Individually Owned Property summary
This exceptional mixed-use property in vibrant Downtown Kent, WA offers a compelling investment opportunity. The 8,376 square foot building features three ground-floor retail spaces, all leased through 2026 and 2027 with extension options, and five upper-floor apartment units. Three of the apartments have been extensively renovated since 2021, boasting LVP flooring, updated kitchens and bathrooms, and fresh paint. The remaining two units present a value-add opportunity to increase rental… income. Over $165,000 has already been invested in renovations. The building benefits from a 100% occupancy rate, generating a strong net operating income (NOI) of $124,792 and a 6.71% cap rate. The asking price is $1,850,000 ($221/sq ft and $185,000/unit). Ten parking spaces are available. Individual water shutoffs in each apartment unit simplify renovations. All apartment leases include 45-day termination clauses upon sale (buyer to verify). The property is zoned DCE and enjoys high visibility in a thriving downtown location. The potential to implement a utility billback system further enhances the income potential. This is a rare opportunity to acquire a well-maintained, high-performing mixed-use asset with significant upside.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2022
Value estimate
· Sep 2026Realmo valuation models over county records and 5 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
1 recorded sale · 5 properties nearbyComparable nearby
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 8,376 SF
- Lot area
- 0.19 ac
- Year built
- 1958
- Stories
- 2
- APN
- 982570-0355
- Zoning
- DCE
- Assessed value · 2022
- $1,067,400
- Annual tax · 2022
- $12,492
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Official district profile
The purpose of thisdistrictis to encourage and promote higher density development and a variety and mixture of compatible retail, commercial, residential, civic, recreational, and service activities in the downtown area,…
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Alternative use
- Local Zoning Insight
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- Owner Contacts
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- NOI Potential
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- Location Insight
- Alternative use
- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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