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Property profile & analytics
OFF-MARKET
Estimated value
$1,325,000
Commercial real estate
204 Central N Ave Kent, WA 98032-4543
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US90-1481224
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2010
Construction
WOOD
Total area
5,568 SF
Lot
0.38 ac (16,416 SF)
Zoning code
GC-MU
APN
917960-1255
UPID
US90-1481224
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
-
Farmers Insurance - Marisela Ibarra Insurance Agency
-
Kimberly Does Lashes Hair Salon
-
International Groceries & Meat Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.33M
Comparable Approach
Comparable
$1.02M
Blend (final)
Blend
$1.33M
Owner & transaction history
City Of Kent · 17 yrs held
City Of Kent
since 2009
5 recorded transactions
Zoning & alternative use
GC-MU · Kent, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose and intent of the general commercial district is to provide for the location of commercial areas developed along certain major thoroughfares to provide use incentives and development standards and to provide for a range of trade, service, entertainment, and recreation land uses which occur adjacent to major traffic arterials and residential uses.…
Zone name
General Commercial And Mixed Use
General category
MIXED_USE
Zone area
321.57 ac
Source
Realmo
Top alternative use upside
Medical building
$2.2M
+28.2%
Retail stores
$2.2M
+27.3%
Industrial (general)
$2.1M
+23.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,440,000
6.5%
$1,330,000
7%
$1,235,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,715,000
Current use
MEDICAL BUILDING
$2,200,000
Change: +28% · Conversion: Easy
RETAIL STORES
$2,185,000
Change: +27% · Conversion: Easy
INDUSTRIAL (GENERAL)
$2,125,000
Change: +24% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,930,000
Change: +13% · Conversion: Moderate
OFFICE BUILDING
$1,450,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$1.33M
Range $1.19M – $1.46M · ±10%
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
$238 / 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
$24,628
Tax year 2022
Assessed value
$2,345,000
Assessed 2022
Previous assessed
$2,345,000
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$328,300
Assessed improvement
$2,016,700
Land market value
$328,300
Improvement market value
$2,016,700
Total market value
$2,345,000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2010
Construction
WOOD
Heating
CENTRAL
Buildings
2
Stories
1
Bathrooms
2
Total area
5,568 SF
Lot
0.38 ac (16,416 SF)
Zoning code
GC-MU
APN
917960-1255
UPID
US90-1481224
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
GC-MU · Kent, WAZoning 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
Zoning description
The purpose and intent of the general commercial district is to provide for the location of commercial areas developed along certain major thoroughfares to provide use incentives and development standards and to provide for a range of trade, service, entertainment, and recreation land uses which occur adjacent to major traffic arterials and residential uses. It is also the purpose of this district to provide opportunities for mixed use development within the designated mixed use overlay boundary, as designated by the comprehensive plan
Zone name
General Commercial And Mixed Use
General category
MIXED_USE
Zone area
321.57 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$2.2M
RETAIL STORES
Est. value
$2.2M
INDUSTRIAL (GENERAL)
Est. value
$2.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.9M
OFFICE BUILDING
Est. value
$1.5M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
RETAIL STORES
INDUSTRIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2010
Construction
WOOD
Heating
CENTRAL
Stories
1
Buildings
2
Bathrooms
2
Lot
0.38 ac
Current owner
From public records · entity-resolved
City Of Kent
Entity
Mailing address
28623 13TH AVE S, FEDERAL WAY, WA 98003-3150
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 29, 2021
—
Chin Dean Su
—
Deed
related
$1,300,000 · First Financial Northwest Bank
Sep 25, 2009
—
Su C Dean
—
Deed Of Trust
related
$1,500,000 · First Savings Bank
Jun 17, 2009
—
City Of Kent
Dean,su C
Quit Claim Deed
related
—
Jul 21, 2005
$210,000
Su C Dean
Multicare Health System
Warranty Deed
—
Mar 5, 1993
$100,000
Kent Medical Center INC
Gooding,james&ch
Grant Deed
$88,000 · Seller
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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