Mixed-Use Investment in Downtown
412-418 W Meeker St Kent, WA
412-418 W Meeker St, Kent, WA, 00000
Contact for pricing
For Lease
Contact for pricing
Stabilized mixed-use property with immediate cash flow in revitalized Downtown.
Lot Size0.19 Acres
Days on Market239
Property Features for 412-418 W Meeker St
General Information
- Standard status
- Active
- Lot size
- 0.19 Acres
- Property subtype
- RETAIL
Spaces For Lease
at 412-418 W Meeker St Contact us
Listing agency
NI Commercial Real Estate
(206) 251-4664
Listed by
Norman Ives
(206) 251-4664
Source
Moodyscre
Added: Nov 24, 2025 Updated: Jul 10 at 11:33AM Checked: Jul 21 at 5:45AM
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 NI Commercial Real Estate
Investment Insights
Based on property information with market context.
The Melbourne Building presents a mixed-use investment opportunity in Downtown Kent. The property is priced at a 7.39% cap rate. It offers immediate cash flow and value-add potential through residential unit renovations and rent increases. The property features a mix of residential and commercial tenants, diversified income streams, and minimal near-term rollover risk within a walkable downtown core. The retail portion is anchored by Aladdin Bail Bonds, a national tenant with approximately 7 years remaining on their lease plus renewal options, providing predictable income. Two additional tenants include a local business with years of tenancy. Located in Kent, Washington, a city with a population of over 135,000, the property benefits from a diverse economic base anchored by aerospace, manufacturing, logistics, and technology. The city has a median household income above $80,000 and renter demand driven by affordability and proximity to major job centers like Seattle, Bellevue, and Tacoma. Downtown Kent is experiencing revitalization.
Key Highlights
- High 7.39% Cap Rate: Offers immediate cash flow.
- Stabilized Mixed‑Use Property: Balanced mix of residential and commercial tenants provides diversified income streams and minimal near‑term rollover risk.
- Value‑Add Potential: Opportunity for increased revenue through residential unit renovations and strategic rent increases.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mixed-use properties
Similar For Rent Nearby
FAQs
What type of property is this?
Mixed-use property - Stabilized mixed-use property with immediate cash flow in revitalized Downtown.
Where is this mixed-use property located?
The property is located at 412-418 W Meeker St Kent, WA.
What is the lease rate?
The lease rate is $22.12 SF/Yr.
What are key features of this property?
This property features: High 7.39% Cap Rate: Offers immediate cash flow.; Stabilized Mixed‑Use Property: Balanced mix of residential and commercial tenants provides diversified income streams and minimal near‑term rollover risk.; Value‑Add Potential: Opportunity for increased revenue through residential unit renovations and strategic rent increases.
