Financial
Distress signals
Property profile

13215 SE 240Th St Kent, WA 98042

FOR LEASE
Other commercial real estate
Property ID
US90-3305635
8,760 SF 2.22 ac lot Built 1984
Last sale Oct 2022 · $7,200,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property at 13215 SE 240th St in Kent, Washington is a retail space with approximately 1,029 square feet of interior area, configured for retail use.

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 · 2022

What does the county charge?
$54k
Tax billed · 2022
Assessed value$5.00M
Assessed land$1.89M
Assessed improvement$3.12M
Effective rate1.09%

Value estimate

· Sep 2026
$6.42M
$5.77M – $7.06M
AI approach$6.52M
Submarket $/SF estimate$4.26M

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$346/SF
Submarket average, outlier-cleaned · 36 recorded sales of this use type
Observed band · Q1–Q3$101 – $486
Qualifying comparables6

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?
CC
The purpose of the CCdistrictis to provide areas for limited commercial activities that serve several residential neighborhoods
General categoryCOMMERCIAL
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 agency28.0
Law Firm25.1
Restaurant21.4

Location

13215 SE 240Th St Kent, WA 98042
County assessor Recorded deeds · 9 transfers 6 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 · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
17615 272nd, Covington, WA 98042-4957 $4,100,000 Jan 2026 11,484 SF
27081 185th SE, Covington, WA 98042-8448 $37,370,564 Nov 2019 9,560 SF
27177 185th SE, Covington, WA 98042-8455 $37,370,564 Nov 2019 7,996 SF
27115 185th SE, Covington, WA 98042-8449 $37,370,564 Nov 2019 11,080 SF
27149 185th SE, Covington, WA 98042-8423 $37,370,564 Nov 2019 18,088 SF
27116 167th SE, Covington, WA 98042-7341 $25,032,000 Sep 2019 13,324 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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