New search
Property profile & analytics
OFF-MARKET
Estimated value
$765,000
Grocery and convenience stores
24014 116th SE Ave, Kent, WA 98030-5063
Entity Owned
8-yr Hold
Free & Clear
Property ID
US90-2460160
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2018
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,180 SF
Lot
1.37 ac (59,891 SF)
Zoning code
NCC
APN
212205-9051
UPID
US90-2460160
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
-
Am Pm Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$810k
Comparable Approach
Comparable
$1.05M
Blend (final)
Blend
$765k
Owner & transaction history
City Of Kent · 8 yrs held
City Of Kent
since 2017
7 recorded transactions
Zoning & alternative use
NCC · 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%
$880,000
6.5%
$810,000
7%
$755,000
Blend value · Realmo final
$765k
Range $689k – $842k · ±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
$241 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$25,818
Tax year 2024
Assessed value
$2,407,200
Assessed 2023
Previous assessed
$2,407,200
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$1,076,700
Assessed improvement
$1,330,500
Land market value
$1,076,700
Improvement market value
$1,330,500
Total market value
$2,407,200
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2018
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
ELECTRIC
Buildings
2
Stories
1
Bathrooms
1
Total area
3,180 SF
Lot
1.37 ac (59,891 SF)
Zoning code
NCC
APN
212205-9051
UPID
US90-2460160
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NCC · Kent, WA
Zoning NCC · permitted uses
NCC · 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
2018
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
ELECTRIC
Stories
1
Buildings
2
Bathrooms
1
Lot
1.37 ac
Current owner
From public records · entity-resolved
City Of Kent
Entity
Free & Clear · 8 yrs held
Mailing address
PO BOX 941709, HOUSTON, TX 77094-8709
Ownership since
2017
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
Nov 29, 2017
—
City Of Kent
Bp West Coast Products LLC
Quit Claim Deed
related
—
Jul 28, 2017
$1,100,000
Bp West Coast Products LLC
Lotto LLC
Grant Deed
—
Dec 4, 2012
—
Lotto LLC
Lotto,michael S & Ann M
Quit Claim Deed
related
—
Oct 2, 2012
$337,500
Michael S Lotto
Toppano,angelo S
Quit Claim Deed
related
—
Oct 2, 2012
—
Angelo S Toppano
Toppano-lotto LLC
Quit Claim Deed
related
—
Dec 20, 2002
$574,930
Toppano-lotto LLC
American Drug Stores INC
Grant Deed
—
Nov 18, 1993
—
Dan E Ranniger
Ranniger,dan E &
Quit Claim Deed
related
$107,116 · Individual
Jun 30, 1989
$114,525
Dan Edward Ranniger
Leber,jeanne Mar
Grant Deed
$109,900 · Individual
—
—
Dan E Ranniger
—
Deed Of Trust
related
$300,000 · Rawson Trust
—
—
Michael S Lotto
—
Deed Of Trust
related
$135,000 · Angelo Toppano
—
—
Dan Ranniger
—
Deed Of Trust
related
$80,000 · Norwood Trust
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 24014 116th SE Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
