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Property profile & analytics
OFF-MARKET
Estimated value
$3,520,000
Retail space
24700 36th S Ave, Kent, WA 98032-1518
Individually Owned
20-yr Hold
~
Est. High Equity
Property ID
US90-1153688
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
21,219 SF
Lot
1.96 ac (85,168 SF)
Zoning code
CC
APN
222204-9142
UPID
US90-1153688
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
-
Iglesia De Dios Pentecostes Sl Church Mosque
-
Bombay Fiji Bazaar Grocery & Convenience Store Food Market
-
PNW Espresso Cafe & Coffee Shop
-
Zip Locksmith Locksmith
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.79M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.52M
Owner & transaction history
Charanjit Lamba · 20 yrs held
Charanjit Lamba
since 2006
7 recorded transactions
Zoning & alternative use
CC · 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%
$5,190,000
6.5%
$4,790,000
7%
$4,450,000
Blend value · Realmo final
$3.52M
Range $3.17M – $3.87M · ±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
$166 / 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
$33,033
Tax year 2022
Assessed value
$3,085,800
Assessed 2022
Previous assessed
$3,085,800
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$1,107,100
Assessed improvement
$1,978,700
Land market value
$1,107,100
Improvement market value
$1,978,700
Total market value
$3,085,800
Applied tax rate
1,457.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Buildings
2
Stories
1
Total area
21,219 SF
Lot
1.96 ac (85,168 SF)
Zoning code
CC
APN
222204-9142
UPID
US90-1153688
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CC · Kent, WA
Zoning CC · permitted uses
CC · 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
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Buildings
2
Lot
1.96 ac
Current owner
From public records · entity-resolved
Charanjit Lamba
Individual
Mailing address
PO BOX 3429, EL SEGUNDO, CA 90245-8590
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 23, 2021
—
Rnrs Family Limited Partnership
—
Deed
related
$750,000 · Telco Community Cu
Jun 23, 2006
—
Charanjit Lamba
Lamba,harmit
Quit Claim Deed
related
—
Feb 13, 2006
—
Sonny LLC
Lamba,charanjit
Quit Claim Deed
related
—
Mar 21, 2005
—
Charanjit Lamba
Lamba,harmit
Quit Claim Deed
related
—
Dec 10, 2004
—
Rnrs Family
Singh,rashpal
Quit Claim Deed
related
—
Feb 20, 2004
$1,300,000
Rnrs Family LP
Burklands West Hill LLC
Grant Deed
$993,808 · Bank Of Washington
Apr 14, 2000
—
Rose Partners LLC
Lamba,harmit S & Charajit K
Quit Claim Deed
related
$503,262 · Key Bank NA
Jan 19, 2000
—
Burkland West Hill LLC
Lamba,harmit S & Charamit K
Quit Claim Deed
related
—
Mar 26, 1999
—
Harmit S Lamba
—
Grant Deed
related
$500,000 · Key Bank NA
Aug 3, 1989
$665,000
Harmit S Lamba
Panni,k K&k K
Grant Deed
$578,500 · Seller
—
—
Harmit S Lamba
—
Deed Of Trust
related
$617,500 · Key Bank NA
—
—
Rose Partners LLC
—
Deed Of Trust
related
$500,000 · Bank Of America
—
—
Burklands West Hill LLC
—
Deed Of Trust
related
$609,319 · Key Bank NA
—
—
Rnrs Family LP
—
Deed Of Trust
related
$15,507 · Bank Of Washington
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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