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Property profile & analytics
OFF-MARKET
Estimated value
$7,825,000
Distribution centers
8621 180th St Kent, WA 98032-1027
Entity Owned
31-yr Hold
~
Est. High Equity
Property ID
US90-1481612
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
75,292 SF
Lot
7.47 ac (325,349 SF)
Zoning code
I1
APN
312305-9121
UPID
US90-1481612
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
-
Associated Energy Systems Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.83M
Owner & transaction history
Knudson Investments LLC · 31 yrs held
Knudson Investments LLC
since 1995
7 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$104 / 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
$113,387
Tax year 2022
Assessed value
$10,666,900
Assessed 2022
Previous assessed
$10,666,900
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$6,695,600
Assessed improvement
$3,971,300
Land market value
$6,695,600
Improvement market value
$3,971,300
Total market value
$10,666,900
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
75,292 SF
Lot
7.47 ac (325,349 SF)
Zoning code
I1
APN
312305-9121
UPID
US90-1481612
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
Building & site characteristics
From public records
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
7.47 ac
Current owner
From public records · entity-resolved
Knudson Investments LLC
Entity
Mailing address
PO BOX 60196, RENTON, WA 98058-3196
Ownership since
1995
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 23, 2025
—
Knudson Investments LLC
—
Deed
related
$625,000 · Homestreet Bank
Sep 27, 2019
—
Knudson Investments LLC
—
Deed
related
$7,851,000 · Homestreet Bank
May 30, 2017
—
Knudson Investments LLC
—
Deed
related
$1,289,500 · Homestreet Bank
Jun 21, 2000
—
Knudson Investments LLC
—
Deed Of Trust
related
$2,790,000 · Key Bank NA
Feb 6, 1995
$2,900,000
Knudson Investments LLC
Mazda Motor Of America INC
Grant Deed
$1,950,000 · Standard Insurance Co
—
—
Knudson Investments LLC
—
Deed Of Trust
related
$750,000 · Evergreen Community Dev Assn
—
—
Knudson Investments LLC
—
Deed Of Trust
related
$2,790,000 · Key Bank NA
—
—
Knudson Investments LLC
—
Deed Of Trust
related
$1,799,078 · Key Bank NA
—
—
Knudson Investments LLC
—
Deed Of Trust
related
$893,749 · Key Bank NA
—
—
Knudson Investments LLC
—
Deed Of Trust
related
$4,000,000 · Key Bank NA
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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