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Property profile & analytics
OFF-MARKET
Estimated value
$4,900,000
Warehouses
7020 Oberto Dr Kent, WA 98032-7014
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-1565964
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1974
Construction
STEEL FRAME
Total area
23,100 SF
Lot
2.07 ac (90,280 SF)
Zoning code
I2
APN
383200-0010
UPID
US90-1565964
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
$5.30M
CAP Approach
CAP
$4.12M
Comparable Approach
Comparable
$6.52M
Blend (final)
Blend
$4.90M
Owner & transaction history
Ross Commercial Properties LLC · 5 yrs held
Ross Commercial Properties LLC
since 2021
Last sale
$4.9M
6 recorded transactions
Zoning & alternative use
I2 · Kent, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$8.0M
+44.9%
Commercial (general)
$7.1M
+28.8%
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
$5,280,000
ML approach
$5,300,000
CAP Approach
CAP Return
Estimation
6%
$4,455,000
6.5%
$4,115,000
7%
$3,820,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,530,000
Current use
APARTMENT HOUSE (5+ UNITS)
$8,010,000
Change: +45% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,120,000
Change: +29% · Conversion: Difficult
Blend value · Realmo final
$4.90M
Range $4.41M – $5.39M · ±10% · vs last sale $4.90M (Jul 1 2021)
Last sale anchor
$4.90M
Jul 1 2021
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
$212 / 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
$49,212
Tax year 2022
Assessed value
$4,545,900
Assessed 2022
Previous assessed
$4,545,900
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$1,941,000
Assessed improvement
$2,604,900
Land market value
$1,941,000
Improvement market value
$2,604,900
Total market value
$4,545,900
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
STEEL FRAME
Heating
SPACE
Stories
1
Total area
23,100 SF
Lot
2.07 ac (90,280 SF)
Zoning code
I2
APN
383200-0010
UPID
US90-1565964
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
$5.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.0M
COMMERCIAL (GENERAL)
Est. value
$7.1M
WAREHOUSE, STORAGE Current
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
STEEL FRAME
Heating
SPACE
Stories
1
Lot
2.07 ac
Current owner
From public records · entity-resolved
Ross Commercial Properties LLC
Entity
Mailing address
18852 72ND AVE S, KENT, WA 98032-1041
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 25, 2023
—
Ross Commercial Properties LLC
—
Deed
related
$4,237,500 · 1st Security Bank Of Washington
Jul 1, 2021
$4,900,000
Ross Commercial Properties LLC
John Glowczyk
Warranty Deed
$4,410,000 · Us Metro Bank
Mar 10, 1998
$650,000
John Glowczyk
United States Bakery
Grant Deed
—
Nov 1, 1994
$465,600
United States Bakery
Smith Cookie Co
Grant Deed
—
—
—
John Glowczyk
—
Deed Of Trust
related
$300,000 · Eastside Mortgage
—
—
John Glowczyk
—
Deed Of Trust
related
$650,000 · Homestreet 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.
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