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Property profile & analytics
OFF-MARKET
Estimated value
$114,510,000
Distribution centers
300 27th St, Renton, WA 98057-3380
Entity Owned
3-yr Hold
Free & Clear
Property ID
US90-0109163
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
473,420 SF
Lot
22.38 ac (974,946 SF)
Zoning code
IL
APN
219310-0010
UPID
US90-0109163
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
by Request
CAP Approach
CAP
$80.06M
Comparable Approach
Comparable
$145.61M
Blend (final)
Blend
$114.51M
Owner & transaction history
Lpf Renton Logistics LLC · 3 yrs held
Lpf Renton Logistics LLC
since 2022
Last sale
$120.0M
6 recorded transactions
Zoning & alternative use
IL · Renton, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$189.8M
+35.7%
Apartment house (5+ units)
$167.9M
+20.1%
Medical building
$162.8M
+16.4%
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 Renton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Renton 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
$106,890,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$86,725,000
6.5%
$80,055,000
7%
$74,335,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$139,850,000
Current use
RETAIL STORES
$189,835,000
Change: +36% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$167,905,000
Change: +20% · Conversion: Difficult
MEDICAL BUILDING
$162,785,000
Change: +16% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$133,745,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$114.51M
Range $103.06M – $125.96M · ±10% · vs last sale $120.00M (Dec 16 2022)
Last sale anchor
$120.00M
Dec 16 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
$242 / 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
$856,833
Tax year 2022
Assessed value
$84,458,600
Assessed 2022
Previous assessed
$84,458,600
+0.0% YoY
Effective rate
1.01%
On assessed value
Assessed land
$10,480,600
Assessed improvement
$73,978,000
Land market value
$10,480,600
Improvement market value
$73,978,000
Total market value
$84,458,600
Applied tax rate
2,100.0000
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
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
473,420 SF
Lot
22.38 ac (974,946 SF)
Zoning code
IL
APN
219310-0010
UPID
US90-0109163
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
IL · Renton, WA
Zoning IL · permitted uses
IL · Renton, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Renton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$139.9M
RETAIL STORES
Est. value
$189.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$167.9M
MEDICAL BUILDING
Est. value
$162.8M
INDUSTRIAL (GENERAL)
Est. value
$133.7M
WAREHOUSE, STORAGE Current
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
INDUSTRIAL (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
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
22.38 ac
Current owner
From public records · entity-resolved
Lpf Renton Logistics LLC
Entity
Free & Clear · 3 yrs held
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2022
$120,000,000
Lpf Renton Logistics LLC
2501 East Valley Road LLC
Bargain And Sale Deed
—
Oct 9, 2017
$67,050,000
2501 East Valley Road LLC
Tcpf 300 Sw 27 LLC
Grant Deed
—
Oct 3, 2016
—
Tcpf 300 Sw 27 LLC
Tcam Core Prop Fund Operating
Grant Deed
$24,000,000 · Miscellaneous Ins Co
Dec 10, 2010
$30,250,000
Tcam Core Prop Fund Operating
Bit Holdings Fifty-five INC
Warranty Deed
—
Dec 28, 2004
—
Bit Holdings Fifty-five INC
Bit Investment Eleven
Quit Claim Deed
related
—
May 29, 1997
$22,000,000
Bit Holdings Twenty Two INC
Puget Western INC
Grant Deed
related
—
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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