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Property profile & analytics
OFF-MARKET
Estimated value
$7,275,000
Showrooms
710 2nd St Renton, WA 98057-2120
Individually Owned
1-yr Hold
Free & Clear
Property ID
US90-1264668
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
36,055 SF
Lot
1.52 ac (66,000 SF)
Zoning code
CD
APN
723150-2085
UPID
US90-1264668
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
$7.25M
CAP Approach
CAP
$7.32M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.28M
Owner & transaction history
Renton School District No 403 · 1 yrs held
Renton School District No 403
since 2024
3 recorded transactions
Zoning & alternative use
CD · Renton, 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 Renton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Renton 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
$7,250,000
ML approach
$7,250,000
CAP Approach
CAP Return
Estimation
6%
$7,930,000
6.5%
$7,320,000
7%
$6,800,000
Blend value · Realmo final
$7.28M
Range $6.55M – $8.00M · ±10%
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
$202 / 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
$51,889
Tax year 2022
Assessed value
$4,699,900
Assessed 2022
Previous assessed
$4,699,900
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$2,739,000
Assessed improvement
$1,960,900
Land market value
$2,739,000
Improvement market value
$1,960,900
Total market value
$4,699,900
Applied tax rate
2,100.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
36,055 SF
Lot
1.52 ac (66,000 SF)
Zoning code
CD
APN
723150-2085
UPID
US90-1264668
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CD · Renton, WA
Zoning CD · permitted uses
CD · Renton, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Renton. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
1.52 ac
Current owner
From public records · entity-resolved
Renton School District No 403
Individual
Free & Clear · 1 yrs held
Mailing address
9267 S JULIE ANN WAYGW, WEST JORDAN, UT 84088-8611
Ownership since
2024
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
Aug 1, 2024
—
Renton School District No 403
Hs Property Wa LLC
Warranty Deed
—
Jan 24, 2024
$7,250,000
Hs Property Wa LLC
Black River Ventures LLC
Bargain And Sale Deed
$5,800,000 · Bokf NA
Nov 7, 2012
—
Black River Ventures LLC
Cugini,alex JR & Norma J
Warranty 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.
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