Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    210-406 Washington Ave Kent, WA 98032
    Back to Search
    Property profile & analytics

    210-406 Washington Ave, Kent, WA 98032

    View on Map
    • Retail properties & Spaces
    • 82,960 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 210-406 Washington Ave

    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    Langston Landing, located at 210-406 Washington Avenue S in Kent, WA 98032, presents a prime retail investment opportunity. This 82,960 square foot grocery-anchored shopping center boasts a highly successful Safeway as its anchor tenant, ensuring consistent foot traffic. The center is strategically situated off Highway 167, providing excellent visibility and accessibility. Currently, there are multiple spaces available, ranging from a minimum of 990 square feet to a maximum contiguous space of 5,075 square feet, with a total of 10,272 square feet currently vacant. The center is complemented by a strong tenant mix including national and regional businesses such as Dollar Tree, Cricket Wireless, and Jackson Hewitt. This location benefits from a densely populated area, with over 101,000 residents within a 3-mile radius, exhibiting an average annual household income exceeding $87,000. This translates to a robust consumer base with significant spending power, making Langston Landing an attractive proposition for businesses seeking high visibility and strong sales potential in a thriving King County market, approximately 15 miles southeast of Seattle's central business district. The property's strategic location and established tenant base offer a compelling investment opportunity for discerning retail businesses.

    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
    -122.246
    Latitude
    47.3806

    Comparable in this City

    • Value Estimation by Request
      1,300 SF

      Valley Hwy

      Neighborhood centers
      0 Valley Hwy, Kent, WA 98032
      View Details
    • Value Estimation by Request
      44,550 SF

      24437 Russell Rd

      Office Spaces
      24437 Russell Rd, Kent, WA 98032
      View Details
    • Value Estimation by Request
      9,490 SF

      827- Ave

      Retail properties & Spaces
      827- Ave, Kent, WA 98032
      View Details
    • Value Estimation by Request
      47,626 SF

      105 Washington Ave

      Restaurants
      105 Washington Ave, Kent, WA 98032
      View Details
    • Value Estimation by Request
      840 SF

      110 Central Ave

      Retail properties & Spaces
      110 Central Ave, Kent, WA 98032
      View Details
    • Value Estimation by Request
      650 SF

      108 Railroad S Ave

      RETAIL STORES (PERSONAL SERVICES)
      108 Railroad S Ave, Kent, WA 98032-5941
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,135 SF

      Stand Alone Pad Building

      Highly visible, remodeled dental office on hard corner.
      23241 Pacific Hwy S, Kent, WA 98032
      View Details
    • Contact for pricing
      24,240 SF

      Kent Mixed-Use Commercial Lot

      24,246 Sq Ft lot with 2,438 Sq Ft building.
      408 Central Ave N, Kent, WA 98032
      View Details
    • Contact for pricing
      6,900 SF

      Kent Retail Property For Sale

      Retail property available in Kent, Washington, with 6,900 square feet.
      105 Central Ave N, Kent, WA 98032
      View Details
    • Contact for pricing
      24,240 SF

      Kent Commercial Lot with Building

      24,246 SF lot with 2,438 SF building in Kent.
      418 Central Ave N, Kent, WA 98032
      View Details
    • Contact for pricing

      Development Opportunity Near Light Rail

      Land suitable for mixed-use development near Kent Des Moines station.
      24202 Pacific Hwy S, Kent, WA 98032
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,800 SF

      Kent Retail Space Available

      Retail space available for lease in Kent, Washington.
      417 Ramsay Way N, Kent, WA 98032
      View Details
    • Contact for pricing
      2,364 SF

      Kent Retail Space Available

      Retail space available for lease in Kent, Washington.
      8009 S 180Th St, Kent, WA 98032
      View Details
    • Contact for pricing
      1,480 SF

      Retail Space in Kent, WA

      Retail space available for lease in Kent, Washington.
      1426-1428 W Meeker St, Kent, WA 98032
      View Details
    • Contact for pricing
      23,867 SF

      Retail Space in Woodmont Plaza

      23,867 SF retail space in Kent, WA for lease.
      26200 Pacific Hwy S, Kent, WA 98032
      View Details
    • Contact for pricing
      4,025 SF

      Kent Retail Space Available

      Retail space available for lease in Kent, Washington.
      20038 68Th Ave S, Kent, WA 98032
      View Details
    • Contact for pricing
      2,359 SF

      Retail Space in Kent, WA

      Retail space available for lease in Kent, Washington.
      2200 West Meeker St, Kent, WA 98032
      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.
    210-406 Washington Ave
    Kent, WA 98032
    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
    210-406 Washington Ave, Kent, WA, 98032
    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!