Add Listing
    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

    6838-7024 S 234Th St Kent, WA 98032

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    20,000 SF fenced, insulated warehouse with 30' clear height.

    Property size:
    20,000 SF
    Lot size:
    15.20 Acres

    Property Features for 6838-7024 S 234Th St

    General Information

    Size
    20,000 SF
    Lot size
    15.20 Acres

    We can help!

    Listing Contact
    Luke Jarvis
    Luke Jarvis
    Source: Moodyscre

    Listing Agent: Luke Jarvis

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

    Learn more

    Overview

    Secured Warehouse Space Available Now

    This property offers 20,000 square feet of fenced and secured warehouse space. It features two dock-high doors and a clear height of 30 feet. The warehouse is fully insulated, allowing for temperature control, and is equipped with LED lighting. The sublease expires on October 31, 2026, and the space is available now. The sublease rate is $0.75 gross, including NNN.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Auto Repair Shop Big Box & Wholesale Store Hair Salon Nail Salon

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

    Similar Places Nearby

    Safeguard Self Storage Kent, Seattle Boat Company - Kent, Public Storage

    Location Insight

    • Map
    • Local Demand
    City
    Kent
    County
    King
    State
    Washington
    Longitude
    -122.2478331
    Latitude
    47.3933087

    Nearby Similar for Lease

    • Contact for pricing

      Versatile Kent Flex/Industrial Space

      Adaptable space suitable for office, light industrial, or mixed-use applications.
      22620 88Th Ave S, Kent, WA 98031
      View Details
    • Contact for pricing

      Turnkey Medical Office Space Available

      Move-in ready medical space in Kent, Des Moines, and Federal Way.
      26136 Pacific Hwy S, Kent, WA 98032
      View Details
    • Contact for pricing

      Kent Commercial Property for Lease

      Meticulously maintained commercial property with modern amenities and flexible floor plans.
      8021 S 222Nd St, Kent, WA 98032
      View Details
    • $15 SF/Yr

      Kent WA Professional Office Space

      Professional office spaces available for lease in Kent, Washington.
      1851 Central Pl S, Kent, WA 98030
      View Details
    • $27 SF/Yr

      Kent Medical/Dental Office Space

      Medical/Dental office space in Kent with easy highway access.
      27115 Military Rd S, Kent, WA 98032
      View Details
    • $2,150 /Mo

      Kent East Hill Office Space

      Office suite for lease with finished offices and reception.
      24604 104Th Ave SE, Kent, WA 98030
      View Details
    • $12 SF/Yr

      Downtown Kent Retail/Office Space

      Flexible retail and office spaces in revitalizing downtown Kent.
      213 1St Ave S, Kent, WA 98032
      View Details
    • $17 SF/Yr

      Southcenter Area Office Building

      Class B office building with excellent access and amenities.
      18000 72Nd Ave S, Kent, WA 98032
      View Details
    • Contact for pricing

      Turnkey Medical Office Space Available

      Move-in-ready medical space in a prime location.
      26136 Pacific Hwy S, Kent, WA 98032
      View Details
    • Contact for pricing

      Kent Valley Industrial Warehouse Space

      228,300 SF warehouse in Kent Valley, available 1Q 2026.
      20401 84Th Ave S, Kent, WA 98032
      View Details
    • $2,150 /Mo

      Kent East Hill Office Space

      Office space for lease with great exposure and ample parking.
      24604 104Th Ave SE, Kent, WA 98030
      View Details
    • $36 SF/Yr
      1,286 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

    FAQs

    What type of property is this?
    Warehouse - 20,000 SF fenced, insulated warehouse with 30' clear height.
    Where is this warehouse located?
    The property is located at 6838-7024 S 234Th St Kent, WA.
    What are key features of this property?
    This property features: - 20,000 SF fenced secured space; - Sublease Rate: $0.75 Gross (including NNN); - 30' clear height
    (425) 586-5600 Call to check price and availability
    Request Owner's contact information
    6838-7024 S 234Th St 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.
    6838-7024 S 234Th St
    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
    6838-7024 S 234Th St 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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Luke Jarvis
    Luke Jarvis
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!