Bank
—
—
Thomas L Waggoner
—
Deed Of Trust
related
$606,828 · Frontier Bank
—
—
Highway 104 Property LLC
—
Deed Of Trust
related
$2,850,000 · Kitsap Bk
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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