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Property profile & analytics
OFF-MARKET
Estimated value
$6,395,000
Warehouses
1721 Central S Ave Kent, WA 98032-7415
Entity Owned
Free & Clear
Property ID
US90-1673146
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1987
Construction
WOOD
Total area
62,572 SF
Lot
4.56 ac (198,755 SF)
Zoning code
CM
APN
346280-0175
UPID
US90-1673146
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
-
STUDIO 37 DESIGNS, INC. Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Lazer-Xpress Print & Copy Center Marketing & Advertising Printing Service
-
Affordable Self Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.40M
Owner & transaction history
King County
King County
since 2026
Last sale
$12,200
7 recorded transactions
Zoning & alternative use
CM · Kent, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
It is the purpose of the CMdistrictto provide locations for those types of developments which combine some characteristics of both retail establishments and small scale, light industrial operations, heavy commercial and wholesaleuses, and specialty manufacturing
Zone name
Commercial Manufacturing
General category
INDUSTRIAL
Zone area
357.89 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$102 / 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
$108,163
Tax year 2022
Assessed value
$9,735,500
Assessed 2022
Previous assessed
$9,735,500
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$2,981,300
Assessed improvement
$6,754,200
Land market value
$2,981,300
Improvement market value
$6,754,200
Total market value
$9,735,500
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1987
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Total area
62,572 SF
Lot
4.56 ac (198,755 SF)
Zoning code
CM
APN
346280-0175
UPID
US90-1673146
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CM · Kent, WAZoning CM · permitted uses
CM · Kent, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
It is the purpose of the CMdistrictto provide locations for those types of developments which combine some characteristics of both retail establishments and small scale, light industrial operations, heavy commercial and wholesaleuses, and specialty manufacturing
Zone name
Commercial Manufacturing
General category
INDUSTRIAL
Zone area
357.89 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1987
Construction
WOOD
Heating
NONE
Stories
1
Buildings
2
Lot
4.56 ac
Current owner
From public records · entity-resolved
King County
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 13270, EVERETT, WA 98206-3270
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 22, 2026
$12,200
King County
Affordable Self Storage Kent LLC
Warranty Deed
—
Jan 9, 2020
—
Affordable Self Storage Kent L
—
Deed
related
$4,925,000 · Miscellaneous Ins Co
Aug 26, 2013
—
Self Storage-kent L Affordable
Skol Properties & Invs LLC
Warranty Deed
$2,900,000 · First Savings Bank
Jan 27, 1998
—
Properties Skol
Skold,douglas E
Quit Claim Deed
related
$15,275,000 · Heller Financial
May 10, 1996
$2,725,000
Properties Skol
Strathy Trust
Grant Deed
$2,136,984 · Frontier Bank
Jul 18, 1991
$2,650,000
Don B Strathy
Moore,raymond L&
Grant Deed
—
—
—
Skol Properties & Invs LLC
—
Deed Of Trust
related
$2,000,000 · Riverview Community Bank
—
—
Affordable Self Storage Kent L
—
Deed Of Trust
related
$4,925,000 · Miscellaneous Ins Co
—
—
Skol Properties & Invs LLC
—
Deed Of Trust
related
$2,300,000 · First Mutual Bank
—
—
Skol Properties & Invs LLC
—
Deed Of Trust
related
$3,210,000 · First Mutual Bank
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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