Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$875,000
Assisted living facilities
24121 116th SE Ave Kent, WA 98030-5379
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-1587446
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
36,045 SF
Lot
2.36 ac (102,617 SF)
Zoning code
SR-6
APN
202205-9062
UPID
US90-1587446
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
-
Arbor VILLAGE Memory CARE Centet Hospital
-
Inn At Arbor Village Nursing Home Retirement Community
-
Arbor Village Senior Living Nursing Home Retirement Community
-
Kenticle Climbing Wall and Bouldering Rock Climbing
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$720k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.03M
Blend (final)
Blend
$875k
Owner & transaction history
Kre Tiger Arbor Village LLC · 8 yrs held
Kre Tiger Arbor Village LLC
since 2018
7 recorded transactions
Zoning & alternative use
SR-6 · 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
$720,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$875k
Range $788k – $963k · ±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
$24 / 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
$104,506
Tax year 2022
Assessed value
$8,722,100
Assessed 2022
Previous assessed
$8,722,100
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$1,385,300
Assessed improvement
$7,336,800
Land market value
$1,385,300
Improvement market value
$7,336,800
Total market value
$8,722,100
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Stories
3
Units
89
Bathrooms
1
Total area
36,045 SF
Lot
2.36 ac (102,617 SF)
Zoning code
SR-6
APN
202205-9062
UPID
US90-1587446
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.
Building & site characteristics
From public records
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Stories
3
Units
89
Bathrooms
1
Lot
2.36 ac
Current owner
From public records · entity-resolved
Kre Tiger Arbor Village LLC
Entity
Mailing address
19119 N CRK PKWY, BOTHELL, WA 98011-8036
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 5, 2019
—
Kre Tiger Arbor Village LLC
—
Deed
related
$380,000,000 · Wells Fargo Bank NA
Jan 26, 2018
$40,691,139
Kre Tiger Arbor Village LLC
Welltower INC
Bargain And Sale Deed
$307,906,000 · Wells Fargo Bank NA
Feb 3, 2015
—
Stanley & Shorten LLC
—
Loan Modification
related
$20,850,000 · Health Care R/e Inv Tr
Oct 26, 2011
—
Stanley & Shorten LLC
—
Deed Of Trust
related
$25,550,000 · Hcri Trs Acquirer LLC
Nov 19, 2007
$25,570,000
Health Care Reit INC
Olympus Assisted Living LLC
Warranty Deed
—
May 25, 2005
—
City Of Kent
Olympus Assisted Living LLC
Warranty Deed
—
Mar 5, 1999
$362,179
Olympus Assisted Living LLC
Hinckley,margaret L
Grant Deed
$199,096 · Hinckley Trust
Aug 28, 1991
—
Hinckley,james S&margaret
Hinckley,freda (
Grant Deed
related
—
—
—
Stanley & Shorten LLC
—
Deed Of Trust
related
$13,600,000 · Hcri Trs Acquirer LLC
—
—
Stanley & Shorten LLC
—
Loan Modification
related
$22,400,000 · Health Care Reit INC
—
—
Stanley & Shorten LLC
—
Loan Modification
related
$22,400,000 · Private Individual
—
—
Stanley & Shorten LLC
—
Deed Of Trust
related
$15,700,000 · Hcri Trs Acquirer LLC
—
—
Stanley & Shorten LLC
—
Deed Of Trust
related
$2,000,000 · Hcri Trs Acquirer LLC
—
—
Olympus Assisted Living INC
—
Deed Of Trust
related
$6,500,000 · West Coast Bank
—
—
Stanley & Shorten LLC
—
Deed Of Trust
related
$1,950,000 · Hcri Trs Acquirer LLC
—
—
Stanley & Shorten LLC
—
Loan Modification
related
$450,000 · Health Care Reit INC
—
—
Stanley & Shorten LLC
—
Loan Modification
related
$1,300,000 · Health Care Reit INC
—
—
Stanley & Shorten LLC
—
Loan Modification
related
$1,300,000 · Hcri Trs Acquirer LLC
—
—
Stanley & Shorten LLC
—
Deed Of Trust
related
$17,650,000 · Hcri Trust Acquirer 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.
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 24121 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.
