Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    228xx 178Th Ave Kent, WA 98042
    Back to Search
    Property profile & analytics

    228xx 178Th Ave, Kent, WA 98042

    View on Map
    • Land
    • 2.51 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 228xx 178Th Ave

    Lot size
    2.51 lot acres
    Property type
    Land

    Description

    This 2.51-acre vacant residential lot in Kent, WA (98042), located at 228xx 178th Ave SE, is zoned for residential use and presents a unique opportunity to build a custom home or place a manufactured home. Situated in the desirable Lake Youngs area, this property boasts rolling pasture land and is fully fenced, offering privacy and seclusion. The lot is at the end of a private road, ensuring a quiet and peaceful setting while still being conveniently close to freeways, shopping, and schools. A community well is located at the front of the property, and the building site is centrally located, suitable for a two-story home or rambler. Soil conditions are expected to be suitable for septic installation. The property is ideal for those seeking a home with space for animals. Please note that the south fence does not precisely follow the property line

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Kent
    County
    King
    State
    Washington
    Longitude
    -122.107
    Latitude
    47.3978

    Comparable in this City

    • Value Estimation by Request
      0.38 Acres

      132xx 231St St

      Land
      132xx 231St St, Kent, WA 98042
      View Details
    • Value Estimation by Request
      0.22 Acres

      150xx 272Nd St

      Land
      150xx 272Nd St, Covington, WA 98042
      View Details
    • Value Estimation by Request
      19.74 Acres

      27631 Covington Way

      Land
      27631 Covington Way, Covington, WA 98042
      View Details
    • Value Estimation by Request
      0.80 Acres

      17018 Wax Rd

      Land
      17018 Wax Rd, Covington, WA 98042
      View Details
    • Value Estimation by Request
      0.70 Acres

      14707 272Nd St

      Land
      14707 272Nd St, Kent, WA 98042
      View Details
    • Value Estimation by Request

      27013 176Th Pl

      Land
      27013 176Th Pl, Covington, WA 98042
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land in Town Center Zoning

      Land suitable for day care, office, or mixed-use development.
      17018 SE Wax Rd, Covington, WA 98042
      View Details
    • Contact for pricing
      20,568 SF

      Professional Office Land Available

      Land with permits imminent, adjacent to Walmart entrance.
      27013-27019 176Th Pl SE, Covington, WA 98042
      View Details
    • Contact for pricing

      Kent Land with Development Potential

      3.82 acres of CC zoned land with development potential.
      15326 SE 272Nd St, Kent, WA 98042
      View Details
    • Contact for pricing
      31,363 SF

      Ready to Build Pad Site

      Pad site near Covington Town Center development with utilities.
      SE Wax Rd, Covington, WA 98042
      View Details
    • Contact for pricing

      Covington Industrial Land for Sale

      19.74 acres near Highway 18, South King County.
      27631 Covington Way SE, Covington, WA 98042
      View Details
    • Contact for pricing

      Covington Industrial Land for Development

      19.74 acres near Highway 18, South King County.
      27631 Covington Way SE, Covington, WA 98042
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      36,900 SF

      Land Near Trader Joe's

      Undeveloped land suitable for retail uses near Trader Joe's.
      27006 132Nd Ave SE, Kent, WA 98042
      View Details
    • Contact for pricing

      Covington Industrial Land Opportunity

      19.74 acres of industrial land available for lease.
      27631 Covington Way SE, Covington, WA 98042
      View Details
    • Contact for pricing

      Highway 18 Accessible Industrial Site

      19.74 acre industrial site near Highway 18 available for lease.
      27631 Covington Way SE, Covington, WA 98042
      View Details
    • Contact for pricing
      2,043 SF

      Retail Space in Covington, WA

      Retail property available for lease in Covington, Washington.
      27027-27193 185Th Ave SE, Covington, WA 98042
      View Details
    • Contact for pricing
      247,409 SF

      Class A Industrial Building

      247,409 SF industrial building with excellent highway access.
      28009 Covington Way SE, Covington, WA 98042
      View Details
    • Contact for pricing
      1,531 SF

      Retail Space in Kent, WA

      Retail space available for rent in Kent, Washington.
      16735 SE 272Nd St, Kent, WA 98042
      View Details
    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.
    228xx 178Th Ave
    Kent, WA 98042
    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
    228xx 178Th Ave, Kent, WA, 98042
    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!