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Property profile & analytics
OFF-MARKET
Estimated value
$6,285,000
Warehouses
7010 188th St, Kent, WA 98032-1055
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US90-1399105
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
25,200 SF
Lot
1.8 ac (78,280 SF)
Zoning code
I2
APN
883660-0055
UPID
US90-1399105
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
-
BÖHLER Aerospace USA Industrial Manufacturer Production Facility
-
voestalpine High Performance Metals Corp. Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.49M
Comparable Approach
Comparable
$5.58M
Blend (final)
Blend
$6.29M
Owner & transaction history
7010 Trackside LLC
7010 Trackside LLC
since 2025
Last sale
$7.5M
3 recorded transactions
Zoning & alternative use
I2 · Kent, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$10.0M
+65.1%
Retail stores
$9.9M
+63.9%
Industrial (general)
$9.6M
+59.4%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,860,000
6.5%
$4,490,000
7%
$4,170,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$6,030,000
Current use
MEDICAL BUILDING
$9,955,000
Change: +65% · Conversion: Difficult
RETAIL STORES
$9,885,000
Change: +64% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$9,610,000
Change: +59% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$8,735,000
Change: +45% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,765,000
Change: +29% · Conversion: Difficult
Blend value · Realmo final
$6.29M
Range $5.66M – $6.91M · ±10% · vs last sale $7.54M (Jul 10 2025)
Last sale anchor
$7.54M
Jul 10 2025
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
$249 / 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
$41,076
Tax year 2022
Assessed value
$3,891,000
Assessed 2022
Previous assessed
$3,891,000
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$1,859,100
Assessed improvement
$2,031,900
Land market value
$1,859,100
Improvement market value
$2,031,900
Total market value
$3,891,000
Applied tax rate
1,514.0000
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
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
25,200 SF
Lot
1.8 ac (78,280 SF)
Zoning code
I2
APN
883660-0055
UPID
US90-1399105
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
I2 · Kent, WA
Zoning I2 · permitted uses
I2 · 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
$6.0M
MEDICAL BUILDING
Est. value
$10.0M
RETAIL STORES
Est. value
$9.9M
INDUSTRIAL (GENERAL)
Est. value
$9.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.7M
COMMERCIAL (GENERAL)
Est. value
$7.8M
WAREHOUSE, STORAGE Current
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
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
1.8 ac
Current owner
From public records · entity-resolved
7010 Trackside LLC
Entity
Mailing address
1416 MCGILVRA BLVD E, SEATTLE, WA 98112-3816
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 10, 2025
$7,540,000
7010 Trackside LLC
Jtt Properties LLC
Warranty Deed
$6,032,000 · Columbia Bank
Jul 1, 2025
—
Jtt Properties LLC
Jtt Properties LLC
Deed
related
—
May 7, 1991
$113,000
John T Toland
J.t.t. Northwest
Grant Deed
—
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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