Technical
Financial
Distress signals
Property profile

216 Gowe St Kent, WA 98032

OFF-MARKET
Refrigerated & Cold Storage
Property ID
US90-0018910
1,060 SF 0.04 ac lot Built 1940
Entity Owned 9-yr Hold Free & Clear
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Property summary

AI-generated overview

Kent Plaza, located at 216 W Gowe St, Kent, WA 98032, presents a prime retail leasing opportunity. This Class B commercial property boasts a total of 13,749 square feet, with 4,025 square feet currently vacant and ready for immediate occupancy. The property is situated on a 0.66-acre lot and is zoned DC, offering significant potential for a variety of retail businesses. The building's multiple tenancy structure provides a vibrant and diverse commercial environment. The available space totals 4,025 square feet, providing ample room for expansion and customization to suit your specific business needs. Located in King County, Washington, this property benefits from excellent visibility and accessibility, ensuring high foot traffic and customer exposure. The property's strategic location in Kent offers easy access to major transportation routes and a thriving local community. This is an exceptional opportunity to establish or expand your retail presence in a dynamic and growing market. The property's existing infrastructure and convenient location make it an ideal choice for businesses seeking a well-established and easily accessible retail space. Don't miss this chance to secure a prominent retail location in Kent, Washington.

Property profile

Verified
Property type Refrigerated & Cold Storage
Use group COLD STORAGE
Year built 1940
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,060 SF
Lot 0.04 ac (1,800 SF)
Zoning code GC-MU
APN 917960-0731
UPID US90-0018910

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Take-out & Catering Fish Market
  • Charitable Organization Social Service Agency
  • Post Office Logistics Service
  • Marketing & Advertising IT Consulting Firm
  • Association / Organization

Location

216 Gowe St Kent, WA 98032-5920
Kent metro Census 29203 SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

since 2017
7 recorded transactions
2020
Price N/A
2017
Price N/A
2016
Price N/A
2011
$95,000
2010
$106,184
2009
Price N/A
2007
$179,000

Zoning & alternative use

GC-MU · Kent, WA
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…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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