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Property profile & analytics
OFF-MARKET
Estimated value
$910,000
Grocery and convenience stores
8315 212th St, Kent, WA 98032-1928
Individually Owned
25-yr Hold
~
Est. High Equity
Property ID
US90-0212917
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,360 SF
Lot
0.69 ac (30,115 SF)
Zoning code
I1
APN
122204-9006
UPID
US90-0212917
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
-
Chevron Gas Station
-
EM ExtraMile Grocery & Convenience Store
-
Шеврон Кент Gas Station
-
Seattle Coffee Bean Co. Specialty Food Shop (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.12M
Comparable Approach
Comparable
$1.21M
Blend (final)
Blend
$910k
Owner & transaction history
Chong S Pak · 25 yrs held
Chong S Pak
since 2000
7 recorded transactions
Zoning & alternative use
I1 · Kent, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$600,000
+287.2%
Auto repair, garage
$600,000
+286.6%
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%
$1,205,000
6.5%
$1,115,000
7%
$1,035,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$600,000
Change: +287% · Conversion: Moderate
AUTO REPAIR, GARAGE
$600,000
Change: +287% · Conversion: Difficult
Blend value · Realmo final
$910k
Range $819k – $1.00M · ±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
$209 / 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
$21,230
Tax year 2022
Assessed value
$2,039,600
Assessed 2022
Previous assessed
$2,039,600
+0.0% YoY
Effective rate
1.04%
On assessed value
Assessed land
$737,800
Assessed improvement
$1,301,800
Land market value
$737,800
Improvement market value
$1,301,800
Total market value
$2,039,600
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Buildings
2
Stories
2
Total area
4,360 SF
Lot
0.69 ac (30,115 SF)
Zoning code
I1
APN
122204-9006
UPID
US90-0212917
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
I1 · Kent, WA
Zoning I1 · permitted uses
I1 · 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
OFFICE BUILDING
Est. value
$600,000
AUTO REPAIR, GARAGE
Est. value
$600,000
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
2
Buildings
2
Lot
0.69 ac
Current owner
From public records · entity-resolved
Chong S Pak
Individual
Mailing address
8315 S 212TH ST, KENT, WA 98032-1928
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2000
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 11, 2023
—
Chong S Pak
—
Deed
related
$1,110,000 · Royal Business Bank
May 31, 2016
—
Chong S Pak
—
Deed
related
$1,620,000 · Royal Business Bank
Nov 2, 2000
$2,235,000
Chong S Pak
Gartin,marc S & Robin T
Grant Deed
$1,815,000 · City Bank
Aug 16, 1995
$325,000
Gartin,mrc S & Robin T
Bp Exploration & Oil INC
Trustees Deed
—
Apr 15, 1992
$250,000
Bp Exploration & Oil INC
Exxon Corporatio
Grant Deed
—
—
—
Chong S Pak
—
Deed Of Trust
related
$300,000 · Song I Park
—
—
Chong Pak
—
Deed Of Trust
related
—
—
—
Marc S Gartin
—
Deed Of Trust
related
$450,000 · Chevron USA INC
—
—
Pak,chong S & Seungeun
—
Deed Of Trust
related
$150,000 · Maxim Com'l Cap
—
—
Cheng S Pak
—
Deed Of Trust
related
$300,000 · Keith Park
—
—
One5 Madison Foodmart INC
—
Deed Of Trust
related
$800,000 · Myung S Kim
—
—
Chong S Pak
—
Deed Of Trust
related
$82,510 · City Bank
—
—
Chong S Pak
—
Deed Of Trust
related
$335,000 · Centerbank
—
—
Chong S Pak
—
Deed Of Trust
related
$400,000 · Daniel & Jung H Yeo
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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