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Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Grocery and convenience stores
505 3rd St Renton, WA 98057-2009
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US90-0438514
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,000 SF
Lot
0.12 ac (5,280 SF)
Zoning code
CD
APN
783980-0035
UPID
US90-0438514
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
$780k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$655k
Owner & transaction history
Nguyen Loan K · 7 yrs held
Nguyen Loan K
since 2019
7 recorded transactions
Zoning & alternative use
CD · 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%
$840,000
6.5%
$780,000
7%
$720,000
Blend value · Realmo final
$655k
Range $590k – $721k · ±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
$218 / 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
$6,277
Tax year 2022
Assessed value
$621,500
Assessed 2022
Previous assessed
$621,500
+0.0% YoY
Effective rate
1.01%
On assessed value
Assessed land
$227,000
Assessed improvement
$394,500
Land market value
$227,000
Improvement market value
$394,500
Total market value
$621,500
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Total area
3,000 SF
Lot
0.12 ac (5,280 SF)
Zoning code
CD
APN
783980-0035
UPID
US90-0438514
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CD · Renton, WA
Zoning CD · permitted uses
CD · 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
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Nguyen Loan K
Individual
Mailing address
7623 116TH AVE SE, NEWCASTLE, WA 98056-1731
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 28, 2019
—
Nguyen Loan K
—
Deed
related
—
May 16, 2019
$560,000
Nguyen Loan K
Theatre,renton C
Warranty Deed
—
Sep 29, 2016
—
Renton Civic Theatre
—
Deed
related
$411,000 · First Fin'l Nw Bk
Feb 17, 2000
$290,000
Renton Civic Theatre
Yi,mee H
Grant Deed
$320,000 · First Savings Bank Renton
Sep 19, 1989
$165,000
Ki Sok Yi
Han,dong Kyung&m
Grant Deed
$8,200 · Seller
Mar 10, 1989
$165,000
Dong Kyung Han
Bowman
Grant Deed
$214,500 · Seller
—
—
Ki S Yi
—
Deed Of Trust
related
$83,320 · City Bank
—
—
Nguyen Loan K
—
Deed Of Trust
related
—
—
—
Renton Civic Theatre
—
Deed Of Trust
related
$416,163 · James & Margaret Tierney
—
—
Renton Civic Theatre
—
Loan Modification
related
$411,000 · First Fin'l Nw Bk
—
—
Renton Civic Theatre
—
Deed Of Trust
related
$507,000 · First Savings Bank Renton
—
—
Mee H Yi
—
Deed Of Trust
related
$50,500 · Individual
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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