Retail Corridor Retail
For Sale
Contact for pricing
24202 104th Ave SE, Kent, WA 98030
Retail space in Kent with two ingress and egress points along 104th Ave and visibility at high-traffic intersections.
Property Size11,700 SF
Price / SF$337.73
Days on Market192
Property Features for 24202 104th Ave SE
General Information
Standard status
Active
Size
11,700 SF
Property subtype
Retail
Zoning
CC
Occupancy
100%
Lease Type
NNN
Investment Type
Stabilized
Net Operating Income
$266,960
Additional Details
Traffic Count
30,000 vehicles/day
Building Details
Year Built
1990
Tenancy
Multi
Listing Agency:
Kidder Matthews
Listed By:
Kyle Graff · License #WA 131660
(425) 290-2247
Source:
Crexi
Added: Apr 11
Changed: Oct 12
Last Checked: Oct 19 at 4:42AM
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 Matthews
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Investment Insights
Based on property information with market context.
This for-sale retail property is positioned within a centrally located retail corridor in Kent’s East Hill neighborhood. The offering includes two convenient ingress and egress locations along 104th Ave, designed to support straightforward customer access from the street.
The property benefits from strong intersection visibility at 104th and 240th in Kent, with the remarks citing 30,000+ vehicles per day. It is described as being near major employment hubs including Seattle, Bellevue, Renton, and Tacoma, supporting convenient access to job centers, amenities, and transportation options.
The surrounding trade area is described as having dense demographics, including 255,000+ residents within a 5-mile radius and a reported 32% population increase over the past decade.
The property benefits from strong intersection visibility at 104th and 240th in Kent, with the remarks citing 30,000+ vehicles per day. It is described as being near major employment hubs including Seattle, Bellevue, Renton, and Tacoma, supporting convenient access to job centers, amenities, and transportation options.
The surrounding trade area is described as having dense demographics, including 255,000+ residents within a 5-mile radius and a reported 32% population increase over the past decade.
Key Highlights
- Retail space in Kent with two ingress/egress points along 104th Ave
- High‑traffic visibility at the 104th Ave & 240th intersection in Kent (30,000+ vehicles per day)
- Centrally located within the East Hill neighborhood in Kent
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$171,759
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,435,180
$3.4M
Cap Rate 7%
$2,453,700
$2.5M
Cap Rate 9%
$1,908,433
$1.9M
Market Conditions
NOI Build-Up for 11,700 SF
Gross rent
$256.9K $21.96/SF
− Vacancy
−$11.6K −$0.99/SF
EGI
$245.4K $20.97/SF
− OpEx
−$73.6K −$6.29/SF
NOI
$171.8K $14.68/SF
Area
Kent, WA
Vacancy
4.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,435,180
Cap Rate 7%
$2,453,700
Cap Rate 9%
$1,908,433
Alternative Uses
Best Use
Retail
$2.45M
$2.15M – $2.86M
NOI $171,759 @ 7.0% cap · market cap 4.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.38M
$3.84M – $5.12M
NOI $306,919 @ 7.0% cap · market cap 7.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
30,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
953
Businesses Nearby
Explore this area
Business Placement
Demographics for 98030, WA
38,933
Population
13,519
Households
2.9
Avg Household Size
35
Median Age
28%
College-Educated
86%
High-School Grad
7.2 sq mi
ZIP Area
5,407
Density / Sq Mi
$91,218
Median Household Income
$46,681
Median Earnings
$1,797
Median Rent
$540,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - Retail space in Kent with two ingress and egress points along 104th Ave and visibility at high-traffic intersections.
Where is this retail space located?
The property is located at 24202 104th Ave SE Kent, WA.
What is the asking price?
The asking price for this property is $3,951,450.
What are key features of this property?
This property features: Retail space in Kent with two ingress/egress points along 104th Ave; High‑traffic visibility at the 104th Ave & 240th intersection in Kent (30,000+ vehicles per day); Centrally located within the East Hill neighborhood in Kent
