Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,195,000
Commercial real estate
26220 116th SE Ave Kent, WA 98030-8663
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US90-3146982
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,368 SF
Lot
1.88 ac (82,097 SF)
Zoning code
CC-MU
APN
282205-9096
UPID
US90-3146982
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
-
Taqueria El Ranchito Restaurant
-
KeyMe Locksmiths Locksmith (Bike/Boat/Book/etc) Store
-
7-Eleven Grocery & Convenience Store
-
Chevron Gas Station
-
Mega Roofing Services Roofing Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.48M
Comparable Approach
Comparable
$1.53M
Blend (final)
Blend
$2.20M
Owner & transaction history
Ambika Investment LLC · 15 yrs held
Ambika Investment LLC
since 2011
7 recorded transactions
Zoning & alternative use
CC-MU · Kent, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the CCdistrictis to provide areas for limited commercial activities that serve several residential neighborhoods. It is also the purpose of thisdistrictto provide opportunities formixed use developmentwithin the designated mixeduseoverlay boundary, as designated by thecomprehensive plan
Zone name
Community Commercial And Mixed Use
General category
MIXED_USE
Zone area
301.35 ac
Source
Realmo
Top alternative use upside
Apartment house (5+ units)
$3.6M
+0.3%
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%
$2,685,000
6.5%
$2,475,000
7%
$2,300,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,580,000
Current use
APARTMENT HOUSE (5+ UNITS)
$3,595,000
Change: +0% · Conversion: Moderate
Blend value · Realmo final
$2.20M
Range $1.98M – $2.41M · ±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
$212 / 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
$32,088
Tax year 2022
Assessed value
$3,018,700
Assessed 2022
Previous assessed
$3,018,700
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$1,641,900
Assessed improvement
$1,376,800
Land market value
$1,641,900
Improvement market value
$1,376,800
Total market value
$3,018,700
Applied tax rate
1,526.0000
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
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
GAS
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Bathrooms
1
Total area
10,368 SF
Lot
1.88 ac (82,097 SF)
Zoning code
CC-MU
APN
282205-9096
UPID
US90-3146982
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CC-MU · Kent, WAZoning CC-MU · permitted uses
CC-MU · Kent, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the CCdistrictis to provide areas for limited commercial activities that serve several residential neighborhoods. It is also the purpose of thisdistrictto provide opportunities formixed use developmentwithin the designated mixeduseoverlay boundary, as designated by thecomprehensive plan
Zone name
Community Commercial And Mixed Use
General category
MIXED_USE
Zone area
301.35 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$3.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.6M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
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
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
GAS
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
1
Lot
1.88 ac
Current owner
From public records · entity-resolved
Ambika Investment LLC
Entity
Mailing address
26220 116TH AVE SE STE #201, KENT, WA 98030-8663
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2020
—
Ambika Investment LLC
—
Deed
related
$4,500,000 · Sound Community Bank
May 17, 2011
—
Ambika Investment LLC
Ambika INC
Quit Claim Deed
—
Jun 15, 2005
$550,000
Ambika INC
Tm Investment Co INC
Warranty Deed
$1,605,000 · Homestreet Bank
Jan 20, 2000
$30,000
T M Investment Co
Kent City (wa)
Quit Claim Deed
related
—
Jan 12, 1999
—
Kent City (wa)
Tm Investment Co
Quit Claim Deed
related
—
Mar 27, 1997
$475,000
Tm Investment Co
Elberton,joan E
Grant Deed
—
—
—
Tm Investment Co INC
—
Deed Of Trust
related
$298,133 · Sound Community Bank
—
—
Ambika INC
—
Deed Of Trust
related
$395,000 · Homestreet 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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 26220 116th SE Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
