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Property profile & analytics
OFF-MARKET
Turn key restaurants
23801 104th SE Ave Kent, WA 98031-3313
Entity Owned
6-yr Hold
Free & Clear
Property ID
US90-1025392
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,200 SF
Lot
0.25 ac (10,800 SF)
Zoning code
CC-MU
APN
172205-9250
UPID
US90-1025392
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Chin Family Investments LLC · 6 yrs held
Chin Family Investments LLC
since 2019
1 recorded transaction
Zoning & alternative use
CC-MU · Kent, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the CCdistrictis to provide areas for limited commercial activities that serve several residential neighborhoods. It is also the purpose of thisdistrictto provide opportunities formixed use developmentwithin the designated mixeduseoverlay boundary, as designated by thecomprehensive plan
Zone name
Community Commercial And Mixed Use
General category
MIXED_USE
Zone area
301.35 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$6,372
Tax year 2022
Assessed value
$584,900
Assessed 2022
Previous assessed
$584,900
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$216,000
Assessed improvement
$368,900
Land market value
$216,000
Improvement market value
$368,900
Total market value
$584,900
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
OTHER
Stories
1
Total area
3,200 SF
Lot
0.25 ac (10,800 SF)
Zoning code
CC-MU
APN
172205-9250
UPID
US90-1025392
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CC-MU · Kent, WAZoning 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
Zoning description
The purpose of the CCdistrictis to provide areas for limited commercial activities that serve several residential neighborhoods. It is also the purpose of thisdistrictto provide opportunities formixed use developmentwithin the designated mixeduseoverlay boundary, as designated by thecomprehensive plan
Zone name
Community Commercial And Mixed Use
General category
MIXED_USE
Zone area
301.35 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
Yes
Stories
1
Lot
0.25 ac
Current owner
From public records · entity-resolved
Chin Family Investments LLC
Entity
Free & Clear · 6 yrs held
Mailing address
12633 SE 62ND ST, BELLEVUE, WA 98006-3901
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2019
—
Chin Family Investments LLC
My G Chin
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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