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Property profile & analytics
OFF-MARKET
Estimated value
$4,745,000
Warehouses
5862 194th St, Kent, WA 98032-2126
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-1664102
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
14,510 SF
Lot
1.94 ac (84,644 SF)
Zoning code
I2
APN
788880-0160
UPID
US90-1664102
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
-
Kwan Collections (Bike/Boat/Book/etc) Store Clothing & Fashion Store
-
World Wide Premiums LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.60M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.81M
Blend (final)
Blend
$4.75M
Owner & transaction history
Double A Enterprises LLC · 2 yrs held
Double A Enterprises LLC
since 2023
Last sale
$4.9M
7 recorded transactions
Zoning & alternative use
I2 · Kent, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.7M
+121.7%
Auto repair, garage
$6.3M
+82.0%
Medical building
$5.7M
+65.1%
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
Method
Estimation
Statistic approach
$4,625,000
ML approach
$4,595,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,470,000
Current use
RESTAURANT
$7,700,000
Change: +122% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,320,000
Change: +82% · Conversion: Easy
MEDICAL BUILDING
$5,730,000
Change: +65% · Conversion: Difficult
RETAIL STORES
$5,690,000
Change: +64% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$5,535,000
Change: +59% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$5,030,000
Change: +45% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,470,000
Change: +29% · Conversion: Difficult
Blend value · Realmo final
$4.75M
Range $4.27M – $5.22M · ±10% · vs last sale $4.85M (Oct 17 2023)
Last sale anchor
$4.85M
Oct 17 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
$327 / 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
$35,199
Tax year 2022
Assessed value
$3,353,900
Assessed 2022
Previous assessed
$3,353,900
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$2,010,200
Assessed improvement
$1,343,700
Land market value
$2,010,200
Improvement market value
$1,343,700
Total market value
$3,353,900
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
14,510 SF
Lot
1.94 ac (84,644 SF)
Zoning code
I2
APN
788880-0160
UPID
US90-1664102
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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$3.5M
RESTAURANT
Est. value
$7.7M
AUTO REPAIR, GARAGE
Est. value
$6.3M
MEDICAL BUILDING
Est. value
$5.7M
RETAIL STORES
Est. value
$5.7M
INDUSTRIAL (GENERAL)
Est. value
$5.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.0M
COMMERCIAL (GENERAL)
Est. value
$4.5M
WAREHOUSE, STORAGE Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
INDUSTRIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
1.94 ac
Current owner
From public records · entity-resolved
Double A Enterprises LLC
Entity
Mailing address
8011 S 187TH ST, KENT, WA 98032-2514
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2023
$4,850,000
Double A Enterprises LLC
Patrick Kwan
Warranty Deed
$4,122,500 · First Citizens Bank & Trust Co
Jul 23, 2018
—
Patrick P Kwan
—
Deed
related
$2,500,000 · May Road LLC
Oct 2, 2003
—
Patrick Kwan
—
Deed Of Trust
related
$3,900,000 · Washington Mutual Fsb
May 10, 1994
$865,350
Patrick Kwan
Snap-on Incorpor
Grant Deed
$783,000 · West One Bank Washington
—
—
Patrick Kwan
—
Deed Of Trust
related
$750,000 · Commerce Bank Of Washington
—
—
Patrick P Kwan
—
Deed Of Trust
related
$1,190,000 · Bank Of America
—
—
Patrick Kwan
—
Deed Of Trust
related
$370,000 · Evergreen Community Dev Assn
—
—
Patrick Kwan
—
Deed Of Trust
related
$1,800,000 · East West Bank
—
—
Patrick P Kwan
—
Deed Of Trust
related
$1,364,232 · Homestreet Bank
—
—
Patrick Kwan
—
Deed Of Trust
related
$804,000 · Bank Of America
—
—
Patrick P Kwan
—
Deed Of Trust
related
$2,500,000 · May Road LLC
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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