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Property profile & analytics
OFF-MARKET
Estimated value
$1,655,000
Commercial real estate
25248 Pacific S Hwy Kent, WA 98032-6530
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-2474155
Property summary
AI-generated overview
This 7,200 square foot retail property, located at 25248 Pacific Hwy S in Kent, WA 98032 (King County, SeaTac/Burien submarket), offers a prime opportunity. Currently configured as multiple tenancies, one 702 square foot space is immediately available. The property boasts a highly visible end-cap location within a busy Fred Meyer center, experiencing over 27,000 cars daily. Ample parking is provided with a 5/1000 ratio and a shared parking agreement throughout the center. Strong co-tenancy includes Petco, Fred Meyer Fuel Center, Buffalo Wild Wings, Pacific Dental, ATI Physical Therapy, and Wendy's. The property benefits from convenient access to I-5 and the new Kent light rail station. The available space is divisible into 706 and 1,622 square foot units. While previously used for retail, the landlord will consider food-related tenants. The space features 400 amps of power. A virtual tour is available online. APN: 212204-9168.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2015
Construction
WOOD
Total area
7,309 SF
Lot
0.76 ac (33,260 SF)
Zoning code
CM
APN
212204-9168
UPID
US90-2474155
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
-
Kent Smiles Dentistry Dental Office
-
Dr. Joonil Park Dental Office
-
KeyBank ATM Atm
-
Wilson D Lee Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.75M
Comparable Approach
Comparable
$1.16M
Blend (final)
Blend
$1.66M
Owner & transaction history
Kent Covenant Group LLC · 7 yrs held
Kent Covenant Group LLC
since 2019
7 recorded transactions
Zoning & alternative use
CM · Kent, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
It is the purpose of the CMdistrictto provide locations for those types of developments which combine some characteristics of both retail establishments and small scale, light industrial operations, heavy commercial and wholesaleuses, and specialty manufacturing
Zone name
Commercial Manufacturing
General category
INDUSTRIAL
Zone area
357.89 ac
Source
Realmo
Top alternative use upside
Apartment house (5+ units)
$2.5M
+12.5%
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%
$1,890,000
6.5%
$1,745,000
7%
$1,620,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,250,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,535,000
Change: +13% · Conversion: Moderate
OFFICE BUILDING
$1,905,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$1.66M
Range $1.49M – $1.82M · ±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
$226 / 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
$24,216
Tax year 2022
Assessed value
$2,499,700
Assessed 2022
Previous assessed
$2,499,700
+0.0% YoY
Effective rate
0.97%
On assessed value
Assessed land
$1,164,100
Assessed improvement
$1,335,600
Land market value
$1,164,100
Improvement market value
$1,335,600
Total market value
$2,499,700
Applied tax rate
1,452.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2015
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Total area
7,309 SF
Lot
0.76 ac (33,260 SF)
Zoning code
CM
APN
212204-9168
UPID
US90-2474155
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CM · Kent, WAZoning CM · permitted uses
CM · Kent, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
It is the purpose of the CMdistrictto provide locations for those types of developments which combine some characteristics of both retail establishments and small scale, light industrial operations, heavy commercial and wholesaleuses, and specialty manufacturing
Zone name
Commercial Manufacturing
General category
INDUSTRIAL
Zone area
357.89 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.5M
OFFICE BUILDING
Est. value
$1.9M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2015
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Lot
0.76 ac
Current owner
From public records · entity-resolved
Kent Covenant Group LLC
Entity
Mailing address
31423 48TH AVE S, AUBURN, WA 98001-3718
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 25, 2019
—
Kent Covenant Group LLC
Kent Covenant Group LLC
Correction Deed
related
—
Jul 24, 2019
—
Kent Covenant Group LLC
Kent Covenant Group LLC
Correction Deed
related
—
Jul 17, 2019
$3,950,000
Dhami Ents LLC
Kent Covenant Group LLC
Warranty Deed
$2,450,000 · Tiaa Fsb
Jul 12, 2019
—
Kent Covenant Group LLC
Kent Covenant Group LLC
Quit Claim Deed
related
—
Dec 1, 2017
—
Kent Covenant Group LLC
—
Deed
related
$2,350,000 · Miscellaneous Ins Co
Jun 5, 2014
$1,325,000
Kent Covenant Group LLC
Wl Kent LLC
Warranty Deed
$767,000 · Western Alliance Bank
Jul 28, 2011
—
Wl Kent LLC
—
Deed Of Trust
related
$5,909,000 · Washington Trust Bank
Feb 4, 2010
—
Wl Kent LLC
—
Deed Of Trust
related
$5,909,000 · Washington Trust Bank
Dec 19, 2007
—
Wl Kent LLC
Fred Meyer Stores INC
Quit Claim Deed
related
—
Nov 16, 2006
$2,500,000
Fred Meyer Stores INC
Hyun Family LLC
Grant Deed
—
Mar 20, 2001
—
Hyun Family LLC
Hyun,shik & Mikyong
Quit Claim Deed
related
—
—
—
Kent Covenant Group LLC
—
Deed Of Trust
related
$2,350,000 · Miscellaneous Ins Co
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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