Kent Industrial Facility For
For Sale
Contact for pricing
21019 77th Ave S, Kent, WA
29,374 SF industrial facility in Kent, Washington for sale.
Property Size29,374 SF
Lot Size1.61 Acres
Price / SF$246.82
Days on Market358
Property Features for 21019 77th Ave S
General Information
Standard status
Active
Size
29,374 SF
Lot size
1.61 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Colliers International WA, LLC
(206) 624-7400
Listed By:
Bill Condon · License #23314
(206) 624-7400
Source:
Moodyscre
Added: Aug 14, 2025
Changed: Jul 6
Last Checked: Jul 21 at 4:22AM
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 Colliers International WA, LLC
Investment Insights
Based on property information with market context.
An industrial facility encompassing approximately 29,374 square feet is available for acquisition in Kent, Washington. Constructed in 1990, the building includes approximately 3,860 square feet on the first floor, along with 4,284 square feet of mezzanine storage space. The property is situated on a 1.61-acre site and features six dock-high doors and one grade-level door. The building provides a clear height of 28 feet, and is equipped with 625 amps of 480 volt, 3-phase power, sprinklers, and T-5 lighting. There are 27 car parking stalls available, and the truck courts measure approximately 105 to 130 feet.
Key Highlights
- ±29,374 SF industrial facility
- Features 6 dock‑high doors and 1 grade‑level door
- Benefit from the 28' clear height
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$340,057
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.69%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,801,140
$6.8M
Cap Rate 7%
$4,857,957
$4.9M
Cap Rate 9%
$3,778,411
$3.8M
Market Conditions
NOI Build-Up for 29,374 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$426.5K $14.52/SF
− Vacancy
−$26.4K −$0.90/SF
EGI
$400.1K $13.62/SF
− OpEx
−$60.0K −$2.04/SF
NOI
$340.1K $11.58/SF
Area
Kent, WA
Vacancy
6.20%
Lease Rate
$14.52 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,801,140
Cap Rate 7%
$4,857,957
Cap Rate 9%
$3,778,411
Alternative Uses
Best Use
Warehouse
$4.86M
$4.25M – $5.67M
NOI $340,057 @ 7.0% cap · market cap 4.69%
Second Best
Industrial
$4.00M
$3.50M – $4.67M
NOI $280,047 @ 7.0% cap · market cap 3.86%
Theoretical Best
Office A
$11.01M
$9.63M – $12.84M
NOI $770,550 @ 7.0% cap · market cap 10.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
803
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Prologis Kent — Kent, WA 98032
- Seattle Boat Company - Kent — 7260 S 224th St, Kent, WA 98032
- Zep Warehouse — 21019 77th Ave S, Kent, WA 98032
- Mountain Moving & Storage — kent, wa 98032
- Zippy Shell of Greater Seattle — 21214 66th Ave S, Kent, WA 98032
Frequently Asked Questions
What type of property is this?
Warehouse - 29,374 SF industrial facility in Kent, Washington for sale.
Where is this warehouse located?
The property is located at 21019 77th Ave S Kent, WA.
What is the asking price?
The asking price for this property is $7,250,000.
What are key features of this property?
This property features: ±29,374 SF industrial facility; Features 6 dock‑high doors and 1 grade‑level door; Benefit from the **28' clear height**
