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    214-224 W Meeker St Kent, WA 98032

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    For Sale
    $2,650,000

    16,756 SF mixed-use building with retail and apartments.

    Property size:
    16,756 SF
    Lot size:
    0.19 Acres

    Property Features for 214-224 W Meeker St

    General Information

    Size
    16,756 SF
    Lot size
    0.19 Acres

    Source: NAI Puget Sound Properties Agent Kyle Sterling

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

    Overview

    Mixed-Use Building Near Kent Station

    This 16,756 square foot mixed-use building is located near Kent Station. The property features five ground-floor retail spaces with 12 apartments located above. The building is 92% occupied. The current capitalization rate is 8.82%, with a stabilized capitalization rate of 9.68%.
    Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Kent
    County
    King
    State
    Washington
    Longitude
    -122.231953
    Latitude
    47.3815045

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    FAQs

    What type of property is this?
    Mixed-use property - 16,756 SF mixed-use building with retail and apartments.
    Where is this mixed-use property located?
    The property is located at 214-224 W Meeker St Kent, WA.
    What is the asking price?
    The asking price for this property is $2,650,000.
    What are key features of this property?
    This property features: - High Stabilized Cap Rate: 9.68%; - 92% Occupancy Rate; - Mixed-Use Building: 5 Ground-Floor Retail Units and 12 Apartments
    (425) 586-5608
    Request Owner's contact information
    214-224 W Meeker St Kent, WA 98032
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    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
    214-224 W Meeker St Kent, WA 98032
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