$2,300,000 5,993 SF

940 Central Ave N, Kent, WA 98032
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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 · 2022

What does the county charge?

$13k

Tax billed · 2022

Assessed value$1.24M

Assessed land$599k

Assessed improvement$641k

Effective rate1.07%

Value estimate

· Oct 2026

$1.05M

$941k – $1.15M

CAP approach$1.33M

NOI build-up

Gross scheduled income$198k

Vacancy & credit loss−$31k

Operating expenses−$42k

NOI · 5.45% cap applied$125k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?

$395/SF

County average, outlier-cleaned · 123 recorded sales of this use type

Observed band · Q1–Q3$227 – $570

Cap rate analysis

How does the asset earn?

5.45%

$125k 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?

The purpose and intent of the general commercial district is to provide for the location of commercial areas developed along certain majo...

General categoryCOMMERCIAL

JurisdictionKING

Location intelligence

Which uses thrive at this corner?

Best fit: Garden Center

Demand heat for this use is drawn on the map · LocInt grid

Demand index

Garden Center13.0

HVAC Service12.4

Skin Care Clinic11.3

940 Central Ave N Kent, WA 98032

County assessor Recorded deeds · not on file 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

3 recorded sales · 13 properties nearby

Address Sale price Sold Size

613 Gowe, Kent, WA 98032 $1,775,000 Feb 2026 9,726 SF

26136 Pacific S, Kent, WA 98032-6910 $1,195,000 Dec 2025 3,212 SF

26238 Pacific S, Kent, WA 98032-6934 $1,550,000 Nov 2022 4,882 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

Value Estimation
$1,000,000

5,346 SF

221 2nd S Ave

MEDICAL BUILDING

221 2nd S Ave, Kent, WA 98032-5873

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Value Estimation
$1,180,000

6,914 SF

510 Washington N Ave

DENTAL BUILDING

510 Washington N Ave, Kent, WA 98032-4453

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Value Estimation
$1,375,000

4,882 SF

26238 Pacific S Hwy

MEDICAL BUILDING

26238 Pacific S Hwy, Kent, WA 98032-6934

View Details
Value Estimation
$915,000

4,134 SF

24713 36th S Ave

DENTAL BUILDING

24713 36th S Ave, Kent, WA 98032

View Details
Value Estimation
$755,000

4,116 SF

233 2nd S Ave

MEDICAL BUILDING

233 2nd S Ave, Kent, WA 98032-5852

View Details
Value Estimation
$1,680,000

9,726 SF

613 Gowe St

DENTAL BUILDING

613 Gowe St, Kent, WA 98032

View Details

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