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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Grocery and convenience stores
24001 Pacific S Hwy, Kent, WA 98032-4081
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US90-0161309
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,450 SF
Lot
0.68 ac (29,624 SF)
Zoning code
MTC-1
APN
212204-9022
UPID
US90-0161309
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
-
ARCO Gas Station
-
ampm Grocery & Convenience Store
-
Ranjeet Singh Gas Station
-
LibertyX Bitcoin ATM Atm
-
Viksan LLC Gas Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$625k
Comparable Approach
Comparable
$821k
Blend (final)
Blend
$600k
Owner & transaction history
Kmgh LLC · 13 yrs held
Kmgh LLC
since 2013
7 recorded transactions
Zoning & alternative use
MTC-1 · Kent, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$675,000
6.5%
$625,000
7%
$580,000
Blend value · Realmo final
$600k
Range $540k – $660k · ±10%
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
$245 / 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
$14,495
Tax year 2022
Assessed value
$1,379,600
Assessed 2022
Previous assessed
$1,379,600
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$651,700
Assessed improvement
$727,900
Land market value
$651,700
Improvement market value
$727,900
Total market value
$1,379,600
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Total area
2,450 SF
Lot
0.68 ac (29,624 SF)
Zoning code
MTC-1
APN
212204-9022
UPID
US90-0161309
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
MTC-1 · Kent, WA
Zoning 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
Kent. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Lot
0.68 ac
Current owner
From public records · entity-resolved
Kmgh LLC
Entity
Mailing address
24419 106TH AVE SE, KENT, WA 98030-5323
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
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
Jun 22, 2021
—
Kmgh LLC
—
Deed
related
$3,900,000 · Commonwealth Business Bank
Nov 25, 2020
—
Kmgh LLC
—
Deed
related
$933,605 · Sylvia Drake
Sep 25, 2020
—
Kmgh LLC
—
Deed
related
$1,495,000 · Mountain Pacific Bank
Feb 14, 2013
$1,020,000
Kmgh LLC
S N S Global Investment LLC
Warranty Deed
$1,165,000 · 5446 California Avenue R/e Pts
Sep 8, 2008
$1,000,000
Sns Global Investments LLC
Viksan LLC
Warranty Deed
$1,477,396 · Viksan LLC
Dec 5, 2006
$400,000
Viksan LLC
Bp West Coast Products LLC
Grant Deed
$843,000 · Citicorp Leasing INC
Feb 9, 2005
—
City Of Kent
Bp West Coast Products LLC
Quit Claim Deed
related
—
—
—
S N S Global Investment LLC
—
Deed Of Trust
related
$99,665 · Viksan LLC
—
—
Kmgh LLC
—
Loan Modification
related
$933,605 · Sylvia Drake
—
—
Viksan LLC
—
Deed Of Trust
related
$75,000 · Yoon B Kim
—
—
Sns Global Investment LLC
—
Deed Of Trust
related
$399,665 · Viksan 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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