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Property profile & analytics
OFF-MARKET
Estimated value
$3,660,000
Commercial real estate
24017 104th SE Ave Kent, WA 98030-4975
Entity Owned
1-yr Hold
Free & Clear
Property ID
US90-1191178
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,600 SF
Lot
1.34 ac (58,312 SF)
Zoning code
CC
APN
783080-0033
UPID
US90-1191178
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
-
Merrill David N DC Alternative Medicine Practice
-
Ladybug Espresso Take-out & Catering Cafe & Coffee Shop
-
EZ Auto Transport Trucking Company
-
The Hair Solution Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.66M
Owner & transaction history
King County · 1 yrs held
King County
since 2024
Last sale
$4,446
7 recorded transactions
Zoning & alternative use
CC · 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
Zone name
Community Commercial
General category
COMMERCIAL
Zone area
294.92 ac
Source
Realmo
Top alternative use upside
Restaurant
$5.6M
+53.6%
Auto repair, garage
$4.9M
+32.9%
Medical building
$4.2M
+14.3%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,660,000
Current use
RESTAURANT
$5,625,000
Change: +54% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,870,000
Change: +33% · Conversion: Difficult
MEDICAL BUILDING
$4,185,000
Change: +14% · Conversion: Easy
RETAIL STORES
$4,160,000
Change: +14% · Conversion: Easy
INDUSTRIAL (GENERAL)
$4,045,000
Change: +10% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$3,675,000
Change: +0% · Conversion: Moderate
Blend value · Realmo final
$3.66M
Range $3.29M – $4.03M · ±10% · vs last sale $4k (Aug 12 2024)
Last sale anchor
$4k
Aug 12 2024
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
$345 / 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
$46,824
Tax year 2022
Assessed value
$4,477,800
Assessed 2022
Previous assessed
$4,477,800
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$1,399,400
Assessed improvement
$3,078,400
Land market value
$1,399,400
Improvement market value
$3,078,400
Total market value
$4,477,800
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Buildings
2
Stories
1
Total area
10,600 SF
Lot
1.34 ac (58,312 SF)
Zoning code
CC
APN
783080-0033
UPID
US90-1191178
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CC · Kent, WAZoning CC · permitted uses
CC · 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
Zone name
Community Commercial
General category
COMMERCIAL
Zone area
294.92 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$3.7M
RESTAURANT
Est. value
$5.6M
AUTO REPAIR, GARAGE
Est. value
$4.9M
MEDICAL BUILDING
Est. value
$4.2M
RETAIL STORES
Est. value
$4.2M
INDUSTRIAL (GENERAL)
Est. value
$4.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.7M
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
INDUSTRIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Buildings
2
Lot
1.34 ac
Current owner
From public records · entity-resolved
King County
Entity
Free & Clear · 1 yrs held
Mailing address
201 S JACKSON ST SEATTLE
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 12, 2024
$4,446
King County
Otugi LLC
Warranty Deed
—
Sep 19, 2023
—
Otugi LLC
Edward Hakjun Park
Quit Claim Deed
related
$2,470,000 · Gesa Cu
Jun 15, 2020
—
Jose Alvarez
—
Deed
related
$260,580 · Caliber Hm Loans
Dec 14, 2018
—
Park Family Trust
Park,edward H J & Soon A
Quit Claim Deed
related
—
Jan 19, 2018
$4,430,000
Edward H J Park
Fir Ridge Shopping Center LLC
Warranty Deed
$2,670,000 · Bank Of Hope
Jan 4, 2018
$738,438
Fir Ridge Shopping Center LLC
Mceachern John A
Grant Deed
related
—
Aug 11, 2017
—
Fir Ridge Shopping Center LLC
Belanich,roger M
Quit Claim Deed
related
—
Aug 4, 2017
$738,436
Fir Ridge Shopping Center LLC
Mceachern John A
Grant Deed
—
—
—
Jose Alvarez
—
Loan Modification
related
$260,580 · Caliber Hm Loans
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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