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Property profile & analytics
OFF-MARKET
Estimated value
$2,790,000
Drive through restaurants
22431 84th S Ave Kent, WA 98032-2431
Individually Owned
5-yr Hold
Free & Clear
Property ID
US90-2052869
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2020
Construction
WOOD
Total area
2,000 SF
Lot
0.59 ac (25,865 SF)
Zoning code
I1
APN
132204-9001
UPID
US90-2052869
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
-
Starbucks Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.37M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.83M
Blend (final)
Blend
$2.79M
Owner & transaction history
Miner Building Ptshp · 5 yrs held
Miner Building Ptshp
since 2020
Last sale
$2.8M
6 recorded transactions
Zoning & alternative use
I1 · Kent, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The I1 industrial business district consists of areas of high opportunity for the city in terms of employment, revenue, and placemaking
Zone name
Industrial Business
General category
INDUSTRIAL
Zone area
1,776.37 ac
Source
Realmo
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
$3,180,000
ML approach
$3,370,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.79M
Range $2.51M – $3.07M · ±10% · vs last sale $2.79M (Sep 18 2020)
Last sale anchor
$2.79M
Sep 18 2020
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
$1,395 / 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
$14,823
Tax year 2022
Assessed value
$1,463,500
Assessed 2022
Previous assessed
$1,463,500
+0.0% YoY
Effective rate
1.01%
On assessed value
Assessed land
$633,600
Assessed improvement
$829,900
Land market value
$633,600
Improvement market value
$829,900
Total market value
$1,463,500
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2020
Construction
WOOD
Heating
CENTRAL
Stories
1
Total area
2,000 SF
Lot
0.59 ac (25,865 SF)
Zoning code
I1
APN
132204-9001
UPID
US90-2052869
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
I1 · Kent, WAZoning I1 · permitted uses
I1 · Kent, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The I1 industrial business district consists of areas of high opportunity for the city in terms of employment, revenue, and placemaking
Zone name
Industrial Business
General category
INDUSTRIAL
Zone area
1,776.37 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2020
Construction
WOOD
Heating
CENTRAL
Stories
1
Lot
0.59 ac
Current owner
From public records · entity-resolved
Miner Building Ptshp
Individual
Free & Clear · 5 yrs held
Mailing address
PO BOX 529, EUGENE, OR 97440-0529
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 25, 2024
—
Miner Building Partnership
—
Deed
related
$4,500,500 · Washington Federal NA
Sep 18, 2020
$2,790,000
Miner Building Ptshp
Wf Kent 84 LLC
Grant Deed
—
Sep 30, 2019
$1,590,000
Wf Kent 84 LLC
Berena LLC
Warranty Deed
$5,426,619 · First Interstate Bank
Dec 22, 2016
—
Berena LLC
Bernasconi,alexander
Quit Claim Deed
related
—
Oct 27, 2016
—
Berena LLC
Serena,marina
Quit Claim Deed
related
—
Dec 15, 1997
—
Kent City (wa)
Bernsaconi,teresa
Quit Claim Deed
related
—
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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