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Property profile & analytics
OFF-MARKET
Estimated value
$3,545,000
Medical Office Space
451 Duvall NE Ave, Renton, WA 98059-4675
Individually Owned
22-yr Hold
~
Est. High Equity
Property ID
US90-1166602
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2005
Construction
STEEL FRAME
Total area
21,800 SF
Lot
2.28 ac (99,148 SF)
Zoning code
CA
APN
102305-9012
UPID
US90-1166602
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
$4.82M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.55M
Owner & transaction history
Highland Professional Plaza Ll · 22 yrs held
Highland Professional Plaza Ll
since 2004
7 recorded transactions
Zoning & alternative use
CA · Renton, 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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,225,000
6.5%
$4,820,000
7%
$4,475,000
Blend value · Realmo final
$3.55M
Range $3.19M – $3.90M · ±10%
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
$163 / 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
$60,238
Tax year 2022
Assessed value
$6,126,500
Assessed 2022
Previous assessed
$6,126,500
+0.0% YoY
Effective rate
0.98%
On assessed value
Assessed land
$2,379,500
Assessed improvement
$3,747,000
Land market value
$2,379,500
Improvement market value
$3,747,000
Total market value
$6,126,500
Applied tax rate
2,145.0000
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
MEDICAL BUILDING
Status
Off-Market
Year built
2005
Construction
STEEL FRAME
Heating
GAS
Cooling
AC.PACKAGE
Stories
2
Total area
21,800 SF
Lot
2.28 ac (99,148 SF)
Zoning code
CA
APN
102305-9012
UPID
US90-1166602
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CA · Renton, WA
Zoning CA · permitted uses
CA · 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.
Building & site characteristics
From public records
Year built
2005
Construction
STEEL FRAME
Heating
GAS
Cooling
Yes
Stories
2
Lot
2.28 ac
Current owner
From public records · entity-resolved
Highland Professional Plaza Ll
Individual
Mailing address
330 112TH AVE NE STE #200, BELLEVUE, WA 98004-5800
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 8, 2021
—
Highland Professional Plaza LLC
—
Deed
related
$3,760,000 · Morgan Stanley Bank NA
Jan 22, 2004
—
Highland Professional Plaza Ll
Odegard,robert L & Elizabeth A
Quit Claim Deed
related
—
Jul 6, 2001
$475,000
Robert Odegard
Fletcher,wendall
Grant Deed
$237,500 · Cascade Bank
Apr 4, 1996
$5,500
Timothy W Mcclincy
Benis,christopher
Grant Deed
—
—
—
Highland Professional Plaza Ll
—
Deed Of Trust
related
$325,000 · First Savings Bank Renton
—
—
Highland Professional Plaza Ll
—
Deed Of Trust
related
—
—
—
Highland Professional Plaza Ll
—
Deed Of Trust
related
—
—
—
Professional Plaza Highland
—
Deed Of Trust
related
$3,200,000 · First Savings Bank Renton
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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