Industrial Warehouse with Grade-Level
New
For Sale
Contact for pricing
728 Railroad Ave S, Kent, WA 98032
A compact industrial space offers three-phase power, sprinkler protection, and secured on-site parking.
Property Size1,000 SF
Price / SF$2.50
Days on Market5
Property Features for 728 Railroad Ave S
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Fenced Yard
Lease Term
Gross
Site & Location
Neighborhood
Kent Sodo
Highway Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Drive-In Doors
1
Power
300 amps
Three-Phase Power
Yes
Properties For Sale
at 728 Railroad Ave S
728 Railroad Ave S
Size
1,000 SF
Term
Negotiable
Listing Agency:
NAI Puget Sound Properties
Listed By:
Bruce Goldstein
(206) 972-6650
Source:
Nai-psp
Added: Oct 24
Changed: Oct 25
Last Checked: Oct 28 at 6:49AM
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 NAI Puget Sound Properties
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This newly built industrial warehouse provides approximately 1,000 square feet of space, a 10-foot grade-level roll-up door, and 400-amp, three-phase electrical service. The building is sprinklered, and the property has gated, fenced security with on-site parking.
Access to Hwy 516 and Hwy 167 is available from the property.
Access to Hwy 516 and Hwy 167 is available from the property.
Key Highlights
- Approximately 1,000 SF of industrial space
- 10‑foot grade‑level roll‑up door
- 400 amps of three‑phase power
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,577
Suggested Prices Based on Cap Rates
Cap Rate 5%
$231,540
$231.5K
Cap Rate 7%
$165,386
$165.4K
Cap Rate 9%
$128,633
$128.6K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$14.5K $14.52/SF
− Vacancy
−$900 −$0.90/SF
EGI
$13.6K $13.62/SF
− OpEx
−$2.0K −$2.04/SF
NOI
$11.6K $11.58/SF
Area
Kent, WA
Vacancy
6.20%
Lease Rate
$14.52 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$231,540
Cap Rate 7%
$165,386
Cap Rate 9%
$128,633
Alternative Uses
Best Use
Warehouse
$165.4K
$144.7K – $193.0K
NOI $11,577 @ 7.0% cap · market cap 463.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$374.7K
$327.9K – $437.2K
NOI $26,232 @ 7.0% cap · market cap 1,049.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,298
Businesses Nearby
Balanced
Demand for This Use
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
Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Affordable Self Storage — 1721 Central Ave S, Kent, WA 98032
- Express Storage-Kent — 1407 Central Ave S, Kent, WA 98032
- Puget Sound Moving — 1316 Central Ave S #220, Kent, WA 98032
Frequently Asked Questions
What type of property is this?
Warehouse - A compact industrial space offers three-phase power, sprinkler protection, and secured on-site parking.
Where is this warehouse located?
The property is located at 728 Railroad Ave S Kent, WA.
What are key features of this property?
This property features: Approximately 1,000 SF of industrial space; 10‑foot grade‑level roll‑up door; 400 amps of three‑phase power
