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Property profile & analytics
OFF-MARKET
Estimated value
$27,430,000
Warehouses
600 10th St, Renton, WA 98057-2923
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-0194707
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
114,531 SF
Lot
10.01 ac (436,044 SF)
Zoning code
IM
APN
214600-0050
UPID
US90-0194707
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
$19.37M
Comparable Approach
Comparable
$32.70M
Blend (final)
Blend
$27.43M
Owner & transaction history
Ev 600 LLC · 5 yrs held
Ev 600 LLC
since 2021
Last sale
$27.7M
4 recorded transactions
Zoning & alternative use
IM · Renton, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$40.6M
+20.1%
Medical building
$39.4M
+16.4%
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
$29,790,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$20,980,000
6.5%
$19,365,000
7%
$17,985,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$33,830,000
Current use
APARTMENT HOUSE (5+ UNITS)
$40,620,000
Change: +20% · Conversion: Difficult
MEDICAL BUILDING
$39,380,000
Change: +16% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$32,355,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$27.43M
Range $24.69M – $30.17M · ±10% · vs last sale $27.65M (Jan 28 2021)
Last sale anchor
$27.65M
Jan 28 2021
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
$239 / 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
$198,783
Tax year 2022
Assessed value
$18,965,400
Assessed 2022
Previous assessed
$18,965,400
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$9,047,900
Assessed improvement
$9,917,500
Land market value
$9,047,900
Improvement market value
$9,917,500
Total market value
$18,965,400
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
114,531 SF
Lot
10.01 ac (436,044 SF)
Zoning code
IM
APN
214600-0050
UPID
US90-0194707
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
IM · Renton, WA
Zoning IM · permitted uses
IM · 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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$33.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$40.6M
MEDICAL BUILDING
Est. value
$39.4M
INDUSTRIAL (GENERAL)
Est. value
$32.4M
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
INDUSTRIAL (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
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
10.01 ac
Current owner
From public records · entity-resolved
Ev 600 LLC
Entity
Mailing address
3323 NE 163RD ST STE #600, MIAMI, FL 33160-5598
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2023
—
Ev 600 LLC
—
Deed
related
$15,400,000 · Zb NA
Jan 28, 2021
$2,765,000
Ev 600 LLC
Joseph T Ryerson & Son INC
Special Warranty Deed
—
Sep 28, 2016
—
Joseph T Ryerson & Son INC
—
Deed
related
$650,000 · Wells Fargo Bank NA
Nov 7, 2007
$436,050
Joseph T Ryerson & Son INC
Burlington Northern INC
Warranty Deed
—
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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