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Property profile & analytics
FOR LEASE
Retail space
8208 State Highway 104 NE, Kingston, WA 98346
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US90-1416734
For Lease
1 / 2
$24 SF/Yr
8208 State Highway 104 NE, Kingston, WA 98346
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1999
Total area
9,750 SF
Lot
1.11 ac (48,352 SF)
Zoning code
NC
APN
222702-3-032-2003
UPID
US90-1416734
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
$1.74M
Comparable Approach
Comparable
$1.94M
Blend (final)
Blend
$2.10M
Owner & transaction history
Sg Realty LLC · 18 yrs held
Sg Realty LLC
since 2008
5 recorded transactions
Zoning & alternative use
NC · Kingston, 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 Kingston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kingston 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,885,000
6.5%
$1,740,000
7%
$1,615,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,685,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,485,000
Change: -7% · Conversion: Moderate
OFFICE BUILDING
$2,430,000
Change: -10% · Conversion: Easy
MEDICAL BUILDING
$2,365,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$2.10M
Range $1.89M – $2.30M · ±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
$215 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$26,857
Tax year 2024
Assessed value
$3,102,380
Assessed 2024
Previous assessed
$3,102,380
+0.0% YoY
Effective rate
0.87%
On assessed value
Assessed land
$250,550
Assessed improvement
$2,851,830
Land market value
$250,550
Improvement market value
$2,851,830
Total market value
$3,102,380
Applied tax rate
4,230.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1999
Heating
YES
Stories
1
Total area
9,750 SF
Lot
1.11 ac (48,352 SF)
Zoning code
NC
APN
222702-3-032-2003
UPID
US90-1416734
Jurisdiction
KITSAP
Zoning & alternative use
NC · Kingston, WA
Zoning NC · permitted uses
NC · Kingston, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kingston. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.5M
OFFICE BUILDING
Est. value
$2.4M
MEDICAL BUILDING
Est. value
$2.4M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
MEDICAL BUILDING
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
1999
Heating
YES
Stories
1
Lot
1.11 ac
Current owner
From public records · entity-resolved
Sg Realty LLC
Entity
Mailing address
650 S ORCAS ST STE #210, SEATTLE, WA 98108-2652
Ownership since
2008
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
Sep 12, 2022
—
Sg Realty LLC
—
Deed
related
$2,200,000 · Spokane Teacher Cu
Feb 28, 2008
—
Sg Realty LLC
S G Ptshp
Quit Claim Deed
related
—
Nov 30, 2001
$3,061,124
S G Partnership
Shd Associates LLP
Grant Deed
—
Apr 25, 2001
—
Shd Associates LLP
—
Deed Of Trust
related
$2,100,000 · Sterling Savings Bank
—
—
Sg Realty LLC
—
Deed Of Trust
related
$2,000,000 · Standard 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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