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Property profile & analytics
OFF-MARKET
Estimated value
$36,640,000
Warehouses
800 43rd St Renton, WA 98057
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-0190128
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2016
Construction
STEEL FRAME
Total area
402,264 SF
Lot
13.98 ac (608,832 SF)
Zoning code
IM
APN
362304-9113
UPID
US90-0190128
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
$36.64M
Owner & transaction history
City Of Renton · 8 yrs held
City Of Renton
since 2017
6 recorded transactions
Zoning & alternative use
IM · 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
$91 / 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
$320,816
Tax year 2022
Assessed value
$26,755,721
Assessed 2022
Previous assessed
$26,755,721
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$10,045,700
Assessed improvement
$16,710,021
Land market value
$10,045,700
Improvement market value
$16,710,021
Total market value
$26,755,721
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2016
Construction
STEEL FRAME
Heating
OTHER
Stories
2
Total area
402,264 SF
Lot
13.98 ac (608,832 SF)
Zoning code
IM
APN
362304-9113
UPID
US90-0190128
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
IM · Renton, WA
Zoning IM · permitted uses
IM · 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
2016
Construction
STEEL FRAME
Heating
OTHER
Stories
2
Lot
13.98 ac
Current owner
From public records · entity-resolved
City Of Renton
Entity
Free & Clear · 8 yrs held
Mailing address
420 ALAN WOOD RD, CONSHOHOCKEN, PA 19428-1141
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
Dec 20, 2017
—
City Of Renton
Ikea Property INC
Quit Claim Deed
related
—
Apr 22, 2009
$32,800,000
Ikea Property INC
Amb Institutional Alliance Fun
Grant Deed
—
Oct 6, 2003
—
Institutional Alliance Fun Amb
—
Deed Of Trust
related
$61,900,000 · Golden American Life Insurance
Jun 20, 2002
—
Institutional Alliance Fun Amb
—
Deed Of Trust
related
$61,900,000 · Golden American Life Insurance
Jun 4, 2002
$40,310
Partners Amb II
Pacific Northwest Bank
Grant Deed
—
—
—
Ikea Property INC
—
Deed Of Trust
related
$24,000,000 · Ikea Cap Bv
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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