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Property profile & analytics
OFF-MARKET
Office buildings
5840 228th St, Kent, WA 98032-1810
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-0187587
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,624 SF
Lot
1.66 ac (72,233 SF)
Zoning code
I2
APN
142204-9009
UPID
US90-0187587
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
Current use
Occupant on record · Public records
-
Bob Oates Sewer & Rooter Plumbing Service General Contractor
-
Speed Trans LLC Freight Service Logistics Company
-
Eagle Systems Inc Freight Service Logistics Company
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
Puciet Sound Regional Fire Authorit · 2 yrs held
Puciet Sound Regional Fire Authorit
since 2024
7 recorded transactions
Zoning & alternative use
I2 · Kent, 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 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
—
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
$18,474
Tax year 2022
Assessed value
$1,794,000
Assessed 2022
Previous assessed
$1,794,000
+0.0% YoY
Effective rate
1.03%
On assessed value
Assessed land
$1,715,500
Assessed improvement
$78,500
Land market value
$1,715,500
Improvement market value
$78,500
Total market value
$1,794,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
ELECTRIC
Cooling
CENTRAL
Stories
1
Total area
1,624 SF
Lot
1.66 ac (72,233 SF)
Zoning code
I2
APN
142204-9009
UPID
US90-0187587
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
I2 · Kent, WA
Zoning I2 · permitted uses
I2 · Kent, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kent. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
ELECTRIC
Cooling
Yes
Stories
1
Lot
1.66 ac
Current owner
From public records · entity-resolved
Puciet Sound Regional Fire Authorit
Individual
Mailing address
PO BOX 95939, SEATTLE, WA 98145-2939
Ownership since
2024
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
Jun 14, 2024
—
Puciet Sound Regional Fire Authorit
Kent 228 LLC
Bargain & Sale Deed
—
Feb 29, 2008
—
Kent 228 LLC
System Transfer & Storage
Quit Claim Deed
related
—
May 10, 2002
$1,675,000
System Transfer Storage Co
Heritage Design INC
Grant Deed
$1,000,000 · B & P Investments
Sep 7, 2001
—
Heritage Design INC
—
Trustees Deed
related
$975,000 · Pacific Northwest Bank
Jun 30, 2000
$400,000
Heritage Design INC
Dinwood Forest Products Ltd
Grant Deed
$300,000 · Dinwood Forest Products Ltd
May 15, 1990
$136,250
T J Import-export Corp
Champion Lumber
Quit Claim Deed
related
—
Feb 21, 1990
$272,500
Forest Product Dinwood
Mcelderry
Grant Deed
$87,200 · Seller
—
—
Kent 228 LLC
—
Deed Of Trust
related
$500,000 · Stuart P Soules
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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