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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    25100 74th S Ave Kent, WA 98032-6029

    • Hotels
    • 0.58 lot acres
    OFF-MARKET
    Last Sale
    Jul 20, 2023
    $6,900,000
    Value Estimations
    $6,580,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-2560796
    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.

    Current Use by Public Records

    • Kent Right Choice / House Cleaning Service
    • Kent Car Shipping Co. / Trucking Company
    • Red Lion Inn & Suites Kent Seattle / Hotel

    Property Details for 25100 74th S Ave

    Lot size
    0.58 lot acres
    Zone code
    I1
    Property type
    Hotels
    Property subtype
    Motels
    APN
    000660-0061
    APU
    6600061

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $6,580,000
      ML approach
      $6,335,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Kent
    County
    King
    State
    Washington
    Longitude
    -122.242
    Latitude
    47.3766
    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
    $5,806
    $582,000
    $0.00
    $582,000
    -
    $582,000
    $0.00
    $582,000

    Comparable in this City

    • Value Estimation
      $315,000
      4,772 SF

      25006 Pacific S Hwy

      HOTEL/MOTEL • 4,772 SF
      25006 Pacific S Hwy, Kent, WA 98032-5436
      View Details
    • Value Estimation
      $260,000
      9,734 SF

      23408 30th S Ave

      HOTEL/MOTEL • 9,734 SF
      23408 30th S Ave, Kent, WA 98032-2825
      View Details
    • Value Estimation
      $685,000
      52,140 SF

      22520 83rd S Ave

      HOTEL/MOTEL • 52,140 SF
      22520 83rd S Ave, Kent, WA 98032-2492
      View Details
    • Value Estimation
      $11,200,000
      56,130 SF

      22318 84th S Ave

      HOTEL/MOTEL • 56,130 SF
      22318 84th S Ave, Kent, WA 98032-1522
      View Details
    • Value Estimation
      $710,000
      60,544 SF

      21109 66th S Ave

      HOTEL/MOTEL • 60,544 SF
      21109 66th S Ave, Kent, WA 98032-2345
      View Details
    • Value Estimation
      $395,000
      9,624 SF

      22203 84th S Ave

      HOTEL/MOTEL • 9,624 SF
      22203 84th S Ave, Kent, WA 98032-1954
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      24,240 SF

      Downtown Kent Mixed-Use Property

      Prime Kent location, high potential.
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      Prime Kent location, huge potential!
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    • $13,140,000
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      Kent Warehouse with Cooler Space

      43,799 SF warehouse with cooler, dock, and grade-level loading.
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    • $3,500,000
      26,536 SF

      Mixed-Use Asset in Active Submarket

      Two-story mixed-use property with income upside in South King County.
      235 1St Ave S, Kent, WA 98032
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    • $2,650,000

      Mixed-Use Investment Near Kent Station

      Mixed-use building with retail and residential units near Kent Station.
      100 Railroad Ave S, Kent, WA 98032
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    • $2,205,000
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      Prime Downtown Kent Location

      Versatile property in the heart of Kent, WA.
      221 W Gowe St, Kent, WA 98032
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    Similar Nearby for Lease

    • Contact for pricing
      170,000 SF

      Mill Creek Distribution Center: 102,429 SF

      Large warehouse space available; ideal for distribution.
      22114 76Th Ave, Kent, WA 98032
      View Details
    • $8 SF/Yr
      32,904 SF

      Kent Industrial Manufacturing Space

      Two Manufacturing Spaces Available in Kent, WA
      824 3Rd Ave, Kent, WA 98032
      View Details
    • $5,100,000
      6,912 SF

      Stand-Alone Building For Sale

      Rare stand-alone building in Kent near SR-167.
      22645 76Th Ave S, Kent, WA 98032
      View Details
    • $1.50 SF/Yr
      11,500 SF

      Kent Warehouse Space Available

      Industrial warehouse space available for lease in Kent, Washington.
      6852-6876 S 220Th St, Kent, WA 98032
      View Details
    • Contact for pricing
      3,620 SF

      Kent Flex Space Available Now

      3,620 SF flex space with office and grade-level loading.
      7031 S 196Th St, Kent, WA 98032
      View Details
    • Contact for pricing
      4,025 SF

      Kent Retail Space Available

      Retail space available for lease in Kent, Washington.
      20038 68Th Ave S, Kent, WA 98032
      View Details
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    25100 74th S Ave
    Kent, WA 98032-6029
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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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