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Property profile & analytics
OFF-MARKET
Office buildings
29300 179th SE Pl, Kent, WA 98042-5701
Entity Owned
~
Est. High Equity
Property ID
US90-0388075
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,200 SF
Lot
12.22 ac (532,303 SF)
Zoning code
RA5SO
APN
012105-9001
UPID
US90-0388075
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
-
Crest Airpark, Inc. Airport Aircraft Rental Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
New Crest Airpark LLC
New Crest Airpark LLC
since 2025
Last sale
$3.1M
7 recorded transactions
Zoning & alternative use
RA5SO · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$22,500
Tax year 2022
Assessed value
$1,212,200
Assessed 2022
Previous assessed
$1,212,200
+0.0% YoY
Effective rate
1.86%
On assessed value
Assessed land
$532,300
Assessed improvement
$679,900
Land market value
$532,300
Improvement market value
$679,900
Total market value
$1,212,200
Applied tax rate
5,150.0000
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
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FLOOR/WALL FURNACE
Cooling
WALL UNIT
Buildings
3
Stories
1
Total area
1,200 SF
Lot
12.22 ac (532,303 SF)
Zoning code
RA5SO
APN
012105-9001
UPID
US90-0388075
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
RA5SO · Kent, WA
Zoning RA5SO · permitted uses
RA5SO · 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
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
1
Buildings
3
Lot
12.22 ac
Current owner
From public records · entity-resolved
New Crest Airpark LLC
Entity
Mailing address
29300 179TH PL SE, KENT, WA 98042-5701
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2025
$3,125,000
New Crest Airpark LLC
Grier Family Holdings LLC
Warranty Deed
—
May 31, 2002
—
Norman C Grier
Grier,mimi L
Quit Claim Deed
related
—
Apr 22, 2002
—
Grier Family Holdings LLC
Grier,norman C
Quit Claim Deed
related
—
—
—
Norman C Grier
—
Deed Of Trust
related
$355,000 · Columbia State Bank
—
—
Grier Family Holdings LLC
—
Deed Of Trust
related
$394,000 · Norman C Grier
—
—
Grier Family Holdings LLC
—
Deed Of Trust
related
$110,000 · Rikki & Charles Birge
—
—
Grier Family Holdings LLC
—
Loan Modification
related
$365,700 · Columbia St Bk
—
—
Norman C Grier
—
Deed Of Trust
related
$40,000 · Us Small Business Admn
—
—
Grier Family Holdings LLC
—
Deed Of Trust
related
$110,000 · Spencer Law Offices PLLC
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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