Retail Site for Two
24202 104th Ave SE Kent, WA 98030
For Sale
Contact for pricing
For sale retail site with a pending binding site plan to divide the property into two parcels.
Property Size11,700 SF
Price / SF$337.95
Days on Market56
Property Features for 24202 104th Ave SE
General Information
Standard status
Active
Size
11,700 SF
Property subtype
RETAIL
Listing Agency:
Kidder Mathews
(425) 290-2247
Listed By:
Andrew Graff
(206) 332-1486
Source:
Moodyscre
Added: Jun 4
Changed: Jul 28
Last Checked: Jul 28 at 3:04PM
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.
For sale retail site at 24202 104th Ave SE, Kent, WA 98030. The property is currently undergoing a Binding Site Plan process intended to divide the site into two separate parcels, with BSP approval pending.
Because the site plan is not yet finalized, buyers are advised to verify all information and suitability for their intended use. The marketing flyer includes additional details regarding the proposed parcel configuration and site plan.
The property totals 11,700 square feet, and the ultimate configuration will depend on the outcome of the pending BSP approval.
Because the site plan is not yet finalized, buyers are advised to verify all information and suitability for their intended use. The marketing flyer includes additional details regarding the proposed parcel configuration and site plan.
The property totals 11,700 square feet, and the ultimate configuration will depend on the outcome of the pending BSP approval.
Key Highlights
- Retail site for sale with a pending Binding Site Plan (BSP) to divide the property into two separate parcels
- BSP approval is pending; buyer to verify all information and suitability for intended use
Financial Insights For Retail
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 | $256.9k | $21.96 |
| − Vacancy | −$11.6k | −$0.99 |
| EGI | $245.4k | $20.97 |
| − OpEx | −$73.6k | −$6.29 |
| NOI | $171.8k | $14.68 |
11,700 SF · lease $21.96/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.45M
$2.15M – $2.86M
NOI $171,759 @ 7.0% cap · market cap 4.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.38M
$3.84M – $5.12M
NOI $306,919 @ 7.0% cap · market cap 7.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Afghani — 24228 104th Ave SE #101, Kent, WA 98030
- Coinstar Kiosk | Bitcoin ATM — Kroger - Fred Meyer Inc, 10201 SE 240th St, Kent, WA 98031
Frequently Asked Questions
What type of property is this?
Shopping center - For sale retail site with a pending binding site plan to divide the property into two parcels.
Where is this shopping center located?
The property is located at 24202 104th Ave SE Kent, WA.
What is the asking price?
The asking price for this property is $3,954,000.
What are key features of this property?
This property features: Retail site for sale with a pending Binding Site Plan (BSP) to divide the property into two separate parcels; BSP approval is pending; buyer to verify all information and suitability for intended use
