100 Railroad AveKent, WA 98032

Property Details for 100 Railroad Ave

Year built

1912

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.13 AC

Property size (Sq ft)

10,324 SF

Zone code

DCE

Property type

Outlet malls

APN

917960-0815

APU

9179600815

Description

This exceptional mixed-use property in Kent, WA, presents a prime investment opportunity. Located at 100 Railroad Avenue S, this well-maintained building boasts a total of nine units: six spacious residential units on the second floor and three retail units on the ground level, offering a diverse income stream. The property sits on a 0.13-acre lot and is strategically positioned near Kent Station, providing convenient access to public transportation and a vibrant commercial district. Recent improvements include a new roof installed in 2019, and further roof work completed in 2023 over the restaurant space, significantly reducing future maintenance expenses. The building's current cap rate stands at 6%, indicating strong potential for return on investment. Its prime location, close proximity to shops, cafes, and restaurants, ensures high tenant occupancy and customer traffic for the retail spaces. This property is ideal for investors seeking a stable, high-yield asset with significant growth potential in a thriving urban area. The asking price is $2,800,000.

• CAP approach

  CAP return

  Valuation

  6%

  $3,654,842

  6.5%

  $3,373,700

  7%

  $3,132,721

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,841,848

  Geo Method

  $5,010,254

• Alternative Use

  Use

  Valuation

  Residential

  $2,845,842

  Hospitality

  $2,606,776

  Educational

  $2,168,807

  Medical

  $2,243,396

  Retail

  $3,373,700

Location Insight

City

Kent

County

King

State

Washington

Latitude

47.3815

Longitude

-122.232

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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