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Property profile & analytics
FOR LEASE
Retail space
213 1St Ave S Kent, WA 98032
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US90-0281638
For Lease
1 / 9
$20 SF/Yr
213 1St Ave S, Kent, WA 98032
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1909
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,275 SF
Lot
0.07 ac (3,000 SF)
Zoning code
DC
APN
982570-0120
UPID
US90-0281638
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$685k
Owner & transaction history
Dtc Properties LLC · 7 yrs held
Dtc Properties LLC
since 2018
7 recorded transactions
Zoning & alternative use
DC · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$160 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$6,556
Tax year 2024
Assessed value
$536,200
Assessed 2023
Previous assessed
$536,200
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$75,000
Assessed improvement
$461,200
Land market value
$75,000
Improvement market value
$461,200
Total market value
$536,200
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1909
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
2
Total area
4,275 SF
Lot
0.07 ac (3,000 SF)
Zoning code
DC
APN
982570-0120
UPID
US90-0281638
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
DC · Kent, WA
Zoning DC · permitted uses
DC · 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
1909
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
2
Lot
0.07 ac
Current owner
From public records · entity-resolved
Dtc Properties LLC
Entity
Mailing address
213 1ST AVE S, KENT, WA 98032-5955
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2018
—
Dtc Properties LLC
Chan,moon
Quit Claim Deed
related
—
Jul 27, 2015
$237,500
Marshall 213 LLC
Svendson,beth A
Warranty Deed
$244,280 · Homestreet Bank
Jun 8, 2015
—
Beth A Svendson
Mcelheran LLC
Quit Claim Deed
related
—
Jul 6, 2001
—
Mcelheran LLC
Mcelheran,beth A & Audrey J
Quit Claim Deed
related
—
Nov 7, 1990
—
Audrey June Mcelheran
Hinkley,richard
Quit Claim Deed
related
—
—
—
Marshall 213 LLC
—
Deed Of Trust
related
$244,280 · Homestreet Bk
—
—
Marshall 213 LLC
—
Deed Of Trust
related
$207,000 · Ameritrust Cdc
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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