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Property profile & analytics
OFF-MARKET
Estimated value
$2,745,000
Retail space
505 4th St Renton, WA 98057-2506
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-0857379
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1943
Construction
WOOD
Total area
14,712 SF
Lot
0.34 ac (14,998 SF)
Zoning code
CD
APN
783980-0145
UPID
US90-0857379
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
$2.81M
CAP Approach
CAP
$3.38M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.75M
Owner & transaction history
West African Community Center · 2 yrs held
West African Community Center
since 2023
Last sale
$2.7M
5 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
$2,875,000
ML approach
$2,810,000
CAP Approach
CAP Return
Estimation
6%
$3,655,000
6.5%
$3,375,000
7%
$3,135,000
Blend value · Realmo final
$2.75M
Range $2.47M – $3.02M · ±10% · vs last sale $2.65M (Nov 1 2023)
Last sale anchor
$2.65M
Nov 1 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
$187 / 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
$28,457
Tax year 2022
Assessed value
$2,808,600
Assessed 2022
Previous assessed
$2,808,600
+0.0% YoY
Effective rate
1.01%
On assessed value
Assessed land
$629,900
Assessed improvement
$2,178,700
Land market value
$629,900
Improvement market value
$2,178,700
Total market value
$2,808,600
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1943
Construction
WOOD
Heating
FORCED AIR
Stories
2
Total area
14,712 SF
Lot
0.34 ac (14,998 SF)
Zoning code
CD
APN
783980-0145
UPID
US90-0857379
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
1943
Construction
WOOD
Heating
FORCED AIR
Stories
2
Lot
0.34 ac
Current owner
From public records · entity-resolved
West African Community Center
Individual
Mailing address
505 S 4TH ST, RENTON, WA 98057-2506
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2023
$2,650,000
West African Community Center
Main Agenda LLC
Warranty Deed
$1,800,000 · Main Agenda LLC
Jan 16, 2013
—
Mainagenda LLC
Richard W Benton
Quit Claim Deed
related
$422,042 · Us Bank NA
Jan 17, 2003
—
Richard W Benton
Bluestone INC
Grant Deed
related
—
Oct 31, 2002
$800,000
Bluestone INC
Fern E Rogis Family LP
Grant Deed
$640,000 · Us Bank NA
Jun 9, 1999
—
Regis Family LP
Regis,fern E
Quit Claim Deed
related
—
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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