21224 84th Avenue S Kent, WA 98032
Other - Kent, WA
Property Features for 21224 84th Avenue S
General Information
- Property type
- Other
- Property subtype
- Business
- Standard status
- Active
- APN
- 0722059101
Utilities
- Heating system
- None (Heating)
Building Details
- Architectural style
- Other
Listing agent Robert Laing (206) 623-9697
Listing office Engel & Völkers Seattle Downtown 1208 4th Avenue, Seattle, WA (206) 623-9697
Listing date Apr 17, 2026
Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The sale is an asset sale only and includes assignment of the existing lease with approximately 2.5+ years remaining in the current term and a renewal option. The lease assignment is subject to landlord approval. Trade name, recipes, and intellectual property are not included.
Shown by appointment only; do not disturb staff.
Key Highlights
- Fully built‑out 1,125 SF restaurant space with existing lease assignment (2.5+ years remaining).
- Substantial commercial kitchen infrastructure: Type I hood, walk‑in cooler/freezer, grease trap, tankless water heater.
- Includes essential asset package: 6‑burner range, commercial microwaves/ovens, POS and security systems.
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $16.3k | $14.52 |
| − Vacancy | −$1.0k | −$0.90 |
| EGI | $15.3k | $13.62 |
| − OpEx | −$4.6k | −$4.09 |
| NOI | $10.7k | $9.53 |