Property profile

1220 2nd N Ave Kent, WA 98032

OFF-MARKET
Distribution centers
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Property ID
US90-1496879
131,815 SF 6.01 ac Built 1970
Last sale Jun 2001·$1,500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 25-yr Hold Held for 25 years. Free & Clear No active or open recorded mortgage detected.
Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$145k
Tax billed · 2022
Assessed value$11.71M
Assessed land$5.77M
Assessed improvement$5.94M
Effective rate1.24%

Value estimate

· Nov 2026
$26.44M
$23.80M – $29.08M
CAP approach$23.48M
Submarket $/SF estimate$23.76M

Realmo valuation models over county records and 11 qualifying comparable sales.

Recently sold

What actually traded nearby?
$239/SF
ZIP average, outlier-cleaned · 47 recorded sales of this use type
Observed band · Q1–Q3$180 – $342
Qualifying comparables11

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
I2
The I2 mixed industrialdistrictis intended to accommodate a range of small, moderate and large scale industrialusesand activities with mo...
General categoryINDUSTRIAL
JurisdictionKING

Location intelligence

Which uses thrive at this corner?
Best fit: Pawn Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Pawn Shop10.1
Smoke and Vape Shop10.0
Pharmacy9.4

Location

1220 2nd N Ave Kent, WA 98032-2946
County assessor Recorded deeds · 2 transfers 11 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
6013 194th, Kent, WA 98032-1191 $22,500,000 Jul 2025 130,600 SF
6838 234th, Kent, WA 98032-2904 $70,850,000 May 2024 178,400 SF
22100 68th S, Kent, WA 98032-1912 $23,650,000 Jan 2024 94,225 SF
19920 66th S, Kent, WA 98032-2546 $260,100,000 Dec 2022 97,909 SF
22434 76th S, Kent, WA 98032-2406 $106,100,000 Jul 2022 182,000 SF
20111 66th S, Kent, WA 98032-1172 $260,100,000 Jan 2020 171,111 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Includes: Price & PSF · Cap rate · Location · Zoning

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