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Financial
Distress signals
Property profile

8208 State Highway 104 NE Kingston, WA 98346

FOR LEASE
Retail space
Property ID
US90-1416734
9,750 SF 1.11 ac lot Built 1999
Last sale Nov 2001 · $3,061,124
Entity Owned Owner of record is a legal entity (LLC / corporation). 18-yr Hold Held for 18 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a retail unit located within a grocery-anchored shopping center. The shopping center is positioned along a main arterial through Kingston, near the Ferry Dock area, providing access aligned with day-to-day retail shopping traffic. The listing notes that NNN-related charges are provided only as estimates and that commissions, where applicable, were structured around base rent during the initial term and not on options, renewals, or extensions; the specific unit layout and any…

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.

Debts

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?
$27k
Tax billed · 2024
Assessed value$3.10M
Assessed land$251k
Assessed improvement$2.85M
Effective rate0.87%

Value estimate

· Oct 2026
$2.10M
$1.89M – $2.30M
CAP approach$1.74M
Submarket $/SF estimate$1.94M
NOI build-up
Gross scheduled income$43k
Vacancy & credit loss−$3k
Operating expenses−$12k
NOI · 115,920.83% cap applied$28k

Realmo valuation models over county records and 13 qualifying comparable sales.

Recently sold

What actually traded nearby?
$275/SF
County average, outlier-cleaned · 88 recorded sales of this use type
Observed band · Q1–Q3$120 – $413
Qualifying comparables13

Cap rate analysis

How does the asset earn?
115,920.83%
$28k 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?
NC
A. Neighborhood Commercial (NC) These commercial centers occur on smaller sites and are intend to provide for the quick stop shopping nee...
General categoryCOMMERCIAL
JurisdictionKITSAP

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply9.6
Dental Office9.0
Electrical Service9.0

Location

8208 State Highway 104 NE Kingston, WA 98346
County assessor Recorded deeds · 5 transfers 13 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 · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
6018 State Hwy 104, Kingston, WA 98346-7415 $4,500,000 Dec 2025 3,560 SF
27099 Miller Bay NE, Kingston, WA 98346-9473 $2,270,000 Nov 2023 6,450 SF
26563 Lindvog NE, Kingston, WA 98346-9634 $1,250,000 Nov 2021 4,639 SF
27000 Miller Bay NE, Kingston, WA 98346-9371 $6,168,437 Mar 2021 18,187 SF
25960 Central NE, Kingston, WA 98346 $888,125 Apr 2019 2,082 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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