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Property profile & analytics
OFF-MARKET
Estimated value
$2,740,000
Grocery and convenience stores
320 Meeker St, Kent, WA 98030-5945
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US90-3356950
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1948
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
14,000 SF
Lot
0.76 ac (33,024 SF)
Zoning code
GC-MU
APN
917960-0860
UPID
US90-3356950
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
-
Pho Lam Restaurant
-
Hong Kong Market Specialty Food Shop Supermarket
-
Fleeting Car Accident Lawyer Network Law Firm
-
Thanh Salon Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.16M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.74M
Owner & transaction history
Peter & Denh Investment LLC · 18 yrs held
Peter & Denh Investment LLC
since 2007
3 recorded transactions
Zoning & alternative use
GC-MU · 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%
$3,425,000
6.5%
$3,160,000
7%
$2,935,000
Blend value · Realmo final
$2.74M
Range $2.47M – $3.01M · ±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
$196 / 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
$37,934
Tax year 2022
Assessed value
$3,343,300
Assessed 2022
Previous assessed
$3,343,300
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$660,400
Assessed improvement
$2,682,900
Land market value
$660,400
Improvement market value
$2,682,900
Total market value
$3,343,300
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1948
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Buildings
2
Stories
1
Total area
14,000 SF
Lot
0.76 ac (33,024 SF)
Zoning code
GC-MU
APN
917960-0860
UPID
US90-3356950
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
GC-MU · Kent, WA
Zoning GC-MU · permitted uses
GC-MU · 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
1948
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Buildings
2
Lot
0.76 ac
Current owner
From public records · entity-resolved
Peter & Denh Investment LLC
Entity
Mailing address
3525 S CHICAGO ST, SEATTLE, WA 98118-4030
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 10, 2018
—
Peter & Denh Investment LLC
—
Grant Deed
related
$1,300,000 · First Citizens Bk
Jul 24, 2007
$2,030,000
Peter & Denh Investment LLC
Unique Salvage Corp
Grant Deed
$1,522,500 · Unique Salvage Corp
May 20, 2004
$1,200,000
Unique Salvage Corp
Knudtsen Enterprises II
Grant Deed
$975,000 · Knudtsen Enterprises II
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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