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Property profile & analytics
FOR SALE
Bars & Pubs
23826 Pacific Hwy S Kent Kent, WA 98032
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US90-1400569
For Sale
1 / 7
Contact for pricing
23826 Pacific Hwy S Kent, Kent, WA 98032
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Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1932
Construction
WOOD
Total area
4,685 SF
Lot
0.6 ac (25,991 SF)
Zoning code
MTC-1
APN
250060-0541
UPID
US90-1400569
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
-
Flame Catering Catering Service Take-out & Catering
-
Ladybug Espresso Take-out & Catering Cafe & Coffee Shop
-
J J's Bar & Grill Bar & Pub Restaurant
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
Shahram Abdolhosseini · 9 yrs held
Shahram Abdolhosseini
since 2016
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
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
$9,897
Tax year 2022
Assessed value
$883,300
Assessed 2022
Previous assessed
$883,300
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$623,700
Assessed improvement
$259,600
Land market value
$623,700
Improvement market value
$259,600
Total market value
$883,300
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
Bars & Pubs
Use group
BAR, TAVERN
Status
For Sale
Year built
1932
Construction
WOOD
Heating
FORCED AIR
Stories
1
Total area
4,685 SF
Lot
0.6 ac (25,991 SF)
Zoning code
MTC-1
APN
250060-0541
UPID
US90-1400569
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
Building & site characteristics
From public records
Year built
1932
Construction
WOOD
Heating
FORCED AIR
Stories
1
Lot
0.6 ac
Current owner
From public records · entity-resolved
Shahram Abdolhosseini
Individual
Mailing address
707 24TH AVE E, SEATTLE, WA 98112-4105
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
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
Aug 17, 2016
$750,000
Shahram Abdolhosseini
Kim,young R & Mi C
Warranty Deed
$425,000 · Young R & Mi C Kim
Apr 10, 1996
$377,000
Young R Kim
Carkonen,michael P
Grant Deed
$377,000 · Seller
Jan 12, 1993
—
Robert M Shay
Kroetsch,frank&r
Quit Claim Deed
related
—
Feb 21, 1992
$425,000
Restauration Group
Carkonen,michael
Grant Deed
$385,000 · Carkonen Michael P
—
—
Young R Kim
—
Deed Of Trust
related
$72,000 · Kitsap Bank
—
—
Young R Kim
—
Deed Of Trust
related
$325,600 · Interwest 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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