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Property profile & analytics
OFF-MARKET
Estimated value
$1,295,000
Retail space
6708 181st St Kenmore, WA 98028-5041
Entity Owned
2-yr Hold
Free & Clear
Property ID
US90-3279577
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
17,030 SF
Lot
1.16 ac (50,700 SF)
Zoning code
DC
APN
618170-0456
UPID
US90-3279577
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
$1.33M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$931k
Blend (final)
Blend
$1.30M
Owner & transaction history
Donovan Building LLC · 2 yrs held
Donovan Building LLC
since 2023
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
DC · Kenmore, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The downtown commercial zone features a mix ofprivateand publicusesdesigned to create a small town feel and pedestrian friendly environment
Zone name
Downtown Commercial
General category
COMMERCIAL
Zone area
40.96 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 Kenmore submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kenmore 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
$1,355,000
ML approach
$1,325,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.30M
Range $1.17M – $1.42M · ±10% · vs last sale $1.25M (Dec 29 2023)
Last sale anchor
$1.25M
Dec 29 2023
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
$76 / 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
$48,574
Tax year 2022
Assessed value
$4,853,500
Assessed 2022
Previous assessed
$4,853,500
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$2,129,400
Assessed improvement
$2,724,100
Land market value
$2,129,400
Improvement market value
$2,724,100
Total market value
$4,853,500
Applied tax rate
1,442.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Total area
17,030 SF
Lot
1.16 ac (50,700 SF)
Zoning code
DC
APN
618170-0456
UPID
US90-3279577
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
DC · Kenmore, WAZoning DC · permitted uses
DC · Kenmore, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The downtown commercial zone features a mix ofprivateand publicusesdesigned to create a small town feel and pedestrian friendly environment
Zone name
Downtown Commercial
General category
COMMERCIAL
Zone area
40.96 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Lot
1.16 ac
Current owner
From public records · entity-resolved
Donovan Building LLC
Entity
Free & Clear · 2 yrs held
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2023
—
Donovan Building LLC
Robert J Donovan
Intrafamily Transfer
related
—
Aug 18, 2015
—
Donovan,james & Martha Trust
Donovan,james M & Martha W
Quit Claim Deed
related
$2,368,000 · Keybank USA
Nov 4, 2014
—
James M Donovan
—
Grant Deed
related
$3,197,195 · Keybank USA
Apr 5, 2013
$1,250,000
James M Donovan
City Of Kenmore
Warranty Deed
$3,197,195 · Key Bank & Trust
Sep 2, 2003
$5,200,000
Kenmore City (wa)
Jankelson,tr
Grant Deed
—
Dec 3, 2002
—
Roland Jankelson
Jankelson Real Property Inv
Quit Claim Deed
related
—
Jul 27, 2000
—
Roland C Jankelson
—
Deed Of Trust
related
$1,500,000 · First Mutual Bank
—
—
Jankelson Real Property Inv
—
Deed Of Trust
related
$265,000 · Roland C Jankelson
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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