Back to Search
Property profile & analytics
OFF-MARKET
Parking lots & garages
5311 Sunset Blvd Renton, WA 98059-4233
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US90-1242105
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
540 SF
Lot
6 ac (261,360 SF)
Zoning code
R-4
APN
032305-9028
UPID
US90-1242105
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
by Request
Owner & transaction history
Honey Creek LLC · 11 yrs held
Honey Creek LLC
since 2015
7 recorded transactions
Zoning & alternative use
R-4 · Renton, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Residential-4 (R-4) Zone applies to lands suitable for low-density residential uses and provides transition between rural designation zones and higher intensity residential zones. To expand the variety of housing options, the R-4 Zone allows for both single-family development and middle housing
Zone name
Residential 4 Dwelling Unit Per Acre
General category
RESIDENTIAL
Zone area
1,641.78 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$26,776
Tax year 2022
Assessed value
$3,150,000
Assessed 2022
Previous assessed
$3,150,000
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$1,372,100
Assessed improvement
$1,777,900
Land market value
$1,372,100
Improvement market value
$1,777,900
Total market value
$3,150,000
Applied tax rate
2,135.0000
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Buildings
3
Stories
1
Total area
540 SF
Lot
6 ac (261,360 SF)
Zoning code
R-4
APN
032305-9028
UPID
US90-1242105
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
R-4 · Renton, WAZoning R-4 · permitted uses
R-4 · Renton, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Residential-4 (R-4) Zone applies to lands suitable for low-density residential uses and provides transition between rural designation zones and higher intensity residential zones. To expand the variety of housing options, the R-4 Zone allows for both single-family development and middle housing
Zone name
Residential 4 Dwelling Unit Per Acre
General category
RESIDENTIAL
Zone area
1,641.78 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Buildings
3
Lot
6 ac
Current owner
From public records · entity-resolved
Honey Creek LLC
Entity
Mailing address
33016 SE 76TH ST, FALL CITY, WA 98024-6706
Ownership since
2015
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
Mar 4, 2015
$1,795,000
Honey Creek LLC
Hendrickson Firgrove LLC
Warranty Deed
$800,000 · Harborstone Cu
Jan 19, 2006
—
Hendrickson Fir Grove LLC
Loran B Hendrickson Family
Quit Claim Deed
related
—
Apr 8, 1999
$825,000
Loran B Hendrickson Family LP
Wen,jennifer M
Grant Deed
$585,000 · Seller
Oct 31, 1989
$500,000
Wen Kuie
Stuth
Grant Deed
$500,000 · Seller
—
—
Hendrickson Fir Grove LLC
—
Deed Of Trust
related
$1,150,000 · Harborstone Cu
—
—
Loran B Hendrickson Family LP
—
Deed Of Trust
related
$354,612 · Timberland Bank
—
—
Henrickson Fir Grove LLC
—
Deed Of Trust
related
$755,000 · Timberland Bank
—
—
Hendrickson Fir Grove LLC
—
Deed Of Trust
related
$240,000 · Timberland 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 5311 Sunset Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
