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

    27333 132nd SE Ave Kent, WA 98042-9036

    • Warehouses
    • 18,740 SF
    • 2.54 lot acres
    OFF-MARKET
    Value Estimations
    $2,920,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-0738193
    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

    • Public Storage / Automobile Storage Facility / Boat Storage Facility
    • Erin Marie Stierle / Debris Removal Service

    Property Details for 27333 132nd SE Ave

    Year built
    1978
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.54 lot acres
    Property size
    18,740 SF
    Zone code
    CC
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    332205-9171
    APU
    3322059171

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,085,000
      6.5%
      $2,845,000
      7%
      $2,640,000

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $4,850,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Kent
    County
    King
    State
    Washington
    Longitude
    -122.167
    Latitude
    47.3561
    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
    $79,737
    $2,489,400
    $4,582,600
    $7,072,000
    -
    $2,489,400
    $4,582,600
    $7,072,000

    Comparable in this City

    • Value Estimation
      $9,515,000
      90,480 SF

      27115 164th SE Ave

      MINI-WAREHOUSE, STORAGE • 90,480 SF
      27115 164th SE Ave, Covington, WA 98042-8240
      View Details
    • Value Estimation by Request
      50,560 SF

      15610 272Nd St

      Self storage facilities • 50,560 SF
      15610 272Nd St, Kent, WA 98042
      View Details
    • Value Estimation
      $1,905,000
      20,320 SF

      15460 272nd St

      MINI-WAREHOUSE, STORAGE • 20,320 SF
      15460 272nd St, Kent, WA 98042-4231
      View Details
    • Value Estimation by Request
      10,095 SF

      26901 185th SE Ave

      MINI-WAREHOUSE, STORAGE • 10,095 SF
      26901 185th SE Ave, Covington, WA 98042-5648
      View Details
    • Value Estimation
      $810,000
      10,192 SF

      27623 Covington SE Way

      INDUSTRIAL (GENERAL) • 10,192 SF
      27623 Covington SE Way, Covington, WA 98042-9137
      View Details
    • Value Estimation by Request
      19.74 Acres

      27631 Covington Way

      Land • 93,600 SF
      27631 Covington Way, Covington, WA 98042
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      19.74 Acres

      Covington Industrial Center

      93,600 SF Industrial Building, 19.74 Acres
      27631 Covington Way, Covington, WA 98042
      View Details
    • Contact for pricing

      Covington Industrial Land for Sale

      19.74 acres near Highway 18, South King County.
      27631 Covington Way SE, Covington, WA 98042
      View Details
    • $1,500,000
      20,568 SF

      Professional Office Land Available

      Land with permits imminent, adjacent to Walmart entrance.
      27013-27019 176Th Pl SE, Covington, WA 98042
      View Details
    • $769,000

      Land in Town Center Zoning

      Land suitable for day care, office, or mixed-use development.
      17018 SE Wax Rd, Covington, WA 98042
      View Details
    • $99,950
      721 SF

      Remodeled Single-Wide Home with Sunroom

      Remodeled single-wide home featuring new appliances, sunroom, and walking trail.
      15232 SE 272Nd St, Kent, WA 98042
      View Details
    • $279,500
      2.51 Acres

      Kent 2.51-Acre Residential Land

      Build your dream home on this peaceful, fenced lot.
      228xx 178Th Ave, Kent, WA 98042
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      247,409 SF

      Class A Industrial Building

      247,409 SF industrial building with excellent highway access.
      28009 Covington Way SE, Covington, WA 98042
      View Details
    • Contact for pricing
      12,536 SF

      Kent Warehouse Space Available

      12,536 SF warehouse with office space in Kent, WA.
      22012-22014 S 220Th St, Kent, WA 98042
      View Details
    • Contact for pricing
      1,242 SF

      Kent Flex Space For Rent

      High-quality business park with flexible floor plans and expansion options.
      6613 S 192Nd Pl, Kent, WA 98042
      View Details
    • Contact for pricing
      2,043 SF

      Retail Space in Covington, WA

      Retail property available for lease in Covington, Washington.
      27027-27193 185Th Ave SE, Covington, WA 98042
      View Details
    • $3,700 /Mo
      2,550 SF

      Maple Hills Home with Modern Amenities

      Spacious 4-bedroom home in Maple Hills, available for rent.
      20438 SE 256Th St, Covington, WA 98042
      View Details
    • Contact for pricing
      1,531 SF

      Retail Space in Kent, WA

      Retail space available for rent in Kent, Washington.
      16735 SE 272Nd St, Kent, WA 98042
      View Details

    Property Visit Statistics

    • Visits by month
      3.4k
    • Visitors by month
      2.4k
    • Avg Time on site
      31 min
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    27333 132nd SE Ave
    Kent, WA 98042-9036
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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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