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Property profile & analytics
OFF-MARKET
Estimated value
$5,110,000
Warehouses
6840 196th St, Kent, WA 98032-1183
Trust Owned
Absentee Owner
Free & Clear
Property ID
US90-1275057
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2019
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
43,811 SF
Lot
2.8 ac (121,861 SF)
Zoning code
I1
APN
331060-0285
UPID
US90-1275057
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
-
Sparta Evolution Industrial Manufacturer Production Facility
-
Auto-Chlor System Big Box & Wholesale Store
-
Northern Sales Co Grocery & Convenience Store Food Market
-
Valencia Office Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.11M
Owner & transaction history
Jerry Ivy Revocable Trust
Jerry Ivy Revocable Trust
since 2026
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$117 / 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
$82,689
Tax year 2022
Assessed value
$7,486,400
Assessed 2022
Previous assessed
$7,486,400
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$2,924,600
Assessed improvement
$4,561,800
Land market value
$2,924,600
Improvement market value
$4,561,800
Total market value
$7,486,400
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2019
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
GAS
Cooling
AC.PACKAGE
Stories
1
Total area
43,811 SF
Lot
2.8 ac (121,861 SF)
Zoning code
I1
APN
331060-0285
UPID
US90-1275057
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
2019
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
GAS
Cooling
Yes
Stories
1
Lot
2.8 ac
Current owner
From public records · entity-resolved
Jerry Ivy Revocable Trust
Trust
Free & Clear · 0 yrs held
Mailing address
450 FERGUSON DR, MOUNTAIN VIEW, CA 94043-5214
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
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
Jan 8, 2026
—
Jerry Ivy Revocable Trust
Jerry Ivy Revocable Trust
Deed
related
—
Jul 1, 2016
$2,904,000
Ivy,jerry Trust
Szf Investment LLC
Warranty Deed
—
Apr 16, 2003
$1,395,000
Szf Investment LLC
Gss Properties LLC
Grant Deed
$826,125 · Key Bank NA
May 6, 1997
$875,000
Gss Properties LLC
Arrow Electronics INC
Grant Deed
$787,000 · Money Store Investment Corp
Feb 17, 1988
$1,129,000
Arrow Electronic INC
Ducommun,inc
Grant Deed
—
—
—
Szf Investment LLC
—
Deed Of Trust
related
$2,250,000 · Key Bank NA
—
—
Szf Investment LLC
—
Deed Of Trust
related
$683,000 · Evergreen Community Dev Assn
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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