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Property profile & analytics
OFF-MARKET
Estimated value
$2,705,000
Retail space
23641 104th SE Ave, Kent, WA 98031-3315
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-0944552
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1974
Construction
WOOD
Total area
10,000 SF
Lot
1 ac (43,724 SF)
Zoning code
CC-MU
APN
172205-9165
UPID
US90-0944552
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
-
Mary's Fine Foods Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.09M
CAP Approach
CAP
$2.26M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.71M
Owner & transaction history
Mahindra Properties INC · 6 yrs held
Mahindra Properties INC
since 2020
Last sale
$2.5M
4 recorded transactions
Zoning & alternative use
CC-MU · Kent, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.0M
+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
$3,125,000
ML approach
$3,085,000
CAP Approach
CAP Return
Estimation
6%
$2,445,000
6.5%
$2,260,000
7%
$2,095,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,925,000
Current use
MEDICAL BUILDING
$3,950,000
Change: +1% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,815,000
Change: -3% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,465,000
Change: -12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,455,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$2.71M
Range $2.43M – $2.98M · ±10% · vs last sale $2.53M (May 12 2020)
Last sale anchor
$2.53M
May 12 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
$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
$25,749
Tax year 2022
Assessed value
$2,386,900
Assessed 2022
Previous assessed
$2,386,900
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$874,400
Assessed improvement
$1,512,500
Land market value
$874,400
Improvement market value
$1,512,500
Total market value
$2,386,900
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1974
Construction
WOOD
Heating
FORCED AIR
Stories
1
Total area
10,000 SF
Lot
1 ac (43,724 SF)
Zoning code
CC-MU
APN
172205-9165
UPID
US90-0944552
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
$3.9M
MEDICAL BUILDING
Est. value
$4.0M
INDUSTRIAL (GENERAL)
Est. value
$3.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.5M
COMMERCIAL (GENERAL)
Est. value
$3.5M
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
1974
Construction
WOOD
Heating
FORCED AIR
Stories
1
Lot
1 ac
Current owner
From public records · entity-resolved
Mahindra Properties INC
Entity
Mailing address
12505 NE BEL RED RD, BELLEVUE, WA 98005-2510
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 22, 2025
—
Pawandeep Dhunna
—
Deed
related
$550,000 · Bellevue Square LLC
Jan 26, 2024
—
Mahindra Properties INC
—
Deed
related
$500,000 · Kandila Ventures LLC
Sep 23, 2020
—
Mahindra Properties INC
—
Deed
related
$1,660,000 · Verity Cu
May 12, 2020
$2,525,000
Mahindra Properties INC
Rentonites INC
Warranty Deed
$1,200,000 · Kandila Ventures LLC
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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