Property profile

8602 222nd St Kent, WA 98031

OFF-MARKET
Other industrial properties
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Property ID
US90-1160013
11,760 SF 3.68 ac Built 1988
Last sale Sep 2024·$11,112,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Property summary

AI-generated overview

The Anderson Center & Lakewood Business Park Portfolio consists of two industrial properties in Greater Seattle within the Puget Sound region, totaling approximately 184,350 square feet. The portfolio configuration includes multiple tenant spaces across a variety of industries, with leases arranged on staggered rollover schedules, and the properties are served by several transportation routes with connectivity to the Western United States. Ownership may be structured either as combined portfolio ownership or as separate ownership of the individual properties.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$103k
Tax billed · 2024
Assessed value · 2023$8.45M
Assessed land$3.73M
Assessed improvement$4.72M
Effective rate1.22%

Value estimate

· Nov 2026
$11.11M
$10.00M – $12.22M
AI approach$11.11M
Submarket $/SF estimate$7.10M

Realmo valuation models over county records and 4 qualifying comparable sales.

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
Qualifying comparables4

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

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: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency24.8
Law Firm19.5
Pharmacy15.1

Location

8602 222nd St Kent, WA 98031-1935
County assessor Recorded deeds · 8 transfers 4 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 · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
8803 218th, Kent, WA 98031-1945 $2,500,000 Jul 2025 6,624 SF
8740 228th, Kent, WA 98031-2449 $3,850,000 Oct 2024 22,230 SF
22620 85th S, Kent, WA 98031-2469 $4,340,000 Dec 2021 14,128 SF
22602 85th S, Kent, WA 98031 $1,860,000 Dec 2021 8,290 SF
8825 228th, Kent, WA 98031-2437 $5,250,000 May 2021 14,049 SF
8504 228th, Kent, WA 98031-1885 $930,000 Oct 2019 12,296 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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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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