Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Kent Land Opportunity Title is generated by Realmo AI

    24432-24600 Pacific Hwy S, Kent, WA

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Land available for lease in Kent, Washington.

    Type:LAND
    Lot size:
    1.85 Acres
    Added:
    Nov 24, 2025
    Days on Market:
    185
    Last Refresh:
    May 19 at 9:06 pm

    Property Features for 24432-24600 Pacific Hwy S

    General Information

    Standard status
    Active
    Lot size
    1.85 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Camden Warren

    Listing agent Camden Warren

    Listing office Newmark

    Listing date Nov 24, 2025

    Source Moodyscre

    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 Newmark

    HighLights

    • Land available for lease
    • Located in Kent, Washington

    Overview

    Located in Kent, Washington, this land opportunity is available for lease. The property is situated on Pacific Highway South.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Kent
    County
    King
    State
    Washington
    Longitude
    -122.297
    Latitude
    47.382

    Nearby Similar for Sale

    • $150,000

      Kent Restaurant with Commercial Kitchen

      Fully built-out restaurant with commercial kitchen infrastructure for sale.
      21224 84th Avenue S, Kent, WA 98032
      View Details
    • $1,195,000
      3,212 SF

      Turnkey Medical Building Opportunity

      Standalone medical building with flexible occupancy and highway exposure.
      26136 Pacific Hwy S, Kent, WA 98032
      View Details
    • $1,900,000

      Transit-Oriented Development Site Opportunity

      Prime development site near future light rail station.
      24141 Pacific Hwy S, Kent, WA 98032
      View Details
    • $6,500,000
      32,077 SF

      Class A Office Building

      Architecturally appealing Class A office building in Kent Valley.
      6703 S 234th St, Kent, WA 98032
      View Details
    • Contact for pricing
      2,811 SF

      Kent Wendy's Ground Lease Opportunity

      Absolute net ground lease Wendy's in Kent, WA for sale.
      25350 Pacific Hwy S, Kent, WA 98032
      View Details
    • $2,205,000

      Prime Downtown Kent Location

      Versatile property in downtown Kent with excellent visibility and accessibility.
      221 W Gowe St, Kent, WA 98032
      View Details
    • $1,495,000
      5,000 SF

      Downtown Kent Warehouse/Office Space

      5000 SF office, manufacturing, warehouse space in downtown Kent.
      704 W Meeker, Kent, WA
      View Details
    • $1,050,000

      Versatile Commercial Space, Kent Location

      High-visibility commercial space suitable for medical or professional uses.
      10834 SE Kent Kangley Rd, Kent, WA
      View Details
    • $16,200,000
      65,858 SF

      Kent Industrial Building For Sale

      65,858 SF industrial building with freeway access in Kent.
      7036 - 7048 S 190th Street, Kent, WA 98032
      View Details
    • $0.90
      44,602 SF

      44,602 SF Industrial Building

      Industrial building with office space, secured yard, and freeway access.
      7036 - 7048 S 190th Street, Kent, WA 98032
      View Details
    • $28

      Class A Office Building

      Class A office building in a prime Kent Valley location.
      6703 S 234th St, Kent, WA 98032
      View Details
    • $1.50
      10,726 SF

      Kent Industrial Space Available

      10,726 SF industrial space with 24' clear height.
      5858 S 194th St, Kent, WA 98032
      View Details

    FAQs

    What type of property is this?
    Land - Land available for lease in Kent, Washington.
    Where is this land located?
    The property is located at 24432-24600 Pacific Hwy S Kent, WA.
    What are key features of this property?
    This property features: Land available for lease; Located in Kent, Washington
    (425) 362-1395 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Camden Warren
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    24432-24600 Pacific Hwy S, Kent, WA
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!