24437 Russell Rd Kent, WA 98032
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.