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    20600 108Th Ave Kent, WA 98031

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    20600 108Th Ave Kent, WA 98031

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    • Lifestyle centers
    • 22,470 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Elite boxing / Gym & Fitness Center / Sports School
    • Panther Lake / Business Service Center / Corporate Office
    • 24 Hour Fitness / Gym & Fitness Center

    Property Details for 20600 108Th Ave

    Property size
    22,470 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    Panther Lake Shopping Center presents a prime retail leasing opportunity in Kent, WA's thriving East Hill area. This established shopping center boasts a total of 22,470 square feet, with a currently available end-cap space of 4,418 square feet. The property enjoys exceptional visibility and accessibility, strategically located near the intersection of major highways 167, I-405, and I-5, resulting in over 65,000 vehicles passing daily. This high traffic count ensures significant customer exposure for potential tenants. The center's proximity to Boeing's Kent facility, a major employment center, further enhances its appeal and provides a substantial pool of potential customers within a short distance. Ample parking is available for shoppers and employees, ensuring convenience and ease of access. Additional benefits include prominent pylon signage opportunities, maximizing visibility and brand recognition. The property is classified as a multi-tenant shopping center within King County. This is an excellent chance to establish or expand your business in a high-demand location with strong potential for growth and profitability. The available space is an end-cap unit, offering increased visibility and potential for customized storefront design. Don't miss this opportunity to secure a space in this thriving retail center.

    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
    -122.196
    Latitude
    47.4172

    Comparable in this City

    • Value Estimation by Request
      0.62 Acres

      21000 108th SE Ave

      SHOPPING CENTER, STRIP CENTER • 0.62 Acres
      21000 108th SE Ave, Kent, WA 98031-2199
      View Details
    • Value Estimation by Request
      1.91 Acres

      21000 108th SE Ave

      SHOPPING CENTER, STRIP CENTER • 1.91 Acres
      21000 108th SE Ave, Kent, WA 98031-2199
      View Details
    • Value Estimation
      $18,355,000
      166,593 SF

      10201 240th St

      WHOLESALE OUTLET, DISCOUNT STORE • 166,593 SF
      10201 240th St, Kent, WA 98031-4895
      View Details
    • Value Estimation
      $1,090,000
      8,350 SF

      8831 228th St

      WHOLESALE OUTLET, DISCOUNT STORE • 8,350 SF
      8831 228th St, Kent, WA 98031-2437
      View Details
    • Value Estimation
      $4,090,000
      34,920 SF

      23662 104th SE Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 34,920 SF
      23662 104th SE Ave, Kent, WA 98031-3316
      View Details
    • Value Estimation
      $1,315,000
      2,724 SF

      23911 104th SE Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,724 SF
      23911 104th SE Ave, Kent, WA 98031-3312
      View Details

    Similar Nearby for Sale

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      175,226 SF

      Kent Retail Redevelopment Opportunity

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      Kent Developable Land For Sale

      3.4-acre developable property in Kent's East Hill community.
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      14,368 SF

      Kent Industrial Buildings For Sale

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      Kent Land Development Opportunity

      3.4-acre developable property in Kent's East Hill community.
      22315 108Th Ave SE, Kent, WA 98031
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    • Contact for pricing

      Vacant Land Near Highway Access

      Land parcel near shopping, restaurants, parks, and schools.
      Se 208Th St, Kent, WA 98031
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    • $2,125,000

      Kent Land For Sale

      Land available for purchase in Kent, Washington.
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    Similar Nearby for Lease

    • Contact for pricing

      Kent Retail Space For Lease

      Retail space available for lease in Kent, Washington.
      20600 108Th Ave SE, Kent, WA 98031
      View Details
    • Contact for pricing

      Flexible Warehousing and Office Space

      Adaptable spaces for warehousing, parking, office, and events.
      20024 85Th Ave S, Kent, WA 98031
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    • Contact for pricing
      1,463 SF

      Retail Space with Ample Parking

      End-cap retail space with high visibility and easy access.
      10415 SE 240Th St, Kent, WA 98031
      View Details
    • Contact for pricing
      3,797 SF

      Retail Space in Orchard Plaza

      4,250 SF retail space in high-traffic Orchard Plaza.
      20930-20950 108Th Ave SE, Kent, WA 98031
      View Details
    • $20 SF/Yr

      Kent Retail Space For Lease

      Retail space for lease in high-traffic Kent location.
      21022 108Th Ave SE, Kent, WA 98031
      View Details
    • $20 SF/Yr

      Kent Retail Space For Lease

      Retail space for lease in Kent, restaurant use possible.
      21022 108Th Ave SE, Kent, WA 98031
      View Details
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    20600 108Th Ave
    Kent, WA 98031
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    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
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