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Property profile & analytics
OFF-MARKET
Estimated value
$5,190,000
Grocery and convenience stores
30365 High Pt Way Preston, WA 98050-9800
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-1338471
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,804 SF
Lot
1.69 ac (73,616 SF)
Zoning code
NB
APN
322407-9038
UPID
US90-1338471
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
-
Subway Take-out & Catering
-
Shell Gas Station
-
Preston General Store Grocery & Convenience Store Food Market
-
Amazon Locker - Marsella Courier Service Postal Service
-
S.H Home Staging & Design Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.57M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.68M
Blend (final)
Blend
$5.19M
Owner & transaction history
Slk Investment Property LLC · 4 yrs held
Slk Investment Property LLC
since 2021
Last sale
$5.1M
7 recorded transactions
Zoning & alternative use
NB · Preston, 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 Preston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Preston 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
$5,495,000
ML approach
$5,570,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.19M
Range $4.67M – $5.71M · ±10% · vs last sale $5.10M (Nov 8 2021)
Last sale anchor
$5.10M
Nov 8 2021
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
$894 / 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
$34,222
Tax year 2022
Assessed value
$3,116,600
Assessed 2022
Previous assessed
$3,116,600
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$809,700
Assessed improvement
$2,306,900
Land market value
$809,700
Improvement market value
$2,306,900
Total market value
$3,116,600
Applied tax rate
6,982.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Buildings
3
Stories
1
Total area
5,804 SF
Lot
1.69 ac (73,616 SF)
Zoning code
NB
APN
322407-9038
UPID
US90-1338471
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NB · Preston, WA
Zoning NB · permitted uses
NB · Preston, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Preston. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Buildings
3
Lot
1.69 ac
Current owner
From public records · entity-resolved
Slk Investment Property LLC
Entity
Mailing address
10318 SE 190TH ST, RENTON, WA 98055-6481
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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
Nov 30, 2021
—
Slk Investment Property LLC
—
Deed
related
$3,600,000 · Unibank
Nov 8, 2021
$5,100,000
Slk Investment Property LLC
Y & J Developments INC
Warranty Deed
$3,600,000 · Unibank
Jul 1, 1998
$2,275,000
Y & J Developments INC
Crittenden,odell D
Grant Deed
$1,815,000 · City Bank
—
—
Echo Cleaners INC
—
Deed Of Trust
related
$103,350 · City Bank
—
—
Y & J Devs INC
—
Deed Of Trust
related
$100,000 · Unibank
—
—
Y & J Devs INC
—
Deed Of Trust
related
$912,000 · Unibank
—
—
Y & J Dev INC
—
Deed Of Trust
related
$1,456,583 · Pacific International Bank
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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