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Property profile

403 W Meeker St Kent, WA 98032

FOR LEASE
Outlet malls
Property ID
US90-0167117
26,060 SF 0.66 ac lot Built 1957
Last sale Jul 1999 · $1,055,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 22-yr Hold Held for 22 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon
403 W Meeker St, Kent, WA 98032 For Lease
Contact for pricing 14,667 SF available
403 W Meeker St, Kent, WA 98032
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$29k
Tax billed · 2022
Assessed value$2.42M
Assessed land$662k
Assessed improvement$1.76M
Effective rate1.20%

Value estimate

· Oct 2026
$3.33M
$2.99M – $3.66M
NOI build-up
Gross scheduled income$382k
Vacancy & credit loss−$29k
Operating expenses−$141k
NOI · 1,514,071.43% cap applied$212k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$392/SF
County average, outlier-cleaned · 399 recorded sales of this use type
Observed band · Q1–Q3$181 – $680
Qualifying comparables7

Cap rate analysis

How does the asset earn?
1,514,071.43%
$212k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
DCE
The purpose of thisdistrictis to encourage and promote higher density development and a variety and mixture of compatible retail, commerc...
General categoryCIVIC_INSTITUTIONAL
JurisdictionKING

Location intelligence

Which uses thrive at this corner?
Best fit: Laundry Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Laundry Service10.3
Storage Facility9.4
Tailor Shop9.3

Location

403 W Meeker St Kent, WA 98032
County assessor Recorded deeds · 4 transfers 7 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

4 recorded sales · 16 properties nearby
Recent sales nearby
4 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
215 Meeker, Kent, WA 98032-5820 $1,800,000 Jul 2025 9,217 SF
306 Central N, Kent, WA 98032 $16,591 Aug 2024 15,000 SF
1501 Central S, Kent, WA 98032-7419 $11,750,000 Jun 2022 6,000 SF
406 Meeker, Kent, WA 98032-5817 $2,400,000 Sep 2019 7,656 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby

Comparable nearby

  • Value Estimation
    $3,725,000
    26,060 SF
    821 Central S Ave
    WHOLESALE OUTLET, DISCOUNT STORE
    821 Central S Ave, Kent, WA 98032-6102
    View Details
  • Value Estimation
    $6,790,000
    29,683 SF
    315 Washington S Ave
    WHOLESALE OUTLET, DISCOUNT STORE
    315 Washington S Ave, Kent, WA 98032-5767
    View Details
  • Value Estimation
    $2,745,000
    20,800 SF
    1720 Central S Ave
    WHOLESALE OUTLET, DISCOUNT STORE
    1720 Central S Ave, Kent, WA 98032-7416
    View Details
  • Value Estimation
    $6,240,000
    43,040 SF
    921 Central N Ave
    WHOLESALE OUTLET, DISCOUNT STORE
    921 Central N Ave, Kent, WA 98032-3047
    View Details
  • Value Estimation
    $1,580,000
    15,000 SF
    306 Central N Ave
    WHOLESALE OUTLET, DISCOUNT STORE
    306 Central N Ave, Kent, WA 98032
    View Details
  • Value Estimation
    $1,675,000
    10,324 SF
    100 Railroad S Ave
    WHOLESALE OUTLET, DISCOUNT STORE
    100 Railroad S Ave, Kent, WA 98032-5941
    View Details

Similar Nearby for Sale

  • New
    Contact for pricing
    59,760 SF
    Corner Lot Retail Development Site
    Level corner-lot retail development site with TOD zoning (GC-MU-DCE) and access to Central Ave and nearby arterials.
    418 Central Ave N, Kent, WA 98032
    View Details
  • New
    $995,000
    1,395 SF
    Freestanding Retail Building with Drive-Through
    Vacant freestanding retail building with an existing drive-through lane and service window at a signalized corner.
    224 Central Avenue North, Kent, WA 98032
    View Details
  • New
    Contact for pricing
    840 SF
    Fully Leased Storefront Property
    Three tenants occupy the building, with access to SR 167, SR 516, and I-5.
    106 Central Ave N, Kent, WA 98032
    View Details
  • $5,500,000
    Flex Space with Fenced Yard
    Warehouse and office configuration with paved outdoor storage, vehicle parking, and a separate shop option.
    27802 Pacific Hwy S, Federal Way, WA 98032
    View Details
  • New
    $850,000
    Two-User Storefront Building
    Separate electrical service and panels support a configuration for two businesses.
    1520 Central Ave S, Kent, WA 98032
    View Details
  • New
    $89,950
    Updated Beauty Supply Storefront
    Retail operation with newer fixtures and improvements in an anchored shopping center.
    25248 Pacific Hwy S Unit 102, Kent, WA 98032
    View Details

Similar Nearby for Lease

  • New
    Contact for pricing
    2,000 sqft
    Retail Space Near Highway 167
    Retail space available in Alder Square near Highway 167.
    1404 Central Ave S, Kent, WA 98032
    View Details
  • New
    Contact for pricing
    12,940 sqft
    Retail Space in Kent, WA
    Retail property available for lease in Kent, Washington.
    23406-23424 Pacific Hwy S, Kent, WA 98032
    View Details
  • New
    Contact for pricing
    2,820 sqft
    Retail Storefront in Anchored Center
    Ground-floor storefront is immediately adjacent to a Starbucks in a shopping center and suits multiple service uses.
    6719 S 211th St, Kent, WA 98032
    View Details
  • New
    Contact for pricing
    840 sqft
    Retail Space with On-Site Parking
    An 840-square-foot suite is available for lease at Central Avenue and Meeker Street.
    106-110 Central Ave N, Kent, WA 98032
    View Details
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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