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Property profile & analytics
OFF-MARKET
Drive through restaurants
501 Central N Ave Kent, WA 98032-4512
Individually Owned
22-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-1603727
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
962 SF
Lot
0.12 ac (5,253 SF)
Zoning code
GC-MU
APN
184970-0155
UPID
US90-1603727
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
-
El Senor Pollo De Kent Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Heyoung Y Chung · 22 yrs held
Heyoung Y Chung
since 2003
6 recorded transactions
Zoning & alternative use
GC-MU · Kent, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose and intent of the general commercial district is to provide for the location of commercial areas developed along certain major thoroughfares to provide use incentives and development standards and to provide for a range of trade, service, entertainment, and recreation land uses which occur adjacent to major traffic arterials and residential uses.…
Zone name
General Commercial And Mixed Use
General category
MIXED_USE
Zone area
321.57 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2024Property tax & assessments
Tax year 2024
Tax billed
$3,527
Tax year 2024
Assessed value
$298,800
Assessed 2023
Previous assessed
$298,800
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$120,000
Assessed improvement
$178,800
Land market value
$120,000
Improvement market value
$178,800
Total market value
$298,800
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Total area
962 SF
Lot
0.12 ac (5,253 SF)
Zoning code
GC-MU
APN
184970-0155
UPID
US90-1603727
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
GC-MU · Kent, WAZoning 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
Zoning description
The purpose and intent of the general commercial district is to provide for the location of commercial areas developed along certain major thoroughfares to provide use incentives and development standards and to provide for a range of trade, service, entertainment, and recreation land uses which occur adjacent to major traffic arterials and residential uses. It is also the purpose of this district to provide opportunities for mixed use development within the designated mixed use overlay boundary, as designated by the comprehensive plan
Zone name
General Commercial And Mixed Use
General category
MIXED_USE
Zone area
321.57 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Heyoung Y Chung
Individual
Free & Clear · 22 yrs held
Mailing address
18125 40TH AVE W, LYNNWOOD, WA 98037-3817
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 4, 2003
$65,000
Heyoung Y Chung
Moon,henam
Quit Claim Deed
related
—
Jul 23, 2003
—
Kent City (wa)
Yoon,henam
Grant Deed
related
—
May 4, 1999
—
Henam Yoon
Yang Sisters INC
Quit Claim Deed
related
$104,000 · Frontier Bank
Aug 1, 1989
$90,000
Yang Sisters INC
Kibbey,paul H&be
Grant Deed
$99,900 · Seller
—
—
Henam Yoon
—
Deed Of Trust
related
$50,000 · Key Bank Of Washington
—
—
Heyoung Y Chung
—
Deed Of Trust
related
$150,000 · Unibank
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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