Financial
Distress signals
Property profile

5858 S 194Th St Kent, WA 98032

FOR LEASE
Manufacturing properties
Property ID
US90-3047426
46,742 SF 2.4 ac lot Built 2007
Last sale Feb 2024 · $11,700,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

An industrial space in Kent configured to provide approximately 5,000 to 10,726 square feet of usable area. The facility offers a 24-foot clear height and is set up for dry storage, with loading and unloading supported by three dock-high doors and one grade-level door.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$97k
Tax billed · 2024
Assessed value · 2023$8.46M
Assessed land$2.43M
Assessed improvement$6.03M
Effective rate1.15%

Value estimate

· Sep 2026
$11.70M
$10.53M – $12.87M
AI approach$11.70M
NOI build-up
Gross scheduled income$156k
Vacancy & credit loss−$10k
Operating expenses−$22k
NOI · 8,278,200.00% cap applied$124k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$381/SF
County average, outlier-cleaned · 166 recorded sales of this use type
Observed band · Q1–Q3$192 – $604

Cap rate analysis

How does the asset earn?
8,278,200.00%
$124k 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?
I2
The I2 mixed industrialdistrictis intended to accommodate a range of small, moderate and large scale industrialusesand activities with mo...
General categoryINDUSTRIAL
JurisdictionKING

Location intelligence

Which uses thrive at this corner?
Best fit: Electrical Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Electrical Service9.9
Parking Facility9.2
Convenience Store9.2

Location

5858 S 194Th St Kent, WA 98032
County assessor Recorded deeds · 11 transfers Qualifying comp sales · not on file 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 · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
25329 74th S, Kent, WA 98032-6037 $7,250,000 Mar 2024 23,835 SF
19713 58th S, Kent, WA 98032-3106 $7,600,000 Dec 2023 27,237 SF
6600 231st, Kent, WA 98032-1847 $13,775,000 Dec 2021 62,037 SF
21213 76th S, Kent, WA 98032-2443 $5,625,000 Apr 2021 36,668 SF
22431 83rd S, Kent, WA 98032-1989 $3,550,000 Nov 2020 38,540 SF
7848 202nd, Kent, WA 98032-1345 $5,500,000 Sep 2019 38,120 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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