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Property profile & analytics
OFF-MARKET
Estimated value
$13,910,000
Distribution centers
6006 228th St Kent, WA 98032-1806
Entity Owned
16-yr Hold
Free & Clear
Property ID
US90-1645964
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
109,352 SF
Lot
5.86 ac (255,283 SF)
Zoning code
I2
APN
142204-9069
UPID
US90-1645964
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
-
Pioneer Packaging Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.91M
Owner & transaction history
Bs Group LLC · 16 yrs held
Bs Group LLC
since 2009
5 recorded transactions
Zoning & alternative use
I2 · Kent, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The I2 mixed industrialdistrictis intended to accommodate a range of small, moderate and large scale industrialusesand activities with moderate to high employment density
Zone name
Mixed Industrial
General category
INDUSTRIAL
Zone area
2,210.49 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 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
$127 / 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
$239,455
Tax year 2022
Assessed value
$22,258,300
Assessed 2022
Previous assessed
$22,258,300
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$5,935,300
Assessed improvement
$16,323,000
Land market value
$5,935,300
Improvement market value
$16,323,000
Total market value
$22,258,300
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
109,352 SF
Lot
5.86 ac (255,283 SF)
Zoning code
I2
APN
142204-9069
UPID
US90-1645964
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
I2 · Kent, WAZoning I2 · permitted uses
I2 · Kent, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The I2 mixed industrialdistrictis intended to accommodate a range of small, moderate and large scale industrialusesand activities with moderate to high employment density
Zone name
Mixed Industrial
General category
INDUSTRIAL
Zone area
2,210.49 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
5.86 ac
Current owner
From public records · entity-resolved
Bs Group LLC
Entity
Free & Clear · 16 yrs held
Mailing address
6006 S 228TH ST, KENT, WA 98032-1806
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 17, 2021
—
Bs Group LLC
—
Deed
related
$5,250,000 · Jpmorgan Chase Bank NA
Jan 29, 2019
—
Bs Group LLC
—
Deed
related
$8,700,000 · Jpmorgan Chase Bank NA
Nov 6, 2009
—
Bs Group LLC
Bs Group
Quit Claim Deed
—
Jul 7, 2003
$8,748,430
Bs Group
Tarragon-van Dorens Central
Grant Deed
$4,750,000 · Thrivent Financial For Luthera
—
—
Bs Group LLC
—
Deed Of Trust
related
$4,750,000 · Thrivent Financial For Luthera
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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