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    213-235 1St Ave S Kent, WA 98032

    For Sale
    $3,500,000

    Mixed-use building with commercial suites and residential units for sale.

    Lot size:
    0.37 Acres

    Property Features for 213-235 1St Ave S

    General Information

    Lot size
    0.37 Acres

    Source: NAI Puget Sound Properties Agent Sam Johnson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    26,536 SF Mixed-Use Building

    This 26,536 square-foot building features a mix of commercial and residential spaces. It includes 9 ground-floor commercial suites and 18 residential units on the second floor. The property offers immediate income upside and has undergone recent capital improvements. The property has a 7.87% CAP Rate.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Plaza luna, From college store, Coinstar Kiosk | Bitcoin ATM, Gnodtico, Washington Square

    Location Insight

    • Map
    • Local Demand
    City
    Kent
    County
    King
    State
    Washington
    Longitude
    -122.2338763
    Latitude
    47.3804836

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    FAQs

    What type of property is this?
    Shopping center - Mixed-use building with commercial suites and residential units for sale.
    Where is this shopping center located?
    The property is located at 213-235 1St Ave S Kent, WA.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: - 7.87% CAP Rate; - Immediate income upside; - 26,536 SF building
    (425) 586-5620
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    213-235 1St Ave S Kent, WA 98032
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    213-235 1St Ave S Kent, WA 98032
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