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Property profile & analytics
OFF-MARKET
Estimated value
$1,620,000
Day care centers
23807 98th S Ave, Kent, WA 98031-4401
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-1133171
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,854 SF
Lot
0.96 ac (41,936 SF)
Zoning code
SR-6
APN
182205-9348
UPID
US90-1133171
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
-
EuropaKids Preschool of Kent High School
-
美特利索幼教 High School
-
Montessori Plus School High School Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.63M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.94M
Blend (final)
Blend
$1.62M
Owner & transaction history
Europakids Preschool Kent LLC · 6 yrs held
Europakids Preschool Kent LLC
since 2020
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
SR-6 · Kent, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.7M
+6.7%
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
$1,645,000
ML approach
$1,625,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
$2,520,000
Current use
AUTO REPAIR, GARAGE
$2,690,000
Change: +7% · Conversion: Difficult
MEDICAL BUILDING
$2,310,000
Change: -8% · Conversion: Difficult
RETAIL STORES
$2,295,000
Change: -9% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,235,000
Change: -11% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,030,000
Change: -19% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,025,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$1.62M
Range $1.46M – $1.78M · ±10% · vs last sale $1.45M (Jun 30 2020)
Last sale anchor
$1.45M
Jun 30 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
$277 / 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
$15,368
Tax year 2022
Assessed value
$1,463,500
Assessed 2022
Previous assessed
$1,463,500
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$429,800
Assessed improvement
$1,033,700
Land market value
$429,800
Improvement market value
$1,033,700
Total market value
$1,463,500
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Total area
5,854 SF
Lot
0.96 ac (41,936 SF)
Zoning code
SR-6
APN
182205-9348
UPID
US90-1133171
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
SR-6 · Kent, WA
Zoning SR-6 · permitted uses
SR-6 · 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
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$2.3M
RETAIL STORES
Est. value
$2.3M
INDUSTRIAL (GENERAL)
Est. value
$2.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$2.0M
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
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
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Lot
0.96 ac
Current owner
From public records · entity-resolved
Europakids Preschool Kent LLC
Entity
Mailing address
23807 98TH AVE S, KENT, WA 98031-4401
Mailing matches property
Yes
Owner-occupied
Yes
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 18, 2024
—
Europakids Preschool Kent LLC
—
Deed
related
$2,100,000 · Washington Community Reinvestment Associ
Oct 4, 2022
—
Europakids Preschool Kent LLC
—
Deed
related
$535,000 · Evergreen Business Capital
Aug 23, 2022
—
Europakids Preschool Kent LLC
—
Deed
related
$750,000 · Bank Of America NA
Jun 30, 2020
$1,445,000
Europakids Preschool Kent LLC
Ssb Faith LLC
Warranty Deed
$1,494,000 · Keybank USA
Dec 8, 2014
—
Ssb Faith LLC
Mcclurkin,donald R & Sharlet J
Quit Claim Deed
related
—
Jun 30, 2004
—
Donald R Mcclurkin
Valley Communication Center
Grant Deed
related
—
—
—
Donald R Mcclurkin
—
Deed Of Trust
related
$196,761 · Mt Rainier National Bank
—
—
Donald R Mcclurkin
—
Deed Of Trust
related
$50,000 · Mt Rainier Bank
—
—
Mcclurkin,donald R & Sharlet J
—
Loan Modification
related
$196,761 · Columbia St Bk
—
—
Donald R Mcclurkin
—
Deed Of Trust
related
$150,000 · Mt Rainier National Bank
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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