Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1019 6th N Ave Kent, WA 98032-2937

    • Warehouses
    • 33,120 SF
    • 5.12 lot acres
    OFF-MARKET
    Value Estimations
    $4,535,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-0985123
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Roadrunner Transportation System / Trucking Company
    • Amazon / Storage Facility / Distribution Center
    • Diamondline Delivery Systems, Inc. / Freight Service / Logistics Company
    • Alf / Trucking Company

    Property Details for 1019 6th N Ave

    Year built
    1977
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    5.12 lot acres
    Property size
    33,120 SF
    Zone code
    I2
    Property type
    Warehouses
    APN
    383090-0140
    APU
    3830900140

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $6,390,000
      6.5%
      $5,900,000
      7%
      $5,475,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Kent
    County
    King
    State
    Washington
    Longitude
    -122.241
    Latitude
    47.3914
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $79,982
    $4,863,400
    $2,423,200
    $7,286,600
    -
    $4,863,400
    $2,423,200
    $7,286,600

    Comparable in this City

    • Value Estimation by Request
      3,200 SF

      22727 72Nd Ave

      Distribution properties • 3,200 SF
      22727 72Nd Ave, Kent, WA 98032
      View Details
    • Value Estimation
      $2,290,000
      18,838 SF

      6040 194th St

      WAREHOUSE, STORAGE • 18,838 SF
      6040 194th St, Kent, WA 98032-1191
      View Details
    • Value Estimation
      $5,110,000
      43,811 SF

      6840 196th St

      WAREHOUSE, STORAGE • 43,811 SF
      6840 196th St, Kent, WA 98032-1183
      View Details
    • Value Estimation
      $1,775,000
      11,310 SF

      8200 216th St

      WAREHOUSE, STORAGE • 11,310 SF
      8200 216th St, Kent, WA 98032-1934
      View Details
    • Value Estimation
      $785,000
      4,760 SF

      7752 259th St

      WAREHOUSE, STORAGE • 4,760 SF
      7752 259th St, Kent, WA 98032-7316
      View Details
    • Value Estimation
      $605,000
      3,447 SF

      6850 Oberto Dr

      MINI-WAREHOUSE, STORAGE • 3,447 SF
      6850 Oberto Dr, Kent, WA 98032-6800
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Kent Warehouse Space Available Now

      42,049 SF warehouse space with excellent access to SR 167.
      8030 S 194Th St, Kent, WA 98032
      View Details
    • $1,495,000
      5,000 SF

      Downtown Kent Warehouse/Office Space

      5000 SF office, manufacturing, warehouse space in downtown Kent.
      704 W Meeker St, Kent, WA 98032
      View Details
    • Contact for pricing
      6,912 SF

      Stand-Alone Building For Sale

      Rare stand-alone building in Kent near SR-167.
      22645 76Th Ave S, Kent, WA 98032
      View Details
    • Contact for pricing

      44,602 SF Industrial Building

      Industrial building with office space, secured yard, and freeway access.
      7036 S 190Th St, Kent, WA 98032
      View Details
    • Contact for pricing

      Kent Valley Industrial Space Available

      71,332 SF industrial space for lease in Kent Valley.
      6205-6305 S 231St St, Kent, WA 98032
      View Details
    • $16,200,000

      Kent Industrial Building For Sale

      65,858 SF industrial building with freeway access in Kent.
      7036 S 190Th St, Kent, WA 98032
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Kent Valley Industrial Warehouse Space

      228,300 SF warehouse space in Kent Valley available 1Q 2026.
      20401 84Th Ave S, Kent, WA 98032
      View Details
    • Contact for pricing
      22,347 SF

      Kent Warehouse Space Available

      Industrial warehouse space available for lease in Kent, Washington.
      22114-22140 76Th Ave S, Kent, WA 98032
      View Details
    • Contact for pricing
      1,187 SF

      Kent Warehouse/Office Space Available

      Warehouse/office space featuring a private office, reception, and roll-up door.
      25400-25508 74Th Ave S, Kent, WA 98032
      View Details
    • Contact for pricing
      29,852 SF

      Kent Valley Warehouse Space

      Professionally managed warehouse space in Kent Valley available for rent.
      8011 South 224Th St, Kent, WA 98032
      View Details
    • Contact for pricing
      12,375 SF

      Kent Valley Dock High Space

      Professionally managed dock high space in the Kent Valley.
      22625 S 83Rd Ave S, Kent, WA 98032
      View Details
    • Contact for pricing
      20,000 SF

      Secured Warehouse Space Available Now

      20,000 SF fenced, insulated warehouse with 30' clear height.
      6838-7024 S 234Th St, Kent, WA 98032
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1019 6th N Ave
    Kent, WA 98032-2937
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!