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Property profile & analytics
OFF-MARKET
Estimated value
$3,060,000
Warehouses
640 Central S Ave Kent, WA 98032-6111
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-1377194
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1974
Construction
WOOD
Total area
11,620 SF
Lot
0.81 ac (35,100 SF)
Zoning code
CM
APN
382800-0585
UPID
US90-1377194
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
-
93 Grand Auto Group Car Dealership
-
Super Auto USA Big Box & Wholesale Store Auto Parts Store
-
PCF Construction Group Construction Company
-
MasterDecks LLC Construction Company General Contractor
-
Timberline Patio Covers General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.87M
CAP Approach
CAP
$2.07M
Comparable Approach
Comparable
$2.09M
Blend (final)
Blend
$3.06M
Owner & transaction history
640 Central LLC · 4 yrs held
640 Central LLC
since 2022
Last sale
$3.2M
7 recorded transactions
Zoning & alternative use
CM · Kent, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$5.1M
+82.0%
Medical building
$4.6M
+65.1%
Retail stores
$4.6M
+63.9%
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
$2,885,000
ML approach
$2,870,000
CAP Approach
CAP Return
Estimation
6%
$2,240,000
6.5%
$2,070,000
7%
$1,920,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,780,000
Current use
AUTO REPAIR, GARAGE
$5,060,000
Change: +82% · Conversion: Easy
MEDICAL BUILDING
$4,590,000
Change: +65% · Conversion: Difficult
RETAIL STORES
$4,560,000
Change: +64% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$4,430,000
Change: +59% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$4,030,000
Change: +45% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,580,000
Change: +29% · Conversion: Difficult
Blend value · Realmo final
$3.06M
Range $2.75M – $3.37M · ±10% · vs last sale $3.24M (Jan 5 2022)
Last sale anchor
$3.24M
Jan 5 2022
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
$263 / 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
$16,869
Tax year 2022
Assessed value
$1,453,200
Assessed 2022
Previous assessed
$1,453,200
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$544,000
Assessed improvement
$909,200
Land market value
$544,000
Improvement market value
$909,200
Total market value
$1,453,200
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
1974
Construction
WOOD
Heating
SPACE
Buildings
2
Stories
1
Total area
11,620 SF
Lot
0.81 ac (35,100 SF)
Zoning code
CM
APN
382800-0585
UPID
US90-1377194
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CM · Kent, WA
Zoning CM · permitted uses
CM · 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
$2.8M
AUTO REPAIR, GARAGE
Est. value
$5.1M
MEDICAL BUILDING
Est. value
$4.6M
RETAIL STORES
Est. value
$4.6M
INDUSTRIAL (GENERAL)
Est. value
$4.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.0M
COMMERCIAL (GENERAL)
Est. value
$3.6M
WAREHOUSE, STORAGE Current
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
1974
Construction
WOOD
Heating
SPACE
Stories
1
Buildings
2
Lot
0.81 ac
Current owner
From public records · entity-resolved
640 Central LLC
Entity
Mailing address
24610 NE 3RD PL, SAMMAMISH, WA 98074-3472
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 6, 2026
—
640 Central LLC
—
Deed
related
$3,200,000 · 1st Security Bank Of Washington
Sep 15, 2025
—
640 Central LLC
—
Deed
related
$271,000 · United States Small Business Admin
Jan 5, 2022
$3,240,000
640 Central LLC
Li Lin
Warranty Deed
$2,275,000 · Telco Community Cu
Dec 14, 2016
—
Lin Li
Song,ke
Quit Claim Deed
related
—
Dec 14, 2016
$1,450,000
Lin Li
Fairview Operation 6 LLC
Grant Deed
$1,182,000 · Bank Of The West
Dec 6, 2016
—
Fairview Operation 6 LLC
—
Deed
related
$8,000,000 · Northwest Bank
Jun 2, 2016
$300,000
Fairview Operation 6 LLC
Petiprin Benjamin D|kleppen-robbins,joyce
Trustees Deed
related
—
Jun 2, 2016
$64,648
Fairview Operation 6 LLC
Petiprin Benjamin D|kleppen-robbins,joyce
Trust Deed
related
—
Mar 24, 2016
—
Dennis R Robbins
Robbins,joyce M
Quit Claim Deed
related
—
—
—
Joyce K Robbins
—
Deed Of Trust
related
$300,000 · Bank Of America
—
—
Joyce Kleppen-robbins
—
Deed Of Trust
related
$491,000 · Bank Of America
—
—
Joyce M Robbins
—
Deed Of Trust
related
$200,000 · Valley Bank
—
—
Joyce M Robbins
—
Deed Of Trust
related
$505,000 · Valley Bank
—
—
Joyce M Robbins
—
Deed Of Trust
related
$175,000 · Valley Bank
—
—
Joyce M Robbins
—
Deed Of Trust
related
$203,765 · Towne Bank
—
—
Joyce M Robbins
—
Deed Of Trust
related
$368,000 · Seafirst Bank
—
—
Joyce Kleppen-robbins
—
Deed Of Trust
related
$200,000 · Bank Of America
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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