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Property profile & analytics
OFF-MARKET
Estimated value
$38,005,000
Manufacturing properties
737 Logan N Ave, Renton, WA 98057-5535
Entity Owned
3-yr Hold
Free & Clear
Property ID
US90-1714959
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1942
Construction
STEEL FRAME
Total area
845,481 SF
Lot
153.28 ac (6,676,701 SF)
Zoning code
UC
APN
072305-9001
UPID
US90-1714959
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$38.01M
Owner & transaction history
The Boeing Company · 3 yrs held
The Boeing Company
since 2023
5 recorded transactions
Zoning & alternative use
UC · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$45 / 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
$2,642,662
Tax year 2022
Assessed value
$287,228,400
Assessed 2022
Previous assessed
$287,228,400
+0.0% YoY
Effective rate
0.92%
On assessed value
Assessed land
$187,219,900
Assessed improvement
$100,008,500
Land market value
$187,219,900
Improvement market value
$100,008,500
Total market value
$287,228,400
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1942
Construction
STEEL FRAME
Heating
STEAM
Buildings
28
Stories
3
Total area
845,481 SF
Lot
153.28 ac (6,676,701 SF)
Zoning code
UC
APN
072305-9001
UPID
US90-1714959
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
UC · Renton, WA
Zoning UC · permitted uses
UC · 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
1942
Construction
STEEL FRAME
Heating
STEAM
Stories
3
Buildings
28
Lot
153.28 ac
Current owner
From public records · entity-resolved
The Boeing Company
Entity
Free & Clear · 3 yrs held
Mailing address
PO BOX 3707, SEATTLE, WA 98124-2207
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2023
—
The Boeing Company
Washington Dept Of Natural Resource
Declaration
related
—
Dec 16, 2021
—
City Of Renton
The Boeing Company
Deed
—
May 14, 2008
—
City Of Renton
Boeing
Grant Deed
related
—
Dec 12, 2006
—
City Of Renton
Boeing
Grant Deed
related
—
Aug 17, 2006
—
City Of Renton
Boeing
Grant Deed
related
—
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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