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Property profile & analytics
FOR SALE
Office buildings
941 Powell Ave Southwest Renton, WA 98057
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-1034026
For Sale
1 / 6
$2,950,000
941 Powell Ave Southwest, Renton, WA 98057
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,882 SF
Lot
0.96 ac (41,853 SF)
Zoning code
IM
APN
918800-0071
UPID
US90-1034026
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.47M
CAP Approach
CAP
$2.85M
Comparable Approach
Comparable
$2.35M
Blend (final)
Blend
$2.52M
Owner & transaction history
Lobo Da Terra LLC · 2 yrs held
Lobo Da Terra LLC
since 2023
Last sale
$2.7M
4 recorded transactions
Zoning & alternative use
IM · Renton, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.1M
+70.4%
Retail stores
$4.0M
+66.1%
Apartment house (5+ units)
$3.5M
+46.9%
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 Renton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Renton 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
$2,460,000
ML approach
$2,470,000
CAP Approach
CAP Return
Estimation
6%
$3,085,000
6.5%
$2,845,000
7%
$2,645,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,385,000
Current use
AUTO REPAIR, GARAGE
$4,065,000
Change: +70% · Conversion: Difficult
RETAIL STORES
$3,965,000
Change: +66% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$3,505,000
Change: +47% · Conversion: Easy
MEDICAL BUILDING
$3,400,000
Change: +42% · Conversion: Easy
WAREHOUSE, STORAGE
$2,920,000
Change: +22% · Conversion: Difficult
Blend value · Realmo final
$2.52M
Range $2.26M – $2.77M · ±10% · vs last sale $2.65M (Jul 31 2023)
Last sale anchor
$2.65M
Jul 31 2023
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
$255 / 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
$19,653
Tax year 2022
Assessed value
$1,965,900
Assessed 2022
Previous assessed
$1,965,900
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$910,300
Assessed improvement
$1,055,600
Land market value
$910,300
Improvement market value
$1,055,600
Total market value
$1,965,900
Applied tax rate
2,100.0000
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
For Sale
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Total area
9,882 SF
Lot
0.96 ac (41,853 SF)
Zoning code
IM
APN
918800-0071
UPID
US90-1034026
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
IM · Renton, WA
Zoning IM · permitted uses
IM · Renton, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Renton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$4.1M
RETAIL STORES
Est. value
$4.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.5M
MEDICAL BUILDING
Est. value
$3.4M
WAREHOUSE, STORAGE
Est. value
$2.9M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Lot
0.96 ac
Current owner
From public records · entity-resolved
Lobo Da Terra LLC
Entity
Mailing address
7610 N STEMMONS FWY #555, DALLAS, TX 75247-4231
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2023
$2,650,000
Lobo Da Terra LLC
Maschmedt Properties LLC
Warranty Deed
$2,120,000 · B1bank
Feb 2, 2023
$750,000
Maschmedt Properties LLC
Robert H Maschmedt
Bargain And Sale Deed
—
Apr 30, 2007
$1,520,000
Maschmedt Properties LLC
Wtctpi LLC
Grant Deed
$1,000,000 · Bank Of America
—
—
Maschmedt Properties LLC
—
Deed Of Trust
related
$190,000 · 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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