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Property profile & analytics
OFF-MARKET
Estimated value
$36,435,000
Specialty properties
6329 212th St Kent, WA 98032-2525
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-1217626
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
100,928 SF
Lot
6.43 ac (280,270 SF)
Zoning code
I1
APN
112204-9082
UPID
US90-1217626
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
-
O 212 apartment Condominium Complex
-
Astral Apartment Building Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$36.44M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$36.44M
Owner & transaction history
6329 Magnolia Apartments LLC · 2 yrs held
6329 Magnolia Apartments LLC
since 2024
Last sale
$36.4M
7 recorded transactions
Zoning & alternative use
I1 · 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
$36,435,000
ML approach
$36,435,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$36.44M
Range $32.79M – $40.08M · ±10% · vs last sale $36.43M (Jul 17 2024)
Last sale anchor
$36.43M
Jul 17 2024
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
$361 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$323,870
Tax year 2024
Assessed value
$16,389,400
Assessed 2023
Previous assessed
$16,389,400
+0.0% YoY
Effective rate
1.98%
On assessed value
Assessed land
$6,491,000
Assessed improvement
$9,898,400
Land market value
$6,491,000
Improvement market value
$9,898,400
Total market value
$16,389,400
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FLOOR/WALL FURNACE
Buildings
3
Stories
3
Units
152
Total area
100,928 SF
Lot
6.43 ac (280,270 SF)
Zoning code
I1
APN
112204-9082
UPID
US90-1217626
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
I1 · Kent, WA
Zoning I1 · permitted uses
I1 · 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
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FLOOR/WALL FURNACE
Stories
3
Buildings
3
Units
152
Lot
6.43 ac
Current owner
From public records · entity-resolved
6329 Magnolia Apartments LLC
Entity
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 17, 2024
$36,433,750
6329 Magnolia Apartments LLC
6329 South 212 LLC
Special Warranty Deed
$23,211,000 · Berkadia Commercial Mortgage LLC
Apr 17, 2024
—
City Of Kent
6329 South 212 LLC
Warranty Deed
—
Nov 14, 2023
—
City Of Kent
6329 South 212 LLC
Warranty Deed
—
Jun 14, 2023
—
City Of Kent
6329 South 212 LLC
Warranty Deed
—
Nov 17, 2021
$19,000,000
6329 South 212 LLC
Hsk212 LLC
Warranty Deed
$24,000,000 · Bank Of America NA
Feb 2, 2018
$16,750,000
Hsk212 LLC
Lala Salama Hospitality INC
Special Warranty Deed
$12,000,000 · Wells Fargo Bank NA
Jan 24, 2013
$9,108,750
Lala Salama Hospitality INC
Bacm 2006-5 212th Street Lodgi
Grant Deed
—
Mar 14, 2012
$5,808,000
Bacm 2006-5 212th Street Lodgi
Kosydar Christine A
Trustees Deed
related
—
Sep 20, 2006
$6,160,000
Hs Kent LLC
Sunstone Of Properties LLC
Grant Deed
$130,000,000 · * Other Institutional Lenders
Sep 5, 2003
—
Sunstone Op Properties LLC
—
Deed Of Trust
related
$399,500,000 · Massachusetts Mutual Life Ttee
Dec 21, 1999
—
Sunstone Op Properties LLC
Sunstone/kent Associates LP
Quit Claim Deed
related
$518,500 · Pw Real Estate Investments INC
May 27, 1994
—
Kent Hospitality Partners LP
Homecourt Partne
Trustees Deed
related
—
—
—
Sunstone/kent Associates LP
—
Deed Of Trust
related
$16,135,000 · Wells Fargo Bank
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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