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Financial
Distress signals
Property profile

422 3rd S Ave Kent, WA 98032

OFF-MARKET
Retail space
Property ID
US90-1586133
3,057 SF 0.32 ac lot Built 1938
Last sale Mar 2021 · $600,000
Individually Owned Owner of record is an individual. 5-yr Hold Held for 5 years.
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Property summary

AI-generated overview

This exceptional commercial property, located at 422 3rd Ave S in Kent, Washington, presents a unique opportunity for businesses seeking a versatile space. The building, constructed in 1938, boasts a total of 3,057 square feet, all currently available for lease as a single tenant space. The property is classified as a Class B building and features two stories. The building sits on a 0.32-acre lot (13,939 square feet) and is zoned DCE (Downtown Commercial Enterprise). The property includes a…

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?
$12k
Tax billed · 2022
Assessed value$566k
Assessed land$324k
Assessed improvement$242k
Effective rate2.18%

Value estimate

· Oct 2026
$555k
$500k – $611k
AI approach$535k
CAP approach$690k

Realmo valuation models over county records and 14 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 comparables14

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

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: Veterinary Clinic
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Veterinary Clinic8.7
Laundry Service8.7
Tailor Shop8.7

Location

422 3rd S Ave Kent, WA 98032-5842
County assessor Recorded deeds · 2 transfers 14 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

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1637 Meeker, Kent, WA 98032-4396 $2,500,000 Mar 2024 3,920 SF
23647 Pacific S, Kent, WA 98032-2713 $890,000 Feb 2022 4,020 SF
1809 Meeker, Kent, WA 98032-4793 $1,934,983 Oct 2021 2,470 SF
8815 180th, Kent, WA 98032-1030 $2,500,000 Jan 2021 2,725 SF
22422 84th S, Kent, WA 98032 $6,700,000 Sep 2020 3,010 SF
21731 84th S, Kent, WA 98032-1969 $530,000 Jan 2020 3,010 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
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