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    Property profile & analytics

    855 4Th Ave Kent, WA 98032

    • Commercial real estate
    • 1.20 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US90-0980948
    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

    • gloriamacias.com / Skin Care Clinic

    Property Details for 855 4Th Ave

    Year built
    1986
    Lot size
    1.20 lot acres
    Property type
    Commercial real estate
    APN
    132204-9231, 132204-9176

    Description

    This 13-unit apartment building, located at 855 4th Ave N, Kent, WA 98032, presents a compelling value-add investment opportunity. The property, built in 1986 and renovated in 2005, boasts 14,200 square feet of net rentable space situated on a 1.2-acre lot. All 13 units are two-bedroom, two-bathroom apartments, each averaging over 1,000 square feet and featuring modern amenities including in-unit washer/dryer, private balconies, and dedicated garage parking (12 spaces total). Currently operating at 100% occupancy (as of October 1, 2024), the property offers significant rental upside due to below-market rents. The property's strong pro-forma NOI of $208,231 translates to a 6.48% pro-forma cap rate on the $3,055,000 asking price. Its strategic location near Kent Station and the future Kent-Des Moines Link Light Rail Station, coupled with proximity to Kent Valley's thriving industrial market, ensures strong tenant demand and future appreciation. The property is zoned MR-G and features stainless steel appliances and vinyl plank flooring in nearly all units. This well-maintained, owner-operated building presents a turnkey investment with substantial potential for increased returns. The King County Assessor's Parcel Numbers are 132204-9231 and 132204-9176.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Kent
    County
    King
    State
    Washington
    Longitude
    -122.2385866
    Latitude
    47.3899896

    Comparable in this City

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      Mixed-Use Building Near Kent Station

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    • $2,650,000
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      Meeker Street Mixed-Use Building

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    Similar Nearby for Sale

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    • $2,650,000
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    • $2,650,000
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      Meeker Street Mixed-Use Building

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    Similar Nearby for Lease

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    855 4Th Ave
    Kent, WA 98032
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    Realmo Value Estimation

    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.

    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.

    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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