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Property profile & analytics
FOR LEASE
Retail space
1404 Central Ave S, Kent, WA 98030
Entity Owned
14-yr Hold
Free & Clear
Property ID
US90-1200877
For Lease
1 / 3
$15 SF/Yr
1404 Central Ave S, Kent, WA 98030
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
25,725 SF
Lot
1.97 ac (85,850 SF)
Zoning code
CM
APN
346280-0221
UPID
US90-1200877
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
New Destiny Christian Center Church Mosque
-
King County Wic Clinic County Government Office
-
Yaran Market Grocery & Convenience Store Food Market
-
Shannon K. Thompson, RC Counselor Doctor
-
Bade Thomas A Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.81M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.11M
Owner & transaction history
Alco Alder Square LLC · 14 yrs held
Alco Alder Square LLC
since 2011
6 recorded transactions
Zoning & alternative use
CM · Kent, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Kent submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kent submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$6,295,000
6.5%
$5,810,000
7%
$5,395,000
Blend value · Realmo final
$5.11M
Range $4.60M – $5.62M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$199 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$54,008
Tax year 2022
Assessed value
$5,027,400
Assessed 2022
Previous assessed
$5,027,400
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$1,287,700
Assessed improvement
$3,739,700
Land market value
$1,287,700
Improvement market value
$3,739,700
Total market value
$5,027,400
Applied tax rate
1,526.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Total area
25,725 SF
Lot
1.97 ac (85,850 SF)
Zoning code
CM
APN
346280-0221
UPID
US90-1200877
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CM · Kent, WA
Zoning CM · permitted uses
CM · Kent, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kent. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Lot
1.97 ac
Current owner
From public records · entity-resolved
Alco Alder Square LLC
Entity
Free & Clear · 14 yrs held
Mailing address
PO BOX 3558, FEDERAL WAY, WA 98063-3558
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 19, 2024
—
Alco Alder Square LLC
—
Deed
related
$3,750,000 · Umpqua Bank
Nov 23, 2011
—
Alco Alder Square LLC
Bellagio LLC
Grant Deed
—
May 14, 2001
$17,420
Bellagio LLC
Surridge Alder Square LLC
Quit Claim Deed
related
—
Oct 16, 2000
$3,150,000
Bellagio LLC
Davis,william A & Roxanne E
Trustees Deed
—
Oct 13, 2000
—
William A Davis
Alder Square Associates
Quit Claim Deed
related
—
—
—
Surridge Alder Square LLC
—
Deed Of Trust
related
$2,350,000 · Archon Financial LP
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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