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Property profile & analytics
OFF-MARKET
Estimated value
$5,435,000
Warehouses
8825 228th St Kent, WA 98031-2437
Entity Owned
1-yr Hold
Free & Clear
Property ID
US90-2168217
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2005
Construction
STEEL FRAME
Total area
14,049 SF
Lot
0.34 ac (15,000 SF)
Zoning code
I1
APN
182205-9266
UPID
US90-2168217
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
-
7GEN Components Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.59M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.44M
Owner & transaction history
Cat Investments LLC · 1 yrs held
Cat Investments LLC
since 2024
Last sale
$5.3M
3 recorded transactions
Zoning & alternative use
I1 · Kent, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.5M
+105.0%
Auto repair, garage
$6.5M
+77.5%
Medical building
$5.6M
+52.7%
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
$5,655,000
ML approach
$5,585,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,635,000
Current use
RESTAURANT
$7,455,000
Change: +105% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,450,000
Change: +77% · Conversion: Easy
MEDICAL BUILDING
$5,550,000
Change: +53% · Conversion: Difficult
RETAIL STORES
$5,510,000
Change: +52% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$5,360,000
Change: +47% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$4,870,000
Change: +34% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,855,000
Change: +34% · Conversion: Difficult
Blend value · Realmo final
$5.44M
Range $4.89M – $5.98M · ±10% · vs last sale $5.25M (May 26 2021)
Last sale anchor
$5.25M
May 26 2021
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
$387 / 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
$24,305
Tax year 2022
Assessed value
$2,250,000
Assessed 2022
Previous assessed
$2,250,000
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$221,200
Assessed improvement
$2,028,800
Land market value
$221,200
Improvement market value
$2,028,800
Total market value
$2,250,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2005
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
14,049 SF
Lot
0.34 ac (15,000 SF)
Zoning code
I1
APN
182205-9266
UPID
US90-2168217
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
WAREHOUSE, STORAGE Current
Est. value
$3.6M
RESTAURANT
Est. value
$7.5M
AUTO REPAIR, GARAGE
Est. value
$6.5M
MEDICAL BUILDING
Est. value
$5.6M
RETAIL STORES
Est. value
$5.5M
INDUSTRIAL (GENERAL)
Est. value
$5.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.9M
COMMERCIAL (GENERAL)
Est. value
$4.9M
WAREHOUSE, STORAGE Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
INDUSTRIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
2005
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
Cat Investments LLC
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX 3226, EVERETT, WA 98213-8226
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2024
$3,200,000
Cat Investments LLC
8825 LLC
Trustees Deed
related
—
May 26, 2021
$5,250,000
8825 LLC
Terry LLC
Warranty Deed
$3,675,000 · Washington Savings Bank
Apr 25, 2005
$450,000
Terry LLC
Mckevitt,daniel T & Mary L
Warranty Deed
—
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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