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Property profile & analytics
OFF-MARKET
Estimated value
$725,000
Commercial real estate
427 Smith St Kent, WA 98030-4545
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US90-1188209
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,564 SF
Lot
0.32 ac (13,820 SF)
Zoning code
DCE-T
APN
917960-1980
UPID
US90-1188209
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$725k
Owner & transaction history
Y & M Property LLC · 9 yrs held
Y & M Property LLC
since 2017
4 recorded transactions
Zoning & alternative use
DCE-T · Kent, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Within the downtown commercial enterprise district, a transitional overlay addresses compatibility of higher intensity mixed use development with nearby single family residential zones through height limits and required application of certain downtown design review elements
Zone name
Downtown Commercial Enterprise Transitional Overlay
General category
MIXED_USE
Zone area
34.59 ac
Source
Realmo
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
$159 / 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
$8,868
Tax year 2022
Assessed value
$788,600
Assessed 2022
Previous assessed
$788,600
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$262,500
Assessed improvement
$526,100
Land market value
$262,500
Improvement market value
$526,100
Total market value
$788,600
Applied tax rate
1,526.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Total area
4,564 SF
Lot
0.32 ac (13,820 SF)
Zoning code
DCE-T
APN
917960-1980
UPID
US90-1188209
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
DCE-T · Kent, WAZoning DCE-T · permitted uses
DCE-T · Kent, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Within the downtown commercial enterprise district, a transitional overlay addresses compatibility of higher intensity mixed use development with nearby single family residential zones through height limits and required application of certain downtown design review elements
Zone name
Downtown Commercial Enterprise Transitional Overlay
General category
MIXED_USE
Zone area
34.59 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
Y & M Property LLC
Entity
Mailing address
2410 GDN CT N, RENTON, WA 98056-2557
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
Mar 1, 2017
$600,000
Y & M Property LLC
Jabee LLC
Warranty Deed
$600,000 · Ronald & Andrea Yi
Jul 18, 2016
—
Jabee LLC
Yi,ronald R & Andrea O
Quit Claim Deed
related
—
Jul 27, 1988
$268,000
Ronald R Yi
Woody,phillip L
Grant Deed
$201,000 · Seattle-first National Bank
—
—
Ronald R Yi
—
Deed Of Trust
related
$75,000 · Seafirst 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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