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Property profile & analytics
FOR SALE
Turn key restaurants
21224 84Th Ave S, Kent, WA 98032
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-0738258
For Sale
1 / 11
$150,000
21224 84Th Ave S, Kent, WA 98032
View Listing →
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,212 SF
Lot
5.13 ac (223,436 SF)
Zoning code
I1
APN
072205-9101
UPID
US90-0738258
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
-
Valley Self Storage Storage Facility
-
212th Plaza Business Service Center Corporate Office
-
U-Haul Neighborhood Dealer Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.13M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.85M
Blend (final)
Blend
$5.05M
Owner & transaction history
Urban Mt Vernon LLC · 2 yrs held
Urban Mt Vernon LLC
since 2023
Last sale
$5.1M
7 recorded transactions
Zoning & alternative use
I1 · 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
$4,865,000
ML approach
$5,130,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.05M
Range $4.55M – $5.56M · ±10% · vs last sale $5.10M (Dec 19 2023)
Last sale anchor
$5.10M
Dec 19 2023
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
$1,199 / 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
$159,353
Tax year 2022
Assessed value
$14,544,800
Assessed 2022
Previous assessed
$14,544,800
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$5,362,400
Assessed improvement
$9,182,400
Land market value
$5,362,400
Improvement market value
$9,182,400
Total market value
$14,544,800
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
Turn key restaurants
Use group
RESTAURANT
Status
For Sale
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
6
Stories
1
Bathrooms
1
Total area
4,212 SF
Lot
5.13 ac (223,436 SF)
Zoning code
I1
APN
072205-9101
UPID
US90-0738258
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
I1 · Kent, WA
Zoning I1 · permitted uses
I1 · 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
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Buildings
6
Bathrooms
1
Lot
5.13 ac
Current owner
From public records · entity-resolved
Urban Mt Vernon LLC
Entity
Ownership since
2023
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
Feb 20, 2024
—
Urban Valley Self Storage & 212th R
—
Deed
related
$7,100,000 · Peoples Bank
Dec 19, 2023
$5,102,408
Urban Mt Vernon LLC
212th Plaza & Storage LLC
Warranty Deed
—
Jan 14, 2019
—
212th Plaza & Storage LLC
—
Deed
related
$6,391,082 · Preferred Bk
Oct 31, 2017
$9,306,600
212th Plaza & Storage LLC
Tiffany Family Trust INC
Warranty Deed
$6,500,000 · Preferred Bank
—
—
212th Plaza & Storage LLC
—
Loan Modification
related
$6,391,082 · Preferred Bk
—
—
Tiffany Family Trust Corp
—
Deed Of Trust
related
$6,500,000 · Key Bank NA
—
—
Tiffany Family Trust INC
—
Deed Of Trust
related
$500,000 · Delos & Judi Dunn
—
—
Tiffany Family Trust Corp
—
Deed Of Trust
related
$3,120,000 · Washington Mutual Fsb
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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