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    23241 Pacific Hwy S Kent, WA 98032
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    Property profile & analytics

    23241 Pacific Hwy S Kent, WA 98032

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    • Medical Office Space
    • 2,135 SF
    • 0.47 lot acres
    For Sale
    $995,000
    View Listing →
    Stand Alone Pad Building For Sale
    $995,000
    2,135 SF

    Stand Alone Pad Building

    Highly visible, remodeled dental office on hard corner.

    23241 Pacific Hwy S, Kent, WA
    View Listing
    Property ID
    US90-0755353
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Yuriy Vladimirovich Bagdasarov / Dental Office

    Property Details for 23241 Pacific Hwy S

    Year built
    1978
    Construction
    WOOD
    Lot size
    0.47 lot acres
    Property size
    2,135 SF
    Zone code
    MTC-1
    Property type
    Medical Office Space
    Property subtype
    Medical space
    APN
    250060-0600
    APU
    2500600600

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Kent
    County
    King
    State
    Washington
    Longitude
    -122.295
    Latitude
    47.3926
    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
    $22,381
    $511,300
    $131,300
    $642,600
    -
    $511,300
    $131,300
    $642,600

    Comparable in this City

    • Value Estimation
      $755,000
      4,116 SF

      233 2nd S Ave

      MEDICAL BUILDING • 4,116 SF
      233 2nd S Ave, Kent, WA 98032-5852
      View Details
    • Value Estimation
      $545,000
      2,584 SF

      27115 Military S Rd

      MEDICAL BUILDING • 2,584 SF
      27115 Military S Rd, Kent, WA 98032-7009
      View Details
    • Value Estimation
      $2,105,000
      11,234 SF

      322 4th S Ave

      MEDICAL BUILDING • 11,234 SF
      322 4th S Ave, Kent, WA 98032
      View Details
    • Value Estimation
      $1,180,000
      6,914 SF

      510 Washington N Ave

      DENTAL BUILDING • 6,914 SF
      510 Washington N Ave, Kent, WA 98032-4453
      View Details
    • Value Estimation
      $2,785,000
      16,046 SF

      21851 84th S Ave

      MEDICAL BUILDING • 16,046 SF
      21851 84th S Ave, Kent, WA 98032-1958
      View Details
    • Value Estimation by Request
      1,600 SF

      112 Central N Ave

      MEDICAL BUILDING • 1,600 SF
      112 Central N Ave, Kent, WA 98032-4521
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,135 SF

      Stand Alone Pad Building

      Highly visible, remodeled dental office on hard corner.
      23241 Pacific Hwy S, Kent, WA 98032
      View Details
    • $1,195,000

      Turnkey Medical Building Opportunity

      Standalone medical building with flexible occupancy and highway exposure.
      26136 Pacific Hwy S, Kent, WA 98032
      View Details
    • $2,205,000
      5,880 SF

      Prime Downtown Kent Location

      Versatile property in the heart of Kent, WA.
      221 W Gowe St, Kent, WA 98032
      View Details
    • Contact for pricing

      Class A Office Building

      Class A office building in a prime Kent Valley location.
      6703 S 234Th St, Kent, WA 98032
      View Details
    • Contact for pricing
      1,888 SF

      Kent IOS Owner-User Opportunity

      Kent property suitable for owner-user, offered for sale.
      26301 79Th Ave S, Kent, WA 98032
      View Details
    • Contact for pricing

      Class A Office Building

      Class A office building in a prime Kent Valley location.
      6703 S 234Th St, Kent, WA 98032
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Turnkey Medical Office Space Available

      Move-in-ready medical space in a prime location.
      26136 Pacific Hwy S, Kent, WA 98032
      View Details
    • Contact for pricing

      Turnkey Medical Office Space Available

      Move-in ready medical space in Kent, Des Moines, and Federal Way.
      26136 Pacific Hwy S, Kent, WA 98032
      View Details
    • $27 SF/Yr

      Kent Medical/Dental Office Space

      Medical/Dental office space in Kent with easy highway access.
      27115 Military Rd S, Kent, WA 98032
      View Details
    • $27 SF/Yr

      Kent Medical/Dental Office Space

      Medical/Dental office space in Kent with easy highway access.
      27115 Military Rd S, Kent, WA 98032
      View Details
    • Contact for pricing

      Kent Office Space For Lease

      Office space in Kent, accessible location, ample parking.
      20415 72Nd Ave S, Kent, WA 98032
      View Details
    • Contact for pricing

      Kent Office Space For Rent

      Class B office building in Southcenter location with great parking.
      18000 72Nd Ave S, Kent, WA 98032
      View Details
    View Listing
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    Kent, WA 98032
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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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    23241 Pacific Hwy S, Kent, WA, 98032
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