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Property profile & analytics
OFF-MARKET
Estimated value
$10,015,000
Retail space
1415 Central S Ave, Kent, WA 98032-7421
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-1194273
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,000 SF
Lot
3.01 ac (131,115 SF)
Zoning code
CM
APN
346280-0140
UPID
US90-1194273
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
-
NAPA Auto Parts Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.65M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.02M
Owner & transaction history
1407 Kent Storage LLC · 4 yrs held
1407 Kent Storage LLC
since 2021
Last sale
$10.7M
7 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
$9,915,000
ML approach
$8,650,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$10.02M
Range $9.01M – $11.02M · ±10% · vs last sale $10.75M (Jul 12 2021)
Last sale anchor
$10.75M
Jul 12 2021
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
$1,669 / 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
$103,060
Tax year 2022
Assessed value
$9,497,600
Assessed 2022
Previous assessed
$9,497,600
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$1,966,700
Assessed improvement
$7,530,900
Land market value
$1,966,700
Improvement market value
$7,530,900
Total market value
$9,497,600
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
Off-Market
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Buildings
3
Stories
1
Bathrooms
1
Total area
6,000 SF
Lot
3.01 ac (131,115 SF)
Zoning code
CM
APN
346280-0140
UPID
US90-1194273
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
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Buildings
3
Bathrooms
1
Lot
3.01 ac
Current owner
From public records · entity-resolved
1407 Kent Storage LLC
Entity
Mailing address
3106 SUMNER TAPPS HWY E STE A, LAKE TAPPS, WA 98391-6716
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2021
—
1407 Central Ave South LLC
—
Deed
related
$7,042,000 · Kitsap Bank
Jul 12, 2021
$10,746,000
1407 Kent Storage LLC
Gw 1407 Kent Storage LLC
Warranty Deed
—
Nov 26, 2018
—
1407 Kent Storage LLC
—
Deed
related
$7,000,000 · Readycap Com'l
Jun 26, 2017
$6,749,000
1407 Kent Storage LLC
Idc Enterprises
Bargain And Sale Deed
$5,200,000 · Washington Trust Bank
May 10, 2001
—
Idc Enterprises
—
Trustees Deed
related
$1,700,000 · Us Bank NA
Feb 17, 1999
$570,000
Idc Enterprises
John M Obenchain Estate
Grant Deed
—
—
—
1407 Kent Storage LLC
—
Deed Of Trust
related
$7,000,000 · Readycap Com'l
—
—
Idc Enterprises
—
Deed Of Trust
related
$1,700,000 · Us Bank NA
—
—
Idc Ents
—
Deed Of Trust
related
$1,421,848 · Us Bank NA
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.
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