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Property profile & analytics
FOR LEASE
Auto shops
24300 Pacific Hwy South, Kent, WA 98032
Individually Owned
20-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-1473431
For Lease
1 / 27
$650,000
24300 Pacific Hwy South, Kent, WA 98032
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Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1969
Construction
STEEL FRAME
Total area
3,200 SF
Lot
9.44 ac (411,100 SF)
Zoning code
MCR
APN
212204-9046
UPID
US90-1473431
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
-
Redmond Heavy Hauling Trucking Company
-
Sutton Trucking Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$535k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$762k
Blend (final)
Blend
$650k
Owner & transaction history
Puget Sound Energy · 20 yrs held
Puget Sound Energy
since 2006
4 recorded transactions
Zoning & alternative use
MCR · 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
$535,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$650k
Range $585k – $715k · ±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
$203 / 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
$68,237
Tax year 2024
Assessed value
$6,227,700
Assessed 2023
Previous assessed
$6,227,700
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$6,166,500
Assessed improvement
$61,200
Land market value
$6,166,500
Improvement market value
$61,200
Total market value
$6,227,700
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
For Lease
Year built
1969
Construction
STEEL FRAME
Heating
OTHER
Buildings
2
Stories
1
Total area
3,200 SF
Lot
9.44 ac (411,100 SF)
Zoning code
MCR
APN
212204-9046
UPID
US90-1473431
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
MCR · Kent, WA
Zoning MCR · permitted uses
MCR · 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
1969
Construction
STEEL FRAME
Heating
OTHER
Stories
1
Buildings
2
Lot
9.44 ac
Current owner
From public records · entity-resolved
Puget Sound Energy
Individual
Free & Clear · 20 yrs held
Mailing address
1800 BLANKENSHIP RD STE #450, WEST LINN, OR 97068-4198
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 11, 2006
$6,338
Puget Sound Energy
Pacific Land Co LLC
Grant Deed
—
Dec 2, 2003
—
Kent City (wa)
City Pacific Land
Quit Claim Deed
related
—
Jan 19, 1999
$1,478,000
City Pacific Land Co LLC
Widing Terminals Co
Grant Deed
$1,000,000 · Bank Of America
Jan 19, 1999
—
Widing Terminals Co
Redfern Investments Co
Trustees Deed
related
—
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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