Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1216 4th N Ave Kent, WA 98032-2940
    Back to Search
    Property profile & analytics

    1216 4th N Ave Kent, WA 98032-2940

    View on Map
    • Manufacturing properties
    • 29,520 SF
    • 1.72 lot acres
    Off-Market
    Property ID
    US90-0810301
    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.
    Value Estimations
    $3,870,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Buyken Metals Products / Production Facility / Metal Fabrication Plant
    • Wifes Work Buyken / Corporate Office

    Property Details for 1216 4th N Ave

    Year built
    1979
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.72 lot acres
    Property size
    29,520 SF
    Zone code
    I2
    Property type
    Manufacturing properties
    APN
    383090-0330
    APU
    3830900330

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,690,000
      6.5%
      $4,330,000
      7%
      $4,020,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Kent
    County
    King
    State
    Washington
    Longitude
    -122.237
    Latitude
    47.3963
    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
    $50,485
    $1,781,200
    $2,845,700
    $4,626,900
    -
    $1,781,200
    $2,845,700
    $4,626,900

    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
      $12,960,000
      143,361 SF

      Kent, WA 98032

      MANUFACTURING (LIGHT) • 143,361 SF
      Kent, WA 98032
      View Details
    • Value Estimation
      $19,345,000
      215,960 SF

      20403 68th S Ave

      MANUFACTURING (LIGHT) • 215,960 SF
      20403 68th S Ave, Kent, WA 98032-2316
      View Details
    • Value Estimation
      $12,640,000
      105,417 SF

      23400 71st S Pl

      MANUFACTURING (LIGHT) • 105,417 SF
      23400 71st S Pl, Kent, WA 98032-2905
      View Details
    • Value Estimation by Request
      28,000 SF

      19042 72Nd Ave

      Distribution properties • 28,000 SF
      19042 72Nd Ave, Kent, WA 98032
      View Details
    • Value Estimation
      $8,180,000
      89,900 SF

      800 3rd S Ave

      MANUFACTURING (LIGHT) • 89,900 SF
      800 3rd S Ave, Kent, WA 98032
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      22,224 SF

      Kent Stand-Alone Building For Sale

      Stand-alone building suitable for manufacturing and distribution with income potential.
      22645 76Th Ave S, Kent, WA 98032
      View Details
    • $1,495,000

      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
      24,240 SF

      Kent Mixed-Use Commercial Lot

      24,246 Sq Ft lot with 2,438 Sq Ft building.
      408 Central Ave N, Kent, WA 98032
      View Details
    • Contact for pricing
      43,799 SF

      Kent Warehouse with Cooler Space

      43,799 SF warehouse with cooler, dock, and grade-level loading.
      7327 S 228Th St, Kent, WA 98032
      View Details
    • Contact for pricing
      1,888 SF

      Kent IOS Owner-User Opportunity

      Kent property suitable for owner-user, offered for sale.
      26301 79Th Ave S, 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

    Similar Nearby for Lease

    • Contact for pricing

      High Image Industrial Park

      Industrial park with loading docks and highway access for lease.
      25316-25530 74Th Ave S, Kent, WA 98032
      View Details
    • Contact for pricing

      Kent Commercial Lot with Building

      24,246 Sq Ft lot with 2,438 sq ft building.
      408 Central Ave N, Kent, WA 98032
      View Details
    • Contact for pricing
      4,667 SF

      Kent Flex Space Available

      2,677 SF flex space with yard in Kent, WA.
      1501-1531 Central Ave S, Kent, WA 98032
      View Details
    • Contact for pricing
      43,796 SF

      Kent Warehouse Space Available

      43,796 SF warehouse space for lease in Kent, WA.
      20208 72Nd Ave S, Kent, WA 98032
      View Details
    • Contact for pricing

      Kent Flex Space Available Now

      2,216 SF flex space with office and grade-level loading.
      19649-19657 70Th Ave S, Kent, WA 98032
      View Details
    • Contact for pricing
      97,548 SF

      Kent Warehouse with Rail Access

      97,548 SF warehouse with rail access, available now.
      7901 S 190Th 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.
    1216 4th N Ave
    Kent, WA 98032-2940
    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

    Thank You for Inquiry
    1216 4th N Ave, Kent, WA, 98032
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!