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Leased Restaurant with Built-In Kitchen

21224 84th Avenue S Kent, WA 98032

21224 84th Avenue S, Kent, WA, 98032
$150,000
For Sale
Claim this Listing
$150,000

Other - Kent, WA

Property Size1,125 SF
Price / SF$133.33
AddedApr 17
Days on Market91
Last RefreshJul 16 at 12:06 pm

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

Listing office Engel & Völkers Seattle Downtown 1208 4th Avenue, Seattle, WA

Listing date Apr 17, 2026

MLS# 2486661 Listing URL

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.

This fully built-out restaurant opportunity offers a leased space designed for food preparation and service. The commercial kitchen includes a Type I hood system with fire suppression, walk-in cooler and freezer, grease trap, and a tankless gas water heater, along with substantial gas and electrical capacity. The included equipment package features a 6-burner gas range with oven, multiple commercial microwaves, commercial convection ovens, an air compressor, and operational systems including a POS system and security system. An efficient layout supports dine-in configuration and high-volume production.

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
1,125 SF · lease $14.52/SF/yr · vacancy 6.20% · expense 30.00%

Alternative Uses

Best Use
Specialty Retail
$266.6K
$233.3K – $311.0K (±1% cap)
NOI $18,662 @ 7.0% cap · market cap 12.44%
Second Best
Industrial
$153.2K
$134.1K – $178.8K (±1% cap)
NOI $10,726 @ 7.0% cap · market cap 7.15%
Theoretical Best
Office A
$421.6K
$368.9K – $491.9K (±1% cap)
NOI $29,511 @ 7.0% cap · market cap 19.67%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Paparepas Venezuelan Food Restaurant

Suggested Use

Dental Office (Bike/Boat/Book/etc) Store Skin Care Clinic Parking Lot & Garage (Bike/Boat/Book/etc) Store Pet Grooming Service Pharmacy Hair Salon Garden Center Pet Store

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

FAQs

What type of property is this?
Conventional restaurant - Fully built-out restaurant space includes a Type I hood system, walk-ins, grease trap, and substantial gas and electrical capacity.
Where is this conventional restaurant located?
The property is located at 21224 84th Avenue S Kent, WA.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: 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.
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