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Property profile & analytics
OFF-MARKET
Refrigerated & Cold Storage
8022 212th St Kent, WA 98032
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-0355236
Property profile
Verified
Property type
Refrigerated & Cold Storage
Use group
COLD STORAGE
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
57,900 SF
Lot
3.8 ac (165,573 SF)
Zoning code
I2
APN
122204-9088
UPID
US90-0355236
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
-
Apex Cold Storage Co Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Dpif3 Wa 10 Olympic Kent LLC · 4 yrs held
Dpif3 Wa 10 Olympic Kent LLC
since 2021
Last sale
$62.0M
7 recorded transactions
Zoning & alternative use
I2 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$101,171
Tax year 2022
Assessed value
$9,074,200
Assessed 2022
Previous assessed
$9,074,200
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$3,849,500
Assessed improvement
$5,224,700
Land market value
$3,849,500
Improvement market value
$5,224,700
Total market value
$9,074,200
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
Refrigerated & Cold Storage
Use group
COLD STORAGE
Status
Off-Market
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
57,900 SF
Lot
3.8 ac (165,573 SF)
Zoning code
I2
APN
122204-9088
UPID
US90-0355236
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.
Building & site characteristics
From public records
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
3.8 ac
Current owner
From public records · entity-resolved
Dpif3 Wa 10 Olympic Kent LLC
Entity
Mailing address
5500 EQUITY AVE, RENO, NV 89502-2343
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 16, 2025
—
Dpif3 Wa 10 Olympic Kent LLC
—
Deed
related
$119,082,000 · New York Life Insurance Company
Feb 2, 2022
—
Dpif3 Wa 10 Olympic Kent LLC
—
Deed
related
$1,000,000 · Jpmorgan Chase Bank NA
Nov 1, 2021
$62,000,000
Dpif3 Wa 10 Olympic Kent LLC
Olympic Steamship Co INC
Bargain And Sale Deed
—
Jun 11, 2004
$3,100,000
Olympic Steamship Co INC
Jph II LLC
Grant Deed
$3,950,000 · Miramar II LLC
Feb 2, 2004
—
Jph II LLC
Johnson,lisa M
Quit Claim Deed
related
—
Jan 27, 2004
$1,140,000
Lisa M Johnson
Johnson,tr
Quit Claim Deed
related
—
Jan 27, 2004
$80,000
Lisa M Johnson
Johnson,bradley W
Quit Claim Deed
related
—
Sep 16, 2003
$1,400,000
Jph II LLC
Johnson Property Holdings LLC
Quit Claim Deed
related
$650,000 · Johnson Property Holdings LLC
May 5, 2003
—
Lisa M Johnson
Chk LP
Quit Claim Deed
related
—
—
—
Chk Limited Partnership
—
Deed Of Trust
related
$1,725,000 · Us Bank
—
—
Chk LP
—
Deed Of Trust
related
$1,750,000 · Us Bank
—
—
Olympic Steamship Co INC
—
Deed Of Trust
related
$1,500,000 · Sterling Bank
—
—
Olympic Steamship Co
—
Deed Of Trust
related
$1,000,000 · Assurity Life Insurance Co
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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