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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    17633 301st St Kent, WA 98042-5715

    • Parking lots & garages
    • 0.28 lot acres
    OFF-MARKET
    Last Sale
    May 09, 2022
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-2552631
    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.

    Current Use by Public Records

    • Parking lots & garages

    Property Details for 17633 301st St

    Lot size
    0.28 lot acres
    Zone code
    I2
    Property type
    Parking lots & garages
    APN
    122204-9065
    APU
    1222049065

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Kent
    County
    King
    State
    Washington
    Longitude
    -122.228
    Latitude
    47.4099
    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
    $2,991
    $296,000
    $0.00
    $296,000
    -
    $296,000
    $0.00
    $296,000

    Comparable in this City

    • Value Estimation
      $895,000
      1,400 SF

      Kent, WA 98042

      PARKING LOT • 1,400 SF
      Kent, WA 98042
      View Details
    • Value Estimation by Request
      900 SF

      26810 180th SE Ave

      PARKING GARAGE, PARKING STRUCTURE • 900 SF
      26810 180th SE Ave, Covington, WA 98042-4921
      View Details
    • Value Estimation by Request
      3.88 Acres

      Kent, WA 98042

      PARKING LOT • 3.88 Acres
      Kent, WA 98042
      View Details
    • Value Estimation by Request
      1,080 SF

      Covington, WA 98042

      PARKING LOT • 1,080 SF
      Covington, WA 98042
      View Details
    • Value Estimation by Request
      880 SF

      15634 272nd St

      PARKING LOT • 880 SF
      15634 272nd St, Covington, WA 98042-4416
      View Details
    • Value Estimation
      $870,000
      3,780 SF

      21006 132nd SE Ave

      PARKING GARAGE, PARKING STRUCTURE • 3,780 SF
      21006 132nd SE Ave, Kent, WA 98042-3103
      View Details

    Similar Nearby for Sale

    • $4,400,000

      Covington Plaza Retail Opportunity

      High-quality retail center with long-standing tenants for sale.
      17625 SE 272Nd St, Covington, WA 98042
      View Details
    • Contact for pricing
      19.74 Acres

      Covington Industrial Center

      93,600 SF Industrial Building, 19.74 Acres
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    • $1,500,000
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      Professional Office Land Available

      Land with permits imminent, adjacent to Walmart entrance.
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    • $769,000

      Land in Town Center Zoning

      Land suitable for day care, office, or mixed-use development.
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    • $99,950
      721 SF

      Remodeled Single-Wide Home with Sunroom

      Remodeled single-wide home featuring new appliances, sunroom, and walking trail.
      15232 SE 272Nd St, Kent, WA 98042
      View Details
    • $279,500
      2.51 Acres

      Kent 2.51-Acre Residential Land

      Build your dream home on this peaceful, fenced lot.
      228xx 178Th Ave, Kent, WA 98042
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    Similar Nearby for Lease

    • Contact for pricing
      2,043 SF

      Retail Space in Covington, WA

      Retail property available for lease in Covington, Washington.
      27027-27193 185Th Ave SE, Covington, WA 98042
      View Details
    • Contact for pricing
      1,531 SF

      Retail Space in Kent, WA

      Retail space available for rent in Kent, Washington.
      16735 SE 272Nd St, Kent, WA 98042
      View Details
    • Contact for pricing
      4,500 SF

      Retail Space in Covington Center

      Well-maintained retail center with available space for lease.
      17115 SE 270Th Pl, Covington, WA 98042
      View Details
    • $30 SF/Yr
      18,872 SF

      Kent Retail Space For Lease

      Retail spaces available in Kent's Lake Meridian Station.
      15423 SE 272Nd St, Kent, WA 98042
      View Details
    • $36 SF/Yr
      8,178 SF

      Meridian South Retail Center Spaces

      Kent, WA retail space: 1,000-6,037 sq ft available.
      15610 272Nd St, Kent, WA 98042
      View Details
    • $35 SF/Yr
      1,400 SF

      Retail Space in Covington Place

      Prime retail space in a high-traffic Covington location.
      27116 168Th Ave SE, Covington, WA 98042
      View Details
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    17633 301st St
    Kent, WA 98042-5715
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    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
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