Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    19115 68Th Ave S Kent, WA 98032

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $2 SF/Yr

    High-quality business park with flexible floor plans and expansion options.

    Property size:
    1,418 SF
    Lot size:
    12.08 Acres

    Property Features for 19115 68Th Ave S

    General Information

    Size
    1,418 SF
    Lot size
    12.08 Acres

    We can help!

    Listing Contact
    John Brussa
    John Brussa
    Source: Moodyscre

    Listing Agent: John Brussa

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

    Learn more

    Overview

    Kent Flex Space For Rent

    This high-quality business park comprises 19 buildings and accommodates over 140 tenants, providing businesses with flexibility in growth and configuration options. The property offers excellent visibility off Hwy-181 and quick access to major area highways. Ownership is investing in significant capital improvements and will allow tenants to expand during their initial lease term with a myriad of options. Flexible floor plan options are available. The park is currently offering outside broker commissions. The available space is 1,418 square feet.
    Location Intelligence

    Current Use by Public Records

    Kent Appliance Mending Appliance Repair Service Westmark Labels & Marking Custom Label Printer Chimney and Fireplace Solutions Chimney Services Gwen’s Guidance Life Coach Pro Painters of Kent Painter

    Suggested Use

    Restaurant Dental Office Hotel & Motel Gym & Fitness Bar & Pub Nail Salon Spa & Massage Pharmacy Clothing Store Hair Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Kent
    County
    King
    State
    Washington
    Longitude
    -122.2499828
    Latitude
    47.4298889

    Nearby Similar for Lease

    • Contact for pricing
      228,300 SF

      Kent Valley Industrial Warehouse Space

      228,300 SF warehouse space in Kent Valley available 1Q 2026.
      20401 84Th Ave S, Kent, WA 98032
      View Details
    • $36 SF/Yr
      2,064 SF

      Kent Commercial Suites For Lease

      Newly constructed commercial suites perfect for retail, office, and more.
      12828 SE 272Nd St, Kent, WA 98042
      View Details
    • Contact for pricing
      11,834 SF

      Kent Retail Building with Drive-Thru

      Freestanding 11,834 SF building in Kent's East Hill neighborhood.
      10407 SE 256Th St, Kent, WA 98030
      View Details
    • Contact for pricing
      30,375 SF

      New Industrial Building in Kent

      New industrial building in Kent, WA, available early 4Q 2025.
      8325 South 218Th St, Kent, WA 98032
      View Details
    • Contact for pricing
      228,300 SF

      Kent Warehouse Space Available

      228,300 SF warehouse space in Kent available 1Q 2026.
      20401-20421 84Th Ave S, Kent, WA 98032
      View Details
    • Contact for pricing
      3,212 SF

      Turnkey Medical Office Space Available

      Move-in-ready medical space in a prime location.
      26136 Pacific Hwy S, Kent, WA 98032
      View Details
    • $2 SF/Yr
      505 SF

      Kent Office Space For Rent

      High-quality business park with flexible floor plans and growth options.
      6617 S 193Rd St, Kent, WA 98032
      View Details
    • Contact for pricing
      1,225 SF

      Kent Flex Space Available

      Flexible industrial and flex space in a high-quality business park.
      6624 S 190Th St, Kent, WA 98032
      View Details
    • $0.83 SF/Yr
      24,000 SF

      Kent Industrial Building with Yard

      Industrial building with gated yard, convenient highway access.
      1217 4Th Ave N, Kent, WA 98032
      View Details
    • Contact for pricing
      22,470 SF

      Panther Lake Shopping Center Lease

      Kent Retail Space - High Traffic Area
      20600 108Th Ave, Kent, WA 98031
      View Details
    • $22 SF/Yr
      44,550 SF

      Kent Valley Office Complex

      Prime Kent location, 44,550 sqft, 2,424 sqft available
      24437 Russell Rd, Kent, WA 98032
      View Details
    • Contact for pricing
      82,960 SF

      Langston Landing Retail Spaces

      Kent, WA Retail Center: High-traffic location.
      210-406 Washington Ave, Kent, WA 98032
      View Details

    FAQs

    What type of property is this?
    Industrial property - High-quality business park with flexible floor plans and expansion options.
    Where is this industrial property located?
    The property is located at 19115 68Th Ave S Kent, WA.
    What is the lease rate?
    The lease rate is $2 SF/Yr.
    What are key features of this property?
    This property features: - Excellent visibility off of Hwy-181; - Quick access to major area highways; - Extensive improvements underway
    (425) 891-1424
    Request Owner's contact information
    19115 68Th Ave S Kent, WA 98032
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    19115 68Th Ave S
    Kent, WA 98032
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    19115 68Th Ave S Kent, WA 98032
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    John Brussa
    John Brussa
    (425) 891-1424
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.