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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    743 Central N Ave Kent, WA 98032-3051

    • Hotels
    • 3,600 SF
    • 0.61 lot acres
    OFF-MARKET
    Value Estimations
    $280,000
    Show details
    Cap Rate Potential
    3.4%
    Hotels
    Location Intelligence
    Property ID
    US90-1132254
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Kent Valley Motel / Motel

    Property Details for 743 Central N Ave

    Year built
    1960
    Construction
    WOOD
    Lot size
    0.61 lot acres
    Property size
    3,600 SF
    Zone code
    GC-MU
    Property type
    Hotels
    Property subtype
    Motels
    APN
    132204-9050
    APU
    1322049050

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $315,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $244,000
      Market price range: $29.3k - $371k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Kent
    County
    King
    State
    Washington
    Longitude
    -122.232
    Latitude
    47.388
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $22,543
    $534,400
    $1,495,000
    $2,029,400
    -
    $534,400
    $1,495,000
    $2,029,400

    Comparable in this City

    • Value Estimation
      $315,000
      4,772 SF

      25006 Pacific S Hwy

      HOTEL/MOTEL • 4,772 SF
      25006 Pacific S Hwy, Kent, WA 98032-5436
      View Details
    • Value Estimation
      $260,000
      9,734 SF

      23408 30th S Ave

      HOTEL/MOTEL • 9,734 SF
      23408 30th S Ave, Kent, WA 98032-2825
      View Details
    • Value Estimation
      $795,000
      45,156 SF

      24415 Russell Rd

      HOTEL/MOTEL • 45,156 SF
      24415 Russell Rd, Kent, WA 98032-4233
      View Details
    • Value Estimation
      $6,580,000
      0.13 Acres

      Kent, WA 98032

      HOTEL/MOTEL • 0.13 Acres
      Kent, WA 98032
      View Details
    • Value Estimation
      $6,630,000
      34,577 SF

      25100 74th S Ave

      HOTEL/MOTEL • 34,577 SF
      25100 74th S Ave, Kent, WA 98032-6029
      View Details
    • Value Estimation
      $1,065,000
      53,216 SF

      22311 84th S Ave

      HOTEL/MOTEL • 53,216 SF
      22311 84th S Ave, Kent, WA 98032-1954
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      24,240 SF

      Downtown Kent Mixed-Use Property

      Prime Kent location, high potential.
      408 Central Ave, Kent, WA 98032
      View Details
    • Contact for pricing

      Kent Mixed-Use Redevelopment Opportunity

      Prime Kent location, huge potential!
      418 Central Ave, Kent, WA 98032
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    • $13,140,000
      43,799 SF

      Kent Warehouse with Cooler Space

      43,799 SF warehouse with cooler, dock, and grade-level loading.
      7327 S 228Th St, Kent, WA 98032
      View Details
    • $3,500,000
      26,536 SF

      Mixed-Use Asset in Active Submarket

      Two-story mixed-use property with income upside in South King County.
      235 1St Ave S, Kent, WA 98032
      View Details
    • $2,650,000

      Mixed-Use Investment Near Kent Station

      Mixed-use building with retail and residential units near Kent Station.
      100 Railroad Ave S, Kent, WA 98032
      View Details
    • $2,205,000
      5,880 SF

      Prime Downtown Kent Location

      Versatile property in the heart of Kent, WA.
      221 W Gowe St, Kent, WA 98032
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr
      102,000 SF

      CenterPointe Business Park Office Space

      Kent, WA Office Building - Multiple Suites Available
      18000 72Nd Ave, Kent, WA 98032
      View Details
    • Contact for pricing
      2,468 SF

      Kent Automotive Dealership - Lease

      Prime Kent location, 24,246 sq ft lot, 2,468 sq ft building.
      408 Central Ave, Kent, WA 98032
      View Details
    • $18 SF/Yr
      95,972 SF

      25316-25530 74Th Ave

      Office space • 95,972 SF
      25316-25530 74Th Ave, Kent, WA 98032
      View Details
    • Contact for pricing
      2,216 SF

      Kent Flex Space Available Now

      2,216 SF flex space with office and grade-level loading.
      19649-19657 70Th Ave S, Kent, WA 98032
      View Details
    • Contact for pricing
      42,049 SF

      Kent Warehouse with Rail Access

      42,049 SF warehouse with dock and rail doors.
      8030-8036 S 194Th St, Kent, WA 98032
      View Details
    • Contact for pricing
      43,796 SF

      Kent Warehouse Space Available

      43,796 SF warehouse space for lease in Kent, WA.
      20208 72Nd Ave S, Kent, WA 98032
      View Details
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    743 Central N Ave
    Kent, WA 98032-3051
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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