Financial
Distress signals
Property profile

1221 2nd N Ave Kent, WA 98032

OFF-MARKET
Parking lots & garages
Property ID
US90-2052008
1.4 ac lot
Last sale Dec 2002 · $1,600,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 23-yr Hold Held for 23 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?

$15k
Tax billed · 2022
Assessed value$1.45M
Assessed land$1.45M
Effective rate1.01%
Value estimate · Sep 2026
$355k
$320k – $391k
AI approach$355k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?

$1,114/SF
County average, outlier-cleaned · 41 recorded sales of this use type
Observed band · Q1–Q3$263 – $2,551
Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?

I2
The I2 mixed industrialdistrictis intended to accommodate a range of small, moderate and large scale industrialusesand activities with mo...
General categoryINDUSTRIAL
JurisdictionKING
Location intelligence

Which uses thrive at this corner?

Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency10.2
Hair Salon9.0
Nail Salon8.7

Location

1221 2nd N Ave Kent, WA 98032-2945
County assessor Recorded deeds · 1 transfer Comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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More about this property
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