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

    10415 SE 240Th St Kent, WA 98031

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $22 SF/Yr ($3,061 /Mo)

    End-cap retail space with high visibility and easy access.

    Property size:
    1,670 SF
    Lot size:
    0.95 Acres

    Property Features for 10415 SE 240Th St

    General Information

    Size
    1,670 SF
    Lot size
    0.95 Acres

    We can help!

    Listing Contact
    Rick Parks
    Rick Parks
    Source: Moodyscre

    Listing Agent: Rick Parks

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

    Learn more

    Property Insight Report

    Overview

    Retail Space with Ample Parking

    This retail space, an end cap with glass on two sides, offers 1,670 square feet of area. The property provides ample parking and ease of access. It is located near O'Reilly's, Value Village, Planet Fitness, IHOP and MexiDrive. The space can be combined with an adjacent 1,463 square feet to create a larger space of 3,114 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Curry and Kabab Indian Restaurant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Kent
    County
    King
    State
    Washington
    Longitude
    -122.2013018
    Latitude
    47.3867343

    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

      Kent Adaptable Business Space

      Versatile Kent property suitable for office, manufacturing, or distribution.
      7828 S 200Th St, Kent, WA 98032
      View Details
    • Contact for pricing

      Kent Industrial Space For Lease

      Prime industrial space with modern amenities and excellent loading facilities.
      7811-7915 S 188Th St, 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
    • 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

    FAQs

    What type of property is this?
    Retail space - End-cap retail space with high visibility and easy access.
    Where is this retail space located?
    The property is located at 10415 SE 240Th St Kent, WA.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: - High visibility location.; - End cap unit with glass on two sides.; - Ample parking and easy access.
    (206) 985-0107
    Request Owner's contact information
    10415 SE 240Th St Kent, WA 98031
    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.
    10415 SE 240Th St
    Kent, WA 98031
    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
    10415 SE 240Th St Kent, WA 98031
    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
    Rick Parks
    Rick Parks
    (206) 985-0107
    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.