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    24604 104Th Ave SE Kent, WA 98030

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    24604 104Th Ave SE Kent, WA 98030

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    • Medical Office Space
    • 11,910 SF
    • 0.90 lot acres
    For Lease
    $2,150/Mo
    View Listing →
    Kent East Hill Office Space For Lease
    $2,150/Mo
    1,150 SF

    Kent East Hill Office Space

    Office suite for lease with finished offices and reception.

    24604 104th Ave SE, Kent, WA 98030
    View Listing
    Property ID
    US90-3120064
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Barigens Clinic / Medical Clinic
    • 104th Avenue Medical Clinic / Physician
    • Living Well Kent / Association / Organization
    • Ranu Choudhary Md / Physician
    • Medical Office / Medical Clinic

    Property Details for 24604 104Th Ave SE

    Year built
    2007
    Construction
    WOOD
    Lot size
    0.90 lot acres
    Property size
    11,910 SF
    Zone code
    CC-MU
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    783080-0425
    APU
    7830800425

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,870,000
      6.5%
      $2,650,000
      7%
      $2,460,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,475,000
      Market price range: $420k - $2.20M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Kent
    County
    King
    State
    Washington
    Longitude
    -122.202
    Latitude
    47.3814
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $27,056
    $702,800
    $1,844,800
    $2,547,600
    -
    $702,800
    $1,844,800
    $2,547,600

    Comparable in this City

    • Value Estimation
      $3,190,000
      15,412 SF

      24722 104th SE Ave

      MEDICAL BUILDING • 15,412 SF
      24722 104th SE Ave, Kent, WA 98030-5322
      View Details
    • Value Estimation
      $1,280,000
      5,928 SF

      10725 256th St

      MEDICAL BUILDING • 5,928 SF
      10725 256th St, Kent, WA 98030-8285
      View Details
    • Value Estimation
      $2,015,000
      8,710 SF

      26000 104th SE Ave

      MEDICAL BUILDING • 8,710 SF
      26000 104th SE Ave, Kent, WA 98030
      View Details
    • Value Estimation by Request
      1,480 SF

      State N Ave

      MEDICAL BUILDING • 1,480 SF
      State N Ave, Kent, WA 98030
      View Details
    • Value Estimation
      $1,800,000
      9,354 SF

      10615 256th St

      MEDICAL BUILDING • 9,354 SF
      10615 256th St, Kent, WA 98030-6809
      View Details
    • Value Estimation
      $5,405,000
      40,134 SF

      403 Meeker St

      MEDICAL BUILDING • 40,134 SF
      403 Meeker St, Kent, WA 98030-5904
      View Details

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    • Contact for pricing
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      Kent Retail Building with Drive-Thru

      Freestanding 11,834 SF building in Kent's East Hill neighborhood.
      10407 SE 256Th St, Kent, WA 98030
      View Details
    • $1,050,000
      2,990 SF

      Versatile Commercial Space, Kent Location

      High-visibility commercial space suitable for medical or professional uses.
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      Kent Land with High Visibility

      Land with exceptional visibility at a signalized intersection in Kent.
      26047 116Th Ave SE, Kent, WA 98030
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      0.17 Acres

      Downtown Kent Commercial Lot Lease

      7,200 SF Fenced Lot - Prime Location
      321 State Ave, Kent, WA 98030
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    • Contact for pricing
      41,129 SF

      Kent Corner Commercial Land ForSale

      High-visibility commercial land with multiple development possibilities in Kent, WA.
      26047 116Th Ave SE, Kent, WA 98030
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    Similar Nearby for Lease

    • Contact for pricing
      14,667 SF

      Kent Office, Medical, Retail Space

      Versatile space near Kent Station and Sounder Commuter Rail.
      403 W Meeker St, Kent, WA 98030
      View Details
    • Contact for pricing

      Kent Office/Medical Property For Sale

      Office/medical property with owner financing and high visibility.
      24401 104Th Ave SE, Kent, WA 98030
      View Details
    • $2,150 /Mo

      Kent East Hill Office Space

      Office space for lease with great exposure and ample parking.
      24604 104Th Ave SE, Kent, WA 98030
      View Details
    • Contact for pricing

      Office Space in Benson Neighborhood

      2,595 SF office space for lease in Kent, WA.
      25012-25022 104Th Ave SE, Kent, WA 98030
      View Details
    • $2,150 /Mo

      Kent East Hill Office Space

      Office suite for lease with finished offices and reception.
      24604 104Th Ave SE, Kent, WA 98030
      View Details
    • $15 SF/Yr

      Kent WA Professional Office Space

      Professional office spaces available for lease in Kent, Washington.
      1851 Central Pl S, Kent, WA 98030
      View Details
    View Listing
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    24604 104Th Ave SE
    Kent, WA 98030
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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