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Property profile & analytics
OFF-MARKET
Estimated value
$5,710,000
Grocery and convenience stores
23636 104th SE Ave, Kent, WA 98031-3316
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-0738242
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
21,080 SF
Lot
2.69 ac (117,176 SF)
Zoning code
CC-MU
APN
172205-9074
UPID
US90-0738242
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
-
Andy-Landbrot Bakery Specialty Food Shop
-
Sausage-Express Specialty Food Shop
-
Vigo Bank Credit Union
-
Amazon Hub Locker - Vessel Marketing & Advertising IT Consulting Firm
-
7 Rayos Mexican Food Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.58M
CAP Approach
CAP
$4.76M
Comparable Approach
Comparable
$7.15M
Blend (final)
Blend
$5.71M
Owner & transaction history
Jackie S Properties LLC · 3 yrs held
Jackie S Properties LLC
since 2022
Last sale
$6.3M
7 recorded transactions
Zoning & alternative use
CC-MU · Kent, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$8.3M
+0.7%
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
$5,610,000
ML approach
$5,575,000
CAP Approach
CAP Return
Estimation
6%
$5,160,000
6.5%
$4,760,000
7%
$4,420,000
Alternative Use
Use
Estimation
RETAIL STORES
$8,270,000
Current use
MEDICAL BUILDING
$8,325,000
Change: +1% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$8,040,000
Change: -3% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$7,310,000
Change: -12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,285,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$5.71M
Range $5.14M – $6.28M · ±10% · vs last sale $6.30M (Aug 30 2022)
Last sale anchor
$6.30M
Aug 30 2022
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
$271 / 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
$38,565
Tax year 2022
Assessed value
$3,512,400
Assessed 2022
Previous assessed
$3,512,400
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$2,109,100
Assessed improvement
$1,403,300
Land market value
$2,109,100
Improvement market value
$1,403,300
Total market value
$3,512,400
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
OTHER
Stories
1
Total area
21,080 SF
Lot
2.69 ac (117,176 SF)
Zoning code
CC-MU
APN
172205-9074
UPID
US90-0738242
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CC-MU · Kent, WA
Zoning CC-MU · permitted uses
CC-MU · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$8.3M
MEDICAL BUILDING
Est. value
$8.3M
INDUSTRIAL (GENERAL)
Est. value
$8.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.3M
COMMERCIAL (GENERAL)
Est. value
$7.3M
RETAIL STORES Current
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
Yes
Stories
1
Lot
2.69 ac
Current owner
From public records · entity-resolved
Jackie S Properties LLC
Entity
Mailing address
420 164TH AVE SE, BELLEVUE, WA 98008-4850
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 23, 2022
—
Jackie S Properties LLC
—
Deed
related
$4,457,890 · First Citizens Bank & Trust Co
Aug 30, 2022
$6,300,000
Jackie S Properties LLC
Valentin Caspaar LLC
Warranty Deed
$4,410,000 · Olympic Exchange Accommodators LLC
May 28, 2015
$2,496,129
Valentin Caspaar LLC
Cascade Real Estate Services LLC
Bargain And Sale Deed
$2,000,000 · First Citizens Bank & Trust Co
Oct 17, 2011
—
Td Family Investments LLC
Huynh,dinh L
Quit Claim Deed
related
—
Apr 25, 2006
—
Maria Erickson
Family Investment LLC
Quit Claim Deed
related
—
Apr 25, 2006
$3,100,000
Dinh L Huynh
Erickson,maria
Warranty Deed
related
$2,247,500 · Cathay Bank
Jul 16, 2003
—
Family Investment LLC
Erickson,kevin & Sandra
Quit Claim Deed
related
—
Jun 17, 2002
$1,366,210
Kevin Erickson
General Investment Co
Grant Deed
$694,430 · General Electric Capital Corp
—
—
Dinh L Huynh
—
Deed Of Trust
related
$2,140,000 · Cathay Bank
—
—
Kevin Erickson
—
Deed Of Trust
related
$573,000 · Evergreen Community Dev Assn
—
—
Family Investments LLC
—
Deed Of Trust
related
$150,000 · Michelle Erickson
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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