Financial
Distress signals
Property profile

1240 Meeker St Kent, WA 98032

OFF-MARKET
Drive through restaurants
Property ID
US90-0827981
3,663 SF 0.51 ac lot Built 1998
Last sale Jul 1999 · $1,300,000
Individually Owned Owner of record is an individual. 27-yr Hold Held for 27 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. 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 · 2024

What does the county charge?
$19k
Tax billed · 2024
Assessed value · 2023$1.66M
Assessed land$451k
Assessed improvement$1.20M
Effective rate1.15%

Value estimate

· Sep 2026
$580k
$522k – $638k
AI approach$385k
Submarket $/SF estimate$779k

Realmo valuation models over county records and 11 qualifying comparable sales.

Recently sold

What actually traded nearby?
$531/SF
County average, outlier-cleaned · 227 recorded sales of this use type
Observed band · Q1–Q3$245 – $915
Qualifying comparables11

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?
GC-MU
The purpose and intent of the general commercial district is to provide for the location of commercial areas developed along certain majo...
General categoryMIXED_USE
JurisdictionKING

Location intelligence

Which uses thrive at this corner?
Best fit: Storage Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Storage Facility13.6
Veterinary Clinic10.7
Hotel & Motel9.8

Location

1240 Meeker St Kent, WA 98032-4322
County assessor Recorded deeds · 8 transfers 11 qualifying comp sales 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 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
806 Central S, Kent, WA 98032-6107 $1,000,000 Dec 2025 3,040 SF
22442 84th S, Kent, WA 98032-2491 $2,200,000 Jun 2025 3,496 SF
1617 Meeker, Kent, WA 98032-4396 $1,400,000 Nov 2024 3,990 SF
1637 Meeker, Kent, WA 98032-4396 $2,500,000 Mar 2024 3,920 SF
21218 84th S, Kent, WA 98032-1967 $5,102,408 Dec 2023 4,212 SF
6331 212th, Kent, WA 98032-2333 $6,000,000 Jul 2023 4,604 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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