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

    20435 84th S Ave Kent, WA 98032-1239

    • Distribution centers
    • 38,355 SF
    • 13.63 lot acres
    OFF-MARKET
    Value Estimations
    $5,645,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-0980804
    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

    • V.M.Auto Repair / Auto Repair Shop
    • barber and styling TL / Barber Shop

    Property Details for 20435 84th S Ave

    Year built
    1986
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    13.63 lot acres
    Property size
    38,355 SF
    Zone code
    I2
    Property type
    Distribution centers
    APN
    062205-9032
    APU
    622059032

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $7,400,000
      6.5%
      $6,830,000
      7%
      $6,345,000

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $9,180,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Kent
    County
    King
    State
    Washington
    Longitude
    -122.227
    Latitude
    47.4172
    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
    $431,807
    $13,355,900
    $26,275,900
    $39,631,800
    -
    $13,355,900
    $26,275,900
    $39,631,800

    Comparable in this City

    • Value Estimation
      $2,400,000
      20,632 SF

      710 Washington N Ave

      DISTRIBUTION WAREHOUSE • 20,632 SF
      710 Washington N Ave, Kent, WA 98032-2918
      View Details
    • Value Estimation
      $5,570,000
      47,321 SF

      5920 194th St

      DISTRIBUTION WAREHOUSE • 47,321 SF
      5920 194th St, Kent, WA 98032-1196
      View Details
    • Value Estimation
      $17,730,000
      157,520 SF

      7008 212th St

      DISTRIBUTION WAREHOUSE • 157,520 SF
      7008 212th St, Kent, WA 98032-1350
      View Details
    • Value Estimation
      $8,625,000
      59,300 SF

      6807 216th St

      DISTRIBUTION WAREHOUSE • 59,300 SF
      6807 216th St, Kent, WA 98032-2440
      View Details
    • Value Estimation
      $13,910,000
      109,352 SF

      6006 228th St

      DISTRIBUTION WAREHOUSE • 109,352 SF
      6006 228th St, Kent, WA 98032-1806
      View Details
    • Value Estimation
      $12,110,000
      107,440 SF

      19305 72nd S Ave

      DISTRIBUTION WAREHOUSE • 107,440 SF
      19305 72nd S Ave, Kent, WA 98032-3100
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      29,374 SF

      Kent Industrial Facility For Sale

      29,374 SF industrial facility in Kent, Washington for sale.
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      Industrial Space Near Amazon Center

      Industrial suite with office space, dock doors, and high visibility.
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      113,600 SF

      Kent Warehouse Space Available

      Available warehouse space in Kent, Washington.
      22441-22445 76Th Ave S, Kent, WA 98032
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    • $16,200,000

      Kent Industrial Building For Sale

      65,858 SF industrial building with freeway access in Kent.
      7036 S 190Th St, Kent, WA 98032
      View Details
    • $16,200,000
      65,858 SF

      Kent Warehouse with Freeway Access

      65,858 SF warehouse with office space and convenient access.
      7036-7048 S 190Th St, Kent, WA 98032
      View Details

    Similar Nearby for Lease

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      771,882 SF

      771,882 SF Logistics Park

      Class A logistics park with excellent access to transportation.
      6610 South 199Th Pl, Kent, WA 98032
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      170,000 SF

      Mill Creek Distribution Center: 102,429 SF

      Large warehouse space available; ideal for distribution.
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      402,760 SF

      Kent West Corporate Park: Industrial Space

      Prime Kent Valley industrial space; 47,821 SF available.
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      View Details
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      3,200 SF

      Davis Commerce Center: Kent Industrial Space

      1-Story Manufacturing/Warehouse, 3200 sqft
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      View Details
    • $18 SF/Yr
      95,972 SF

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      Office Units • 95,972 SF
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      View Details
    • Contact for pricing
      64,319 SF

      Kent Warehouse with High Clearance

      64,319 SF warehouse with 52' clearance near SR 167.
      22408-22434 76Th Ave S, Kent, WA 98032
      View Details
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    Kent, WA 98032-1239
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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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