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Property profile & analytics
OFF-MARKET
Office buildings
8605 218th St, Kent, WA 98031-1948
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-0160941
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1969
Construction
WOOD
Total area
1,334 SF
Lot
0.51 ac (22,168 SF)
Zoning code
I2
APN
775780-0120
UPID
US90-0160941
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
-
Fresh Family LLC General Contractor
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
Carpinito 218th LLC · 4 yrs held
Carpinito 218th LLC
since 2022
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
$5,820
Tax year 2022
Assessed value
$543,500
Assessed 2022
Previous assessed
$543,500
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$467,700
Assessed improvement
$75,800
Land market value
$467,700
Improvement market value
$75,800
Total market value
$543,500
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1969
Construction
WOOD
Heating
FORCED AIR
Stories
1
Total area
1,334 SF
Lot
0.51 ac (22,168 SF)
Zoning code
I2
APN
775780-0120
UPID
US90-0160941
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
1969
Construction
WOOD
Heating
FORCED AIR
Stories
1
Lot
0.51 ac
Current owner
From public records · entity-resolved
Carpinito 218th LLC
Entity
Mailing address
1148 CENTRAL AVE N, KENT, WA 98032-3044
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 18, 2022
—
Carpinito 218th LLC
Carpinito Commercial LLC
Special Warranty Deed
—
Oct 29, 2014
$4,500,000
Carpinito Commercial LLC
2310 Investments LLC
Grant Deed
$3,200,000 · 2310 Investments LLC
Mar 5, 2012
$210,000
2310 Investments LLC
Pentacom LLC
Warranty Deed
—
Jul 30, 1999
$245,000
Pentacom LLC
Evergren Hill Partnership
Grant Deed
$183,750 · Seafirst Bank
Dec 1, 1998
$173,689
Evergreen Hill Partnership
Evergreen Svc Corp
Quit Claim Deed
related
—
Nov 15, 1995
—
Kent City
Evergreen Services Corp
Quit Claim Deed
related
—
Nov 1, 1995
$135,000
Evergreen Services Corp
Evergreen Hill Partnership
Quit Claim Deed
related
$108,000 · Seller
Sep 30, 1988
$115,000
Hill Ptrshp Evergreen
Bell,steven J&ca
Grant Deed
$85,100 · Seattle-first National Bank
—
—
Pentacom LLC
—
Deed Of Trust
related
$26,250 · Bank Of America
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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