Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    21902 64th Ave S Kent, WA 98032

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Specialty property available for lease in Kent, Washington.

    Type:Industrial
    Property size:
    402,760 SF
    Added:
    Jan 26, 2026
    Days on Market:
    102
    Last Refresh:
    Dec 2 at 2:46 am

    Property Features for 21902 64th Ave S

    General Information

    Standard status
    Active
    Size
    402,760 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    1989

    Spaces For Lease

    at 21902 64th Ave S Contact us

    We can help!

    Listing Contact
    Brian Bruininks
    Brian Bruininks

    Listing agent Brian Bruininks License #24568

    Listing office The Andover Company, Inc.

    Listing date Jan 26, 2026

    Source Corfac

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

    All listing content including descriptions, pricing, images are the copyrighted material of The Andover Company, Inc.

    HighLights

    • Direct Lease
    • Year Built: 1989

    Overview

    Kent Specialty Property for Lease

    This specialty property, encompassing 402,760 square feet, is available for direct lease. The property is located in Kent, Washington.
    Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

    Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Real Estate Agency Auto Repair Shop Nail Salon Hotel & Motel Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Kent
    County
    King
    State
    Washington
    Longitude
    -122.254
    Latitude
    47.406

    Nearby Similar for Lease

    • Contact for pricing

      Kent WA Professional Office Space

      Professional office spaces available for lease in Kent, Washington.
      1851 Central Pl S, Kent, WA 98030
      View Details
    • Contact for pricing

      Kent East Hill Office Space

      Office suite for lease with finished offices and reception.
      24604 104th Ave SE, Kent, WA 98030
      View Details
    • Contact for pricing

      Downtown Kent Retail/Office Space

      Flexible retail and office spaces in revitalizing downtown Kent.
      213 - 235 1st Ave S, Kent, WA 98032
      View Details
    • Contact for pricing

      Kent East Hill Office Space

      Office space for lease with great exposure and ample parking.
      24604 104th Ave SE, Kent, WA 98030
      View Details
    • Contact for pricing

      Kent Medical/Dental Office Space

      Medical/Dental office space in Kent with easy highway access.
      27115 Military Rd 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

      Kent Retail/Office Space Available

      Prime Kent location with flexible retail or office space.
      24860 Pacific Hwy S, Kent, WA 98032
      View Details
    • Contact for pricing

      Kent Valley Flex Space Available

      Flex spaces available in Kent Valley with office and warehouse.
      22405 - 22431 72nd Ave S, Kent, WA 98032
      View Details
    • $20 SF/Yr

      Kent Retail Space For Lease

      Retail space for lease in Kent, restaurant use possible.
      21022 108th Ave SE, Kent, WA 98031
      View Details
    • $36 SF/Yr

      Kent Commercial Suites For Lease

      Newly constructed commercial suites perfect for retail, office, and more.
      12828 SE 272nd St, Kent, WA
      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
    • $15 SF/Yr

      Kent WA Professional Office Space

      Professional office suites available for lease in Kent, Washington.
      1851 Central Pl S, Kent, WA 98030
      View Details

    FAQs

    What type of property is this?
    Specialty property - Specialty property available for lease in Kent, Washington.
    Where is this specialty property located?
    The property is located at 21902 64th Ave S Kent, WA.
    What are key features of this property?
    This property features: Direct Lease; Year Built: 1989
    (206) 856-6249
    We can help!
    Listing Contact
    Brian Bruininks
    Brian Bruininks
    Real Estate License ID: 24568
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    21902 64th Ave S, Kent, WA 98032
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!