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Property profile & analytics
FOR SALE
Medical Office Space
10056 SE 240Th St Kent, WA 98031
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-0520080
For Sale
1 / 5
Contact for pricing
10056 SE 240Th St, Kent, WA 98031
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1960
Construction
WOOD
Total area
6,407 SF
Lot
0.82 ac (35,662 SF)
Zoning code
CC-MU
APN
172205-9130
UPID
US90-0520080
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
Current use
Occupant on record · Public records
-
Khamsaengphet Hodges Physician
-
Dr. Ilona Barlam Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$870k
Owner & transaction history
Youth Eastside Services · 2 yrs held
Youth Eastside Services
since 2024
7 recorded transactions
Zoning & alternative use
CC-MU · Kent, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the CCdistrictis to provide areas for limited commercial activities that serve several residential neighborhoods. It is also the purpose of thisdistrictto provide opportunities formixed use developmentwithin the designated mixeduseoverlay boundary, as designated by thecomprehensive plan
Zone name
Community Commercial And Mixed Use
General category
MIXED_USE
Zone area
301.35 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$136 / 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
$8,046
Tax year 2022
Assessed value
$714,200
Assessed 2022
Previous assessed
$714,200
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$713,200
Assessed improvement
$1,000
Land market value
$713,200
Improvement market value
$1,000
Total market value
$714,200
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Sale
Year built
1960
Construction
WOOD
Heating
FORCED AIR
Stories
2
Total area
6,407 SF
Lot
0.82 ac (35,662 SF)
Zoning code
CC-MU
APN
172205-9130
UPID
US90-0520080
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CC-MU · Kent, WAZoning CC-MU · permitted uses
CC-MU · Kent, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the CCdistrictis to provide areas for limited commercial activities that serve several residential neighborhoods. It is also the purpose of thisdistrictto provide opportunities formixed use developmentwithin the designated mixeduseoverlay boundary, as designated by thecomprehensive plan
Zone name
Community Commercial And Mixed Use
General category
MIXED_USE
Zone area
301.35 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1960
Construction
WOOD
Heating
FORCED AIR
Stories
2
Lot
0.82 ac
Current owner
From public records · entity-resolved
Youth Eastside Services
Individual
Mailing address
801 23RD AVE S STE #201, SEATTLE, WA 98144-3039
Ownership since
2024
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
Apr 2, 2024
—
Youth Eastside Services
Richard O Wagner
Warranty Deed
—
Feb 6, 2006
—
Kent Valley Place LLC
Wagner Asset Group LLC
Quit Claim Deed
related
—
Jan 28, 2003
—
Wagner Asset Group LLC
Wagner,richard O
Quit Claim Deed
related
—
Jan 20, 1998
—
Bruce E Wagner
Weinstein,jill T
Quit Claim Deed
related
—
Jan 20, 1998
$262,435
Wagner,richard O
Wagner,bruce E
Trustees Deed
related
—
Dec 31, 1996
—
Richard O Wagner
Felton Avenue Apartments
Quit Claim Deed
related
—
Jan 8, 1993
$450,000
Felton Avenue Apartments
Simmons,sheldon
Grant Deed
$351,000 · Seller
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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