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Property profile & analytics
OFF-MARKET
Estimated value
$2,015,000
Grocery and convenience stores
1809 Meeker St, Kent, WA 98032-4793
Entity Owned
4-yr Hold
Free & Clear
Property ID
US90-3228997
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1987
Construction
WOOD
Total area
2,470 SF
Lot
0.48 ac (21,000 SF)
Zoning code
GC-MU
APN
232204-9074
UPID
US90-3228997
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
-
Arco Gas Station
-
Porter's Grocery & Convenience Store
-
Amazon Locker - Saim Postal Service Courier Service
-
Circle K Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.02M
Owner & transaction history
Circle K Stores INC · 4 yrs held
Circle K Stores INC
since 2021
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
GC-MU · 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
$2,085,000
ML approach
$2,100,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.02M
Range $1.81M – $2.22M · ±10% · vs last sale $1.93M (Oct 1 2021)
Last sale anchor
$1.93M
Oct 1 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
$816 / 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
$18,555
Tax year 2022
Assessed value
$1,814,700
Assessed 2022
Previous assessed
$1,814,700
+0.0% YoY
Effective rate
1.02%
On assessed value
Assessed land
$425,200
Assessed improvement
$1,389,500
Land market value
$425,200
Improvement market value
$1,389,500
Total market value
$1,814,700
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1987
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Total area
2,470 SF
Lot
0.48 ac (21,000 SF)
Zoning code
GC-MU
APN
232204-9074
UPID
US90-3228997
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
GC-MU · Kent, WA
Zoning GC-MU · permitted uses
GC-MU · 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
1987
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Lot
0.48 ac
Current owner
From public records · entity-resolved
Circle K Stores INC
Entity
Free & Clear · 4 yrs held
Mailing address
255 E RINCON ST STE #100, CORONA, CA 92879-1368
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2021
$1,934,983
Circle K Stores INC
Ars Fresno LLC
Special Warranty Deed
—
Sep 12, 2019
$3,700,000
Ars-fresno LLC
Nekp INC
Grant Deed
$2,550,000 · Unibank
Aug 30, 2018
$1,800,000
Nekp INC
Kuo,ming T
Warranty Deed
$1,740,000 · Bank Of Hope
Dec 21, 2007
$2,000,000
Ming T Kuo
Irc Iinc
Warranty Deed
$1,000,000 · Key Bank NA
Aug 4, 1999
$1,200,000
Irc INC
Atlantic Richfield Co
Grant Deed
$909,967 · Key Bank NA
Feb 29, 1988
$660,000
Atlantic Richfield Company
Franko Oil Co
Grant Deed
—
—
—
Ming T Kuo
—
Deed Of Trust
related
$600,000 · Bp West Coast Products LLC
—
—
Irc INC
—
Deed Of Trust
related
$875,000 · 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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