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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Medical Office Space
419 4th St Renton, WA 98057-2541
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-0332267
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
1958
Construction
FRAME
Total area
1,500 SF
Lot
0.15 ac (6,400 SF)
Zoning code
R-14
APN
784080-0125
UPID
US90-0332267
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
$530k
CAP Approach
CAP
$330k
Comparable Approach
Comparable
$509k
Blend (final)
Blend
$545k
Owner & transaction history
Scott T Andrews · 3 yrs held
Scott T Andrews
since 2023
Last sale
$575,000
6 recorded transactions
Zoning & alternative use
R-14 · Renton, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$760,000
+47.2%
Auto repair, garage
$615,000
+19.7%
Retail stores
$600,000
+16.6%
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
$550,000
ML approach
$530,000
CAP Approach
CAP Return
Estimation
6%
$360,000
6.5%
$330,000
7%
$310,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$515,000
Current use
COMMERCIAL (GENERAL)
$760,000
Change: +47% · Conversion: Easy
AUTO REPAIR, GARAGE
$615,000
Change: +20% · Conversion: Difficult
RETAIL STORES
$600,000
Change: +17% · Conversion: Difficult
WAREHOUSE, STORAGE
$445,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$545k
Range $491k – $600k · ±10% · vs last sale $575k (Apr 21 2023)
Last sale anchor
$575k
Apr 21 2023
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
$363 / 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
$5,736
Tax year 2024
Assessed value
$450,000
Assessed 2023
Previous assessed
$450,000
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$235,200
Assessed improvement
$214,800
Land market value
$235,200
Improvement market value
$214,800
Total market value
$450,000
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
Medical Office Space
Use group
DENTAL BUILDING
Status
Off-Market
Year built
1958
Construction
FRAME
Heating
FORCED AIR
Stories
1
Total area
1,500 SF
Lot
0.15 ac (6,400 SF)
Zoning code
R-14
APN
784080-0125
UPID
US90-0332267
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
R-14 · Renton, WA
Zoning R-14 · permitted uses
R-14 · 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
MEDICAL BUILDING Current
Est. value
$515,000
COMMERCIAL (GENERAL)
Est. value
$760,000
AUTO REPAIR, GARAGE
Est. value
$615,000
RETAIL STORES
Est. value
$600,000
WAREHOUSE, STORAGE
Est. value
$445,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
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
1958
Construction
FRAME
Heating
FORCED AIR
Stories
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
Scott T Andrews
Individual
Mailing address
17915 NORMANDY TER SW, NORMANDY PARK, WA 98166-3637
Ownership since
2023
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
Apr 21, 2023
$575,000
Scott T Andrews
Southwest Sound LLC
Warranty Deed
$450,000 · Key Bank NA
Feb 1, 2013
—
Southwest Sound LLC
Mccarthy James & Jean Trust
Grant Deed
—
Oct 27, 2011
$320,000
Mccarthy J & J Living Trust
Chilton,paul A & Suellen
Warranty Deed
—
Mar 29, 2000
$230,000
Paul A Chilton
Andrews,scott T & Lisa A
Grant Deed
$225,225 · Evergreenbank
May 6, 1994
$130,000
Scott T Andrews
Murakami,ken
Grant Deed
$110,000 · Seller
—
—
Scott T Andrews
—
Deed Of Trust
related
$60,252 · Evergreenbank
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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