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Property profile & analytics
OFF-MARKET
Estimated value
$1,240,000
Commercial real estate
23250 Pacific S Hwy Kent, WA 98032-2722
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-1679365
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1955
Construction
WOOD
Total area
6,966 SF
Lot
0.56 ac (24,178 SF)
Zoning code
MTC-1
APN
250060-0455
UPID
US90-1679365
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
-
Yum Coffee & Antojos Restaurant
-
Exóticas fruit Food Market Specialty Food Shop
-
Frutas Exoticas de Temporada Food Market Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.67M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.24M
Owner & transaction history
State Of Washington · 6 yrs held
State Of Washington
since 2020
6 recorded transactions
Zoning & alternative use
MTC-1 · Kent, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose and intent of the MTC-1districtis to provide an area that will encourage the location of moderately dense and varied retail, office, or residential activities in support of rapid light rail and mass transit options, to enhance a pedestrian-oriented character while acknowledging the existing highway corridor character, and to implement the goals a…
Zone name
Midway Transit Community 1
General category
COMMERCIAL
Zone area
71.04 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,800,000
6.5%
$1,665,000
7%
$1,545,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,815,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$1.24M
Range $1.12M – $1.36M · ±10%
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
$178 / 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
$16,433
Tax year 2022
Assessed value
$1,526,600
Assessed 2022
Previous assessed
$1,526,600
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$531,900
Assessed improvement
$994,700
Land market value
$531,900
Improvement market value
$994,700
Total market value
$1,526,600
Applied tax rate
1,468.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1955
Construction
WOOD
Heating
HOT WATER
Stories
1
Total area
6,966 SF
Lot
0.56 ac (24,178 SF)
Zoning code
MTC-1
APN
250060-0455
UPID
US90-1679365
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
MTC-1 · Kent, WAZoning MTC-1 · permitted uses
MTC-1 · Kent, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose and intent of the MTC-1districtis to provide an area that will encourage the location of moderately dense and varied retail, office, or residential activities in support of rapid light rail and mass transit options, to enhance a pedestrian-oriented character while acknowledging the existing highway corridor character, and to implement the goals and policies of the Midway Subarea Plan
Zone name
Midway Transit Community 1
General category
COMMERCIAL
Zone area
71.04 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$1.8M
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1955
Construction
WOOD
Heating
HOT WATER
Stories
1
Lot
0.56 ac
Current owner
From public records · entity-resolved
State Of Washington
Individual
Mailing address
PO BOX 3067, KENT, WA 98089-0202
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
May 14, 2020
—
State Of Washington
Ki W Noh
Warranty Deed
—
Sep 3, 2019
$602,396
Ki W Noh
Ji Hyun Oh
Quit Claim Deed
related
$1,330,000 · Gbc International Bank
Oct 29, 2014
—
Ji H Oh
Oh,chang K
Quit Claim Deed
related
$1,322,000 · Hana Small Busn Lndg
Oct 29, 2014
$1,500,000
Ki W Noh
Keybank National Association
Bargain And Sale Deed
$1,322,000 · Hana Small Business Lending INC
Jan 10, 2005
—
City Of Kent
Keybank National Association
Quit Claim Deed
related
—
—
—
Ki W|oh Ji H Noh
—
Deed Of Trust
related
$258,000 · Hana Small Busn Lndg
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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