Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$795,000
Commercial land
Kent, WA 98032
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-2115197
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1936
Total area
950 SF
Lot
0.24 ac (10,530 SF)
Zoning code
DCE
APN
982570-0945
UPID
US90-2115197
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$810k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$795k
Owner & transaction history
Ovation At Meeker LLC · 5 yrs held
Ovation At Meeker LLC
since 2021
Last sale
$768,000
7 recorded transactions
Zoning & alternative use
DCE · Kent, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of thisdistrictis to encourage and promote higher density development and a variety and mixture of compatible retail, commercial, residential, civic, recreational, and service activities in the downtown area, to enhance the pedestrian oriented character of the downtown
Zone name
Downtown Commercial Enterprise
General category
CIVIC_INSTITUTIONAL
Zone area
242.43 ac
Source
Realmo
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Kent submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kent submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$825,000
ML approach
$810,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$795k
Range $716k – $875k · ±10% · vs last sale $768k (Jun 3 2021)
Last sale anchor
$768k
Jun 3 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$837 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$121
Tax year 2022
Assessed value
$284,300
Assessed 2022
Previous assessed
$284,300
+0.0% YoY
Effective rate
0.04%
On assessed value
Assessed land
$284,300
Land market value
$284,300
Total market value
$284,300
Applied tax rate
1,526.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1936
Heating
FLOOR/WALL FURNACE
Stories
1
Bathrooms
1
Total area
950 SF
Lot
0.24 ac (10,530 SF)
Zoning code
DCE
APN
982570-0945
UPID
US90-2115197
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
DCE · Kent, WAZoning DCE · permitted uses
DCE · Kent, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of thisdistrictis to encourage and promote higher density development and a variety and mixture of compatible retail, commercial, residential, civic, recreational, and service activities in the downtown area, to enhance the pedestrian oriented character of the downtown
Zone name
Downtown Commercial Enterprise
General category
CIVIC_INSTITUTIONAL
Zone area
242.43 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1936
Heating
FLOOR/WALL FURNACE
Stories
1
Bathrooms
1
Lot
0.24 ac
Current owner
From public records · entity-resolved
Ovation At Meeker LLC
Entity
Mailing address
10900 NE 8TH ST STE #1200, BELLEVUE, WA 98004-4460
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2022
—
Ovation At Meeker LLC
—
Deed
related
$46,000,000 · Us Bank NA
Jun 3, 2021
—
Ovation At Meeker LLC
Ovation At Meeker Manager LLC
Intrafamily Transfer
related
$46,000,000 · Us Bank NA
May 28, 2021
—
City Of Kent
Kanne Curran Investments LLC
Quit Claim Deed
related
—
Jan 8, 2020
—
Kanne Curran Investments LLC
Keelin Curran
Quit Claim Deed
related
—
Dec 19, 2019
—
Keelin Curran
Heart Of Kent Properties LLC
Quit Claim Deed
related
—
Sep 14, 2006
—
Heart Of Kent Properties LLC
Curran,charles P & Patricia J
Quit Claim Deed
related
—
Apr 13, 2005
$768,000
Charles P Curran
Columbia State Bank
Warranty Deed
—
Aug 12, 1997
$193,824
Columbia State Bank
Roberts,stephen O & Lynn
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Own this property?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
