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    OFF-MARKET
    Office buildings

    512 Meeker St, Kent, WA 98032-5762

    1,580 SF 0.08 ac lot Built 1902
    Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US90-1543313
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 512 West Meeker in the heart of downtown Kent, WA, offers a unique opportunity for businesses seeking a well-maintained and conveniently located space. The building boasts a recently completed (2024) remodel, featuring upgraded plank laminate flooring throughout, newly renovated bathrooms and kitchen equipped with modern appliances. New blinds and fresh paint enhance the modern aesthetic, complemented by high-tech wiring for optimal functionality. The property sits on a sizable 0.17-acre lot, providing ample parking with seven designated spaces on-site, plus abundant street parking. The two-level building comprises three private offices, a versatile conference/media room, and a comprehensive alarm system for enhanced security. Its prime downtown location offers unparalleled convenience, situated near the courthouse, banks, city hall, and a variety of restaurants and businesses. The lease price is $4000 per month, and the tenant is responsible for utilities and janitorial services. The property is available for occupancy beginning February 2025. This is an ideal location for a business seeking a professional, well-equipped, and conveniently located office space in the thriving city of Kent. The building's recent upgrades and ample parking make it a highly desirable option. Don't miss this chance to secure your business's future in this vibrant downtown setting.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1902
    Construction FRAME
    Total area 1,580 SF
    Lot 0.08 ac (3,600 SF)
    Zoning code DCE
    APN 982570-0985
    UPID US90-1543313
    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
    • Personal Financial Planning Financial Advisor
    • Brown Jo Anne Financial Advisor
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Multani Investment LLC · 2 yrs held
    Multani Investment LLC
    since 2024
    Last sale
    $450,000
    4 recorded transactions
    2024
    $450,000
    1994
    $94,000
    1993
    $73,000
    1993
    Zoning & alternative use
    DCE · Kent, WA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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