Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1428 W Meeker St Kent, WA 98032
    Back to Search
    Property profile & analytics

    1428 W Meeker St Kent, WA 98032

    View on Map
    • Commercial real estate
    • 5,880 SF
    • 0.65 lot acres
    For Lease
    View Listing →
    Retail Space For Lease For Lease
    Contact for pricing

    Retail Space For Lease

    Retail space available for lease in Kent, Washington.

    1428 W Meeker St, Kent, WA 98032
    View Listing
    Property ID
    US90-0724159
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Kent Pavers / General Contractor / Construction Company
    • E Z Tobacco Plus / (Bike/Boat/Book/etc) Store
    • Asian table / Restaurant
    • Discount Chimney Sweep & Dryer Vent Cleaning, Repair Parts / General Contractor / Renovation Specialist
    • Dickey's Barbecue Pit / Restaurant

    Property Details for 1428 W Meeker St

    Year built
    2003
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.65 lot acres
    Property size
    5,880 SF
    Zone code
    GC-MU
    Property type
    Commercial real estate
    APN
    543620-0600
    APU
    5436200600

    Description

    This exceptional retail opportunity is located in King County's vibrant 64th & Meeker area. The property consists of two single-story buildings totaling 8,900 square feet, constructed in 2003. Currently, there is 1,480 square feet of retail space immediately available for lease, perfect for a variety of businesses. The property boasts ample parking with 50 spaces available for customers and employees. The buildings are zoned MC, offering flexibility for a range of retail uses. This is an ideal location for businesses seeking high visibility and convenient access for their customers. The existing infrastructure is well-maintained, providing a move-in ready space. The property's multi-tenant configuration offers a strong sense of community and shared amenities. With its prime location and substantial square footage, this property presents a unique opportunity for growth and success. The available space is ready for immediate occupancy, allowing for a quick start to your business operations. Don't miss this chance to secure a prominent retail presence in a thriving King County market. Contact us today to schedule a viewing and explore the possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Kent
    County
    King
    State
    Washington
    Longitude
    -122.253
    Latitude
    47.3808
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $17,321
    $577,000
    $1,047,200
    $1,624,200
    -
    $577,000
    $1,047,200
    $1,624,200

    Comparable in this City

    • Value Estimation
      $24,700,000
      141,066 SF

      8301 180th St

      SHOW ROOM, WAREHOUSE • 141,066 SF
      8301 180th St, Kent, WA 98032-1000
      View Details
    • Value Estimation
      $930,000
      2,940 SF

      106 Central N Ave

      COMMERCIAL (GENERAL) • 2,940 SF
      106 Central N Ave, Kent, WA 98032-4521
      View Details
    • Value Estimation
      $38,880,000
      830,533 SF

      21005 59th S Pl

      SHOW ROOM, WAREHOUSE • 830,533 SF
      21005 59th S Pl, Kent, WA 98032
      View Details
    • Value Estimation
      $30,080,000
      225,000 SF

      8051 198th St

      SHOW ROOM, WAREHOUSE • 225,000 SF
      8051 198th St, Kent, WA 98032-1187
      View Details
    • Value Estimation
      $2,675,000
      6,541 SF

      316 Harrison St

      COMMERCIAL (GENERAL) • 6,541 SF
      316 Harrison St, Kent, WA 98032-4476
      View Details
    • Value Estimation
      $1,240,000
      6,966 SF

      23250 Pacific S Hwy

      COMMERCIAL (GENERAL) • 6,966 SF
      23250 Pacific S Hwy, Kent, WA 98032-2722
      View Details

    Similar Nearby for Sale

    • $2,800,000
      0.13 Acres

      Kent Mixed-Use Investment Property

      High-yield, 9-unit building near Kent Station.
      100 Railroad Ave, Kent, WA 98032
      View Details
    • Contact for pricing
      14,700 SF

      Kent Multifamily Investment Opportunity

      Two well-maintained 4-plexes in Kent, Washington for sale.
      4807 S 252Nd Pl, Kent, WA 98032
      View Details
    • Contact for pricing

      Transit-Oriented Development Land in Kent

      High-density TOD land near Kent/Des Moines Link light rail.
      23826 Pacific Hwy S Kent, Kent, WA 98032
      View Details
    • Contact for pricing

      Prime Corner Lot Opportunity

      Commercial opportunity on Central Ave, Kent, with mixed-use zoning.
      418 Central Ave N, Kent, WA 98032
      View Details
    • Contact for pricing
      24,240 SF

      Kent Mixed-Use Commercial Lot

      24,246 Sq Ft lot with 2,438 Sq Ft building.
      408 Central Ave N, Kent, WA 98032
      View Details
    • $6,500,000

      Development Opportunity Near Light Rail

      Land suitable for mixed-use development near Kent Des Moines station.
      24202 Pacific Hwy S, Kent, WA 98032
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Kent Retail Box Opportunity

      23,867 SF retail space in Woodmont Plaza, Kent, WA.
      26200 Pacific Hwy S, Kent, WA 98032
      View Details
    • Contact for pricing

      Office Space in Kent, WA

      Office space for lease in Kent, Washington.
      20425 72Nd Ave S, Kent, WA 98032
      View Details
    • Contact for pricing
      43,220 SF

      Kent Valley Business Park Space

      Professionally managed warehouse space in the heart of Kent Valley.
      8001 S 224Th St, Kent, WA 98032
      View Details
    • Contact for pricing
      57,546 SF

      Kent Industrial Space Available

      Industrial property with 57,546 square feet available for rent.
      20021 59Th Pl S, Kent, WA 98032
      View Details
    • Contact for pricing
      2,597 SF

      Kent Warehouse Space Available

      2,597 SF shell warehouse space in Kent, Washington.
      19717 62Nd Ave S, Kent, WA 98032
      View Details
    • Contact for pricing
      6,797 SF

      Kent Flex Space Available

      Flex spaces available in Kent, Washington, with M3 zoning.
      7405 South 212Th St, Kent, WA 98032
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1428 W Meeker St
    Kent, WA 98032
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1428 W Meeker St, Kent, WA, 98032
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!