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Property profile & analytics
OFF-MARKET
Estimated value
$1,495,000
Retail space
24811 Pacific S Hwy, Kent, WA 98032-1613
Entity Owned
Free & Clear
Property ID
US90-1542065
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1979
Construction
WOOD
Total area
10,800 SF
Lot
4.31 ac (187,627 SF)
Zoning code
CM
APN
212204-9152
UPID
US90-1542065
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
-
Del*Rio Supermarkets Grocery & Convenience Store Food Market
-
La Chamoyada Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.63M
Blend (final)
Blend
$1.50M
Owner & transaction history
City Of Kent
City Of Kent
since 2025
7 recorded transactions
Zoning & alternative use
CM · 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.50M
Range $1.35M – $1.64M · ±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
$138 / 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
$72,068
Tax year 2022
Assessed value
$6,191,200
Assessed 2022
Previous assessed
$6,191,200
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$3,189,600
Assessed improvement
$3,001,600
Land market value
$3,189,600
Improvement market value
$3,001,600
Total market value
$6,191,200
Applied tax rate
1,470.0000
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
1979
Construction
WOOD
Heating
HEAT PUMP
Buildings
2
Stories
1
Total area
10,800 SF
Lot
4.31 ac (187,627 SF)
Zoning code
CM
APN
212204-9152
UPID
US90-1542065
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CM · Kent, WA
Zoning CM · permitted uses
CM · 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
1979
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Buildings
2
Lot
4.31 ac
Current owner
From public records · entity-resolved
City Of Kent
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 997, SNOQUALMIE, WA 98065-0997
Ownership since
2025
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
Oct 7, 2025
—
City Of Kent
Sound Properties LLC
Warranty Deed
—
Jun 13, 2003
$3,700,000
Sound Properties LLC
William Ryan Co LLC
Grant Deed
—
Apr 22, 1998
$1,850,000
William Ryan Co LLC
Triad Soundview LP
Grant Deed
—
Mar 30, 1990
—
Triad Soundview Ltd
Kent Properties,
Grant Deed
related
—
—
—
Triad Soundview Limted Ptshp
—
Deed Of Trust
related
$1,575,000 · Standard Insurance Co
—
—
William Ryan Co LLC
—
Deed Of Trust
related
$73,000 · Heritage Bank
—
—
William Ryan Co LLC
—
Deed Of Trust
related
$152,163 · Washington First Int'l Bank
—
—
William Ryan Co LLC
—
Deed Of Trust
related
$1,777,000 · Heritage Bank
—
—
William Ryan Co LLC
—
Deed Of Trust
related
$55,000 · North Pacific Bank
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
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