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Property profile & analytics
OFF-MARKET
Estimated value
$11,110,000
Industrial properties
8602 222nd St, Kent, WA 98031-1935
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1160013
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
11,760 SF
Lot
3.68 ac (160,313 SF)
Zoning code
I2
APN
775780-0130
UPID
US90-1160013
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
-
Progressive Roofing Roofing Company General Contractor
-
NW Water Remediation Carpet Cleaning Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.11M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.10M
Blend (final)
Blend
$11.11M
Owner & transaction history
Schnitzer Properties Realty LLC Ser · 1 yrs held
Schnitzer Properties Realty LLC Ser
since 2024
Last sale
$11.1M
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
Method
Estimation
Statistic approach
$11,110,000
ML approach
$11,110,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$11.11M
Range $10.00M – $12.22M · ±10% · vs last sale $11.11M (Sep 18 2024)
Last sale anchor
$11.11M
Sep 18 2024
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
$945 / 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
$102,849
Tax year 2024
Assessed value
$8,446,000
Assessed 2023
Previous assessed
$8,446,000
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$3,727,200
Assessed improvement
$4,718,800
Land market value
$3,727,200
Improvement market value
$4,718,800
Total market value
$8,446,000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Buildings
4
Stories
1
Total area
11,760 SF
Lot
3.68 ac (160,313 SF)
Zoning code
I2
APN
775780-0130
UPID
US90-1160013
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
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Buildings
4
Lot
3.68 ac
Current owner
From public records · entity-resolved
Schnitzer Properties Realty LLC Ser
Entity
Mailing address
1121 SW SALMON ST STE #500, PORTLAND, OR 97205-2022
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 18, 2024
$11,112,000
Schnitzer Properties Realty LLC Ser
Realty Associates Fund Xii Portfoli
Bargain And Sale Deed
$250,000 · Zb NA
Dec 3, 2020
$8,200,000
Realty Assocs Fund Xii Portfol
Icbp IV Holdings 9 LLC
Grant Deed
—
Sep 15, 2017
—
Icbp IV Holdings 9 LLC
—
Deed
related
$2,760,000 · Jpmorgan Chase Bank NA
Jun 23, 2017
$4,599,900
Icbp IV Holdings 9 LLC
8602 Industrial Park LLC
Warranty Deed
—
Jun 23, 2014
$3,100,000
8602 Industrial Park LLC
Anderson-richardson Ptshp
Warranty Deed
$1,750,000 · Anderson-richardson LLC
Jun 2, 1989
$320,600
Anderson-richardon,prtnrshp
Anderson,earl R&
Quit Claim Deed
related
—
—
—
Anderson-richardson Ptshp
—
Deed Of Trust
related
$1,330,000 · National Mortgage Co
—
—
Anderson-richardson Ptshp
—
Deed Of Trust
related
$600,000 · 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.
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