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Property profile & analytics
OFF-MARKET
Estimated value
$24,700,000
Showrooms
8301 180th St Kent, WA 98032-1000
Entity Owned
24-yr Hold
~
Est. High Equity
Property ID
US90-0200771
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
141,066 SF
Lot
10.83 ac (471,585 SF)
Zoning code
I1
APN
362304-9005
UPID
US90-0200771
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
-
Mor Furniture for Less Furniture & Home Goods Home Decor Store
-
Trs Inc Theater & Performing Art Venue Music Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$33.70M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$24.70M
Owner & transaction history
Hill Family II LLC · 24 yrs held
Hill Family II LLC
since 2002
4 recorded transactions
Zoning & alternative use
I1 · Kent, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The I1 industrial business district consists of areas of high opportunity for the city in terms of employment, revenue, and placemaking
Zone name
Industrial Business
General category
INDUSTRIAL
Zone area
1,776.37 ac
Source
Realmo
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$36,500,000
6.5%
$33,695,000
7%
$31,285,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$36,730,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$24.70M
Range $22.23M – $27.17M · ±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
$175 / 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
$331,985
Tax year 2022
Assessed value
$32,067,100
Assessed 2022
Previous assessed
$32,067,100
+0.0% YoY
Effective rate
1.04%
On assessed value
Assessed land
$10,728,500
Assessed improvement
$21,338,600
Land market value
$10,728,500
Improvement market value
$21,338,600
Total market value
$32,067,100
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Buildings
2
Stories
1
Total area
141,066 SF
Lot
10.83 ac (471,585 SF)
Zoning code
I1
APN
362304-9005
UPID
US90-0200771
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
I1 · Kent, WAZoning I1 · permitted uses
I1 · Kent, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The I1 industrial business district consists of areas of high opportunity for the city in terms of employment, revenue, and placemaking
Zone name
Industrial Business
General category
INDUSTRIAL
Zone area
1,776.37 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$36.7M
OFFICE 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
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Stories
1
Buildings
2
Lot
10.83 ac
Current owner
From public records · entity-resolved
Hill Family II LLC
Entity
Mailing address
PO BOX 700, MERCER ISLAND, WA 98040-0700
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 26, 2002
$5,250,000
Hill Family II LLC
Tally Printer Corp
Grant Deed
$4,000,000 · Bank Of America
Dec 30, 1992
$7,270,000
Mannesmann Tally Corp
Mtk Real Estate
Grant Deed
—
Jul 26, 1989
$10,635
City Of Kent
Mannesmann
Grant Deed
—
—
—
Hill Family II LLC
—
Deed Of Trust
related
$6,180,000 · Nationwide 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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