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Property profile & analytics
OFF-MARKET
Estimated value
$2,980,000
Office buildings
600 Washington S Ave, Kent, WA 98032-5708
Entity Owned
8-yr Hold
Free & Clear
Property ID
US90-1514551
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
18,000 SF
Lot
1.95 ac (84,925 SF)
Zoning code
GC
APN
242204-9004
UPID
US90-1514551
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
$3.90M
Blend (final)
Blend
$2.98M
Owner & transaction history
Bobmikes LLC · 8 yrs held
Bobmikes LLC
since 2017
7 recorded transactions
Zoning & alternative use
GC · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,685,000
Current use
Blend value · Realmo final
$2.98M
Range $2.68M – $3.28M · ±10%
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
$166 / 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
$32,457
Tax year 2022
Assessed value
$3,069,000
Assessed 2022
Previous assessed
$3,069,000
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$1,592,300
Assessed improvement
$1,476,700
Land market value
$1,592,300
Improvement market value
$1,476,700
Total market value
$3,069,000
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
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
GAS
Cooling
AC.PACKAGE
Stories
1
Bathrooms
1
Total area
18,000 SF
Lot
1.95 ac (84,925 SF)
Zoning code
GC
APN
242204-9004
UPID
US90-1514551
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
GC · Kent, WA
Zoning GC · permitted uses
GC · 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
OFFICE BUILDING Current
Est. value
$4.7M
OFFICE BUILDING Current
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
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
GAS
Cooling
Yes
Stories
1
Bathrooms
1
Lot
1.95 ac
Current owner
From public records · entity-resolved
Bobmikes LLC
Entity
Free & Clear · 8 yrs held
Mailing address
5632 PLEASURE PT LN SE, BELLEVUE, WA 98006-2656
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 6, 2017
—
Bobmikes LLC
Richards,michael W
Warranty Deed
—
Jul 8, 2014
—
Michael M Richards
Richards E M & C M Trust
Quit Claim Deed
related
—
Apr 22, 2014
—
Richards,eugene M & C M Trust
Richards Eugene M
Quit Claim Deed
related
—
Dec 30, 2009
—
Michael J Holmes
Holric LLC
Warranty Deed
—
Jun 15, 2009
—
Kent City
Holric LLC
Quit Claim Deed
related
—
Jun 6, 2008
$1,250,000
Holric LLC
Bcc Rpi Kent LLC
Grant Deed
—
Aug 13, 2007
$9,350,000
Bcc Rpi Kent LLC
Sound Publishing Holding INC
Warranty Deed
—
Nov 30, 2006
$9,000,000
Sound Publishing Holding INC
Northwest Media Wa
Warranty Deed
—
Jul 14, 1994
—
Northwest Media INC
Persis Corp
Quit Claim Deed
related
—
May 3, 1990
$6,000
Skinner,burdette L
Asa
Trustees Deed
$6,000 · Company Misc
May 3, 1990
—
Asa Properties Hawaii INC
Skinner,burdette
Quit Claim Deed
related
—
Dec 28, 1989
$4,000,000
Asa Properties Hawaii
Donrey
Grant 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.
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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