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Property profile & analytics
OFF-MARKET
Estimated value
$1,675,000
Outlet malls
100 Railroad S Ave, Kent, WA 98032-5941
Entity Owned
25-yr Hold
~
Est. High Equity
Property ID
US90-1725144
Property summary
AI-generated overview
This exceptional mixed-use property in Kent, WA, presents a prime investment opportunity. Located at 100 Railroad Avenue S, this well-maintained building boasts a total of nine units: six spacious residential units on the second floor and three retail units on the ground level, offering a diverse income stream. The property sits on a 0.13-acre lot and is strategically positioned near Kent Station, providing convenient access to public transportation and a vibrant commercial district. Recent improvements include a new roof installed in 2019, and further roof work completed in 2023 over the restaurant space, significantly reducing future maintenance expenses. The building's current cap rate stands at 6%, indicating strong potential for return on investment. Its prime location, close proximity to shops, cafes, and restaurants, ensures high tenant occupancy and customer traffic for the retail spaces. This property is ideal for investors seeking a stable, high-yield asset with significant growth potential in a thriving urban area. The asking price is $2,800,000.
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1912
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,324 SF
Lot
0.13 ac (5,836 SF)
Zoning code
DCE
APN
917960-0815
UPID
US90-1725144
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.33M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.68M
Owner & transaction history
Edc Properties LLC · 25 yrs held
Edc Properties LLC
since 2000
7 recorded transactions
Zoning & alternative use
DCE · Kent, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Kent submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kent submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,525,000
6.5%
$2,330,000
7%
$2,165,000
Blend value · Realmo final
$1.68M
Range $1.51M – $1.84M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$162 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$16,416
Tax year 2022
Assessed value
$1,430,800
Assessed 2022
Previous assessed
$1,430,800
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$110,000
Assessed improvement
$1,320,800
Land market value
$110,000
Improvement market value
$1,320,800
Total market value
$1,430,800
Applied tax rate
1,526.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1912
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
2
Total area
10,324 SF
Lot
0.13 ac (5,836 SF)
Zoning code
DCE
APN
917960-0815
UPID
US90-1725144
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
DCE · Kent, WA
Zoning DCE · permitted uses
DCE · Kent, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kent. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1912
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
2
Lot
0.13 ac
Current owner
From public records · entity-resolved
Edc Properties LLC
Entity
Mailing address
7018 127TH PL SE, NEWCASTLE, WA 98056-1326
Ownership since
2000
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2022
—
Edc Properties LLC
—
Deed
related
$1,265,000 · Pacific Crest Savings Bank
Aug 9, 2000
$523,500
Edc Properties LLC
Root,robin M
Grant Deed
$367,500 · First Mutual Bank
May 3, 2000
—
Kent City (wa)
Root,robin M
Quit Claim Deed
related
—
Aug 17, 1995
$236,500
Terry W Root
Dragness,jeffrey
Grant Deed
$150,000 · Lornty Investment Co
—
—
Eac Properties
—
Deed Of Trust
related
$106,284 · Robin M Root
—
—
Edc Properties LLC
—
Deed Of Trust
related
$700,000 · First Mutual Bank
—
—
Edc Properties LLC
—
Deed Of Trust
related
$90,000 · Kevin Vanflandern
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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