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Property profile & analytics
FOR SALE
Office buildings
6703 S 234Th St Kent, WA 98032
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-1282586
For Sale
1 / 2
$660,000
6703 S 234Th St, Kent, WA 98032
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
33,040 SF
Lot
2.31 ac (100,748 SF)
Zoning code
I1
APN
887980-0090
UPID
US90-1282586
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
-
First Citizens Bank Bank Loan Service
-
Gregory L. Girard Law Firm
-
Gouras Law Firm P.L.L.C. Law Firm Child Welfare Organization
-
WCP Solutions - Corporate Office Corporate Office
-
Puget Law Group Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$830k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$660k
Owner & transaction history
Van Dorens Landing Office Plaza LLC · 5 yrs held
Van Dorens Landing Office Plaza LLC
since 2020
Last sale
$601,132
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
$605,000
ML approach
$830,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$660k
Range $594k – $726k · ±10% · vs last sale $601k (Dec 22 2020)
Last sale anchor
$601k
Dec 22 2020
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
$20 / 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
$63,327
Tax year 2022
Assessed value
$5,696,800
Assessed 2022
Previous assessed
$5,696,800
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$2,094,500
Assessed improvement
$3,602,300
Land market value
$2,094,500
Improvement market value
$3,602,300
Total market value
$5,696,800
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
For Sale
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
3
Total area
33,040 SF
Lot
2.31 ac (100,748 SF)
Zoning code
I1
APN
887980-0090
UPID
US90-1282586
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
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
3
Lot
2.31 ac
Current owner
From public records · entity-resolved
Van Dorens Landing Office Plaza LLC
Entity
Mailing address
923 POWELL AVE SW STE #101, RENTON, WA 98057-2943
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2020
—
Van Dorens Landing Office Plaza LLC
Van Dorens Landing Office Plaza LLC
Intrafamily Transfer
related
$3,775,000 · First Citizens Bank And Trust Co In
Jun 7, 2000
—
Thomas & Betts Corp
Augat INC
Quit Claim Deed
related
—
Aug 25, 1995
$601,132
Augat Communication Products
Birtcher Vdl Land Ptshp
Grant Deed
—
—
—
Van Dorens Landing Office Plz
—
Deed Of Trust
related
$4,000,000 · Us Bank NA
—
—
Van Dorens Landing Office Plaz
—
Deed Of Trust
related
$270,000 · Pacific Northwest Bank
—
—
Van Dorens Landing Office Plaz
—
Deed Of Trust
related
$4,520,000 · Cascade Bank
—
—
Van Dorens Landing Office Plaz
—
Deed Of Trust
related
$880,000 · Cascade 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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