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Property profile & analytics
OFF-MARKET
Estimated value
$13,915,000
Warehouses
7622 188th St Kent, WA 98032-1021
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-1627182
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
77,655 SF
Lot
6.31 ac (274,672 SF)
Zoning code
I3
APN
125370-0310
UPID
US90-1627182
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
-
American Foods Group, LLC - King's Command Foods LLC Butcher Big Box & Wholesale Store
-
Ocean’s Kitchen Property Management, LLC Property Management Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.10M
CAP Approach
CAP
$13.83M
Comparable Approach
Comparable
$17.86M
Blend (final)
Blend
$13.92M
Owner & transaction history
Oceans Kitchen Property Management · 3 yrs held
Oceans Kitchen Property Management
since 2023
Last sale
$14.2M
5 recorded transactions
Zoning & alternative use
I3 · 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
Method
Estimation
Statistic approach
$13,505,000
ML approach
$9,095,000
CAP Approach
CAP Return
Estimation
6%
$14,985,000
6.5%
$13,830,000
7%
$12,845,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$18,580,000
Current use
Blend value · Realmo final
$13.92M
Range $12.52M – $15.31M · ±10% · vs last sale $14.17M (May 15 2023)
Last sale anchor
$14.17M
May 15 2023
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
$179 / 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
$134,347
Tax year 2022
Assessed value
$12,456,700
Assessed 2022
Previous assessed
$12,456,700
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$6,111,400
Assessed improvement
$6,345,300
Land market value
$6,111,400
Improvement market value
$6,345,300
Total market value
$12,456,700
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
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Buildings
3
Stories
2
Total area
77,655 SF
Lot
6.31 ac (274,672 SF)
Zoning code
I3
APN
125370-0310
UPID
US90-1627182
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
I3 · Kent, WA
Zoning I3 · permitted uses
I3 · 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
$18.6M
WAREHOUSE, STORAGE Current
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
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
2
Buildings
3
Lot
6.31 ac
Current owner
From public records · entity-resolved
Oceans Kitchen Property Management
Entity
Mailing address
7312 NE 120TH PL, KIRKLAND, WA 98034-2410
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
May 15, 2023
$14,165,000
Oceans Kitchen Property Management
7622 Shc LLC
Bargain And Sale Deed
—
Feb 12, 2020
—
Kings Command Foods LLC
American Prepared Foods LLC
Quit Claim Deed
related
—
Aug 6, 2014
$6,000,000
American Prepared Foods LLC
Baer Real Estate LLC
Grant Deed
—
Aug 6, 2014
—
Baer Real Estate LLC
Baer Family Ptshp
Quit Claim Deed
related
—
—
—
Kings Command Foods LLC
—
Deed Of Trust
related
$350,000,000 · Bank Of Montreal
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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