Kent Stand-Alone Building For
For Sale
Contact for pricing
22645 76th Ave S, Kent, WA 98032
Stand-alone building suitable for manufacturing and distribution with income potential.
Property Size22,224 SF
Price / SF$229.48
Days on Market330
Property Features for 22645 76th Ave S
General Information
Standard status
Active
Size
22,224 SF
Property subtype
Industrial
Building Details
Year Built
1981
Year Renovated
2015
Buildings
1
Listing Agency:
Kidder Mathews
Listed By:
Kraig Heeter · License #WA 873006752
(206) 248-7313
Source:
Crexi
Added: Nov 10, 2025
Changed: Sep 29
Last Checked: Oct 5 at 6:13PM
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 Kidder Mathews
Investment Insights
Based on property information with market context.
This stand-alone building is located in Kent, near SR-167, with proximity to I-5, I-405, and SR-18. The property is suitable for manufacturing and distribution uses. It features 1,200 amps of power. The building is situated on a hard corner, offering identity and location for an owner/user. The property has a size of 22,224 square feet. An owner/user can occupy approximately 2/3 of the building while receiving income from the remaining portion of the building, as the seller is willing to lease back for 3 to 5 years.
Key Highlights
- Stand‑alone building ideal for Owner/User: Occupy 2/3 of the building and receive income from the remaining portion (Seller leaseback).
- Excellent location near SR‑167 with close proximity to I‑5, I‑405 & SR‑18.
- High power capacity: 1,200 amps.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$211,880
Cap Rate
4.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,237,600
$4.2M
Cap Rate 7%
$3,026,857
$3.0M
Cap Rate 9%
$2,354,222
$2.4M
Market Conditions
NOI Build-Up for 22,224 SF
Gross rent
$322.7K $14.52/SF
− Vacancy
−$20.0K −$0.90/SF
EGI
$302.7K $13.62/SF
− OpEx
−$90.8K −$4.09/SF
NOI
$211.9K $9.53/SF
Area
Kent, WA
Vacancy
6.20%
Lease Rate
$14.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,237,600
Cap Rate 7%
$3,026,857
Cap Rate 9%
$2,354,222
Alternative Uses
Best Use
Industrial
$3.03M
$2.65M – $3.53M
NOI $211,880 @ 7.0% cap · market cap 4.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.33M
$7.29M – $9.72M
NOI $582,989 @ 7.0% cap · market cap 11.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
693
Businesses Nearby
Explore this area
Business Placement
Demographics for 98032, WA
38,744
Population
15,639
Households
2.5
Avg Household Size
35
Median Age
28%
College-Educated
84%
High-School Grad
17.0 sq mi
ZIP Area
2,279
Density / Sq Mi
$77,413
Median Household Income
$46,105
Median Earnings
$1,782
Median Rent
$473,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - Stand-alone building suitable for manufacturing and distribution with income potential.
Where is this industrial property located?
The property is located at 22645 76th Ave S Kent, WA.
What is the asking price?
The asking price for this property is $5,100,000.
What are key features of this property?
This property features: Stand‑alone building ideal for Owner/User: Occupy 2/3 of the building and receive income from the remaining portion (Seller leaseback).; Excellent location near SR‑167 with close proximity to I‑5, I‑405 & SR‑18.; High power capacity: 1,200 amps.
