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    24437 Russell Rd Kent, WA 98032

    Sponsored
    For Lease
    $22 SF/Yr

    Prime Kent location, 44,550 sqft, 2,424 sqft available

    Lot size:
    44,550 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property, known as Plaza By The Green, presents a unique investment opportunity in the thriving Kent Valley submarket of Kent, Washington. The property encompasses three buildings totaling 44,550 square feet, situated on a generous 4.8-acre lot. Currently, 2,424 square feet of office space is available for lease, ideal for a variety of businesses. The complex boasts 178 parking spaces, ensuring ample convenience for tenants and their clients. Built in 1990, the Class B property is zoned GC and features a multi-tenant occupancy. Its strategic location within the Riverbend Golf Complex, at the intersection of West Meeker Street and Russell Road, offers high visibility and accessibility. The property benefits from its proximity to the Kent retail corridor, Showare Center, and downtown Kent, providing excellent access to a large customer base. The surrounding area includes a diverse mix of hotels, services, retail establishments, and restaurants, creating a vibrant and dynamic commercial environment. The property's address is 24437 Russell Rd, Kent, WA 98032, with the APN number 232204-9088. This is a rare opportunity to secure a well-located, established commercial property in a rapidly growing area. The former Shari's Restaurant space is ready for immediate occupancy.

    Property Features for 24437 Russell Rd

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    44,550 SF
    Class
    B
    Total Rate
    81675

    Building Details

    Year Built
    1990
    Buildings
    3

    Unit(s) available at that property

    Space
    Ste 112
    Size
    2,424 SF
    Rate per SF
    $22

    HighLights

    • NNN Lease: $5.22 PSF.
    • Excellent Interstate 5 and Hwy 167 Access.
    • Ground Lease Option Available.
    • Surrounded by 653 New Apartment Units.
    Property Profile Location Intelligence

    Current Use by Public Records

    Basic Steps Learning ... Tutoring Service The Harp Bar and Restaurant Irish Pub ATM Atm PSE Up & Go ... Electric Vehicle Charging Station Multi-Service Center - Kent ... Non-Profit Organization

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Kent
    County
    King
    State
    Washington
    Longitude
    -122.2621101
    Latitude
    47.3815173

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Kent location, 44,550 sqft, 2,424 sqft available
    Where is this office property / space located?
    The property is located at 24437 Russell Rd Kent, WA.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: NNN Lease: $5.22 PSF.; Excellent Interstate 5 and Hwy 167 Access.; Ground Lease Option Available.
    Request Owner's contact information
    24437 Russell Rd Kent, WA 98032
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    Kent, WA 98032
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    Realmo Value Estimation

    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.

    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.

    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
    24437 Russell Rd Kent, WA 98032
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