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Property profile & analytics
OFF-MARKET
Estimated value
$915,000
Office buildings
29005 Carnation Farm Rd, Carnation, WA 98014
Entity Owned
8-yr Hold
Free & Clear
Property ID
US90-1276545
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1915
Construction
FRAME
Total area
2,662 SF
Lot
77.16 ac (3,361,089 SF)
Zoning code
A35
APN
062507-9021
UPID
US90-1276545
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
$550k
CAP Approach
CAP
$920k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$915k
Owner & transaction history
Scf Holdings LLC · 8 yrs held
Scf Holdings LLC
since 2017
4 recorded transactions
Zoning & alternative use
A35 · Carnation, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.4M
+35.2%
Auto repair, garage
$1.2M
+21.8%
Medical building
$1.1M
+4.8%
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 Carnation submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carnation 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
$550,000
CAP Approach
CAP Return
Estimation
6%
$1,000,000
6.5%
$920,000
7%
$855,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,005,000
Current use
COMMERCIAL (GENERAL)
$1,355,000
Change: +35% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,220,000
Change: +22% · Conversion: Difficult
MEDICAL BUILDING
$1,050,000
Change: +5% · Conversion: Easy
RETAIL STORES
$1,045,000
Change: +4% · Conversion: Moderate
Blend value · Realmo final
$915k
Range $824k – $1.01M · ±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
$344 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$39,955
Tax year 2023
Assessed value
$4,747,796
Assessed 2023
Effective rate
0.84%
On assessed value
Assessed land
$26,396
Assessed improvement
$4,721,400
Land market value
$26,396
Improvement market value
$4,721,400
Total market value
$4,747,796
Applied tax rate
6,407.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1915
Construction
FRAME
Heating
FORCED AIR
Buildings
20
Stories
1
Total area
2,662 SF
Lot
77.16 ac (3,361,089 SF)
Zoning code
A35
APN
062507-9021
UPID
US90-1276545
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
A35 · Carnation, WA
Zoning A35 · permitted uses
A35 · Carnation, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Carnation. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.1M
RETAIL STORES
Est. value
$1.0M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
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
1915
Construction
FRAME
Heating
FORCED AIR
Stories
1
Buildings
20
Lot
77.16 ac
Current owner
From public records · entity-resolved
Scf Holdings LLC
Entity
Free & Clear · 8 yrs held
Mailing address
28901 NE CARNATION FARM RD, CARNATION, WA 98014-8800
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2017
—
Scf Holdings LLC
Carnation Farms LLC
Quit Claim Deed
related
—
Mar 11, 2010
$8,554,535
Carnation Farms LLC
Camp Korey
Grant Deed
—
Jun 27, 2008
$12,628,736
Korey Camp
Nestle USA INC
Grant Deed
$10,500,000 · Charter Bank
—
—
Korey Camp
—
Deed Of Trust
related
$293,910 · Washington St Dept/cmrc
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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