20602 108th Ave SE, Kent, WA 98031

NNN Retail · Kent · Seattle-Bellevue metro, WA

Imagery suggests: strip mall, appears multi-tenant. AI estimate from public imagery. In recent public imagery (2026-06), the building appears well maintained. AI estimate from public imagery; may be outdated.

One of 337 reachable nnn retail buildings in Kent. Larger than 93% of nnn retail buildings in Kent (median 5,840 SF), derived from assessor records.

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Building size: 46,850 SF, King County Assessor
Lot size: 175,178 SF, King County Assessor
Year built: 1989, King County Assessor
Stories: 1, King County Assessor
Buildings on parcel: 2, King County Assessor
Predominant use: 24 Hour Fitness, King County Assessor
Assessed value: $5,924,900, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $126.47/SF, derived from assessor records
Lot coverage: 27%, derived from assessor records
Vintage: 1980s vintage
Zoning: CC-MU, King County
County use code: Shopping Ctr(Nghbrhood)
Parking (observed): surface lot, AI estimate from public imagery
Frontage (observed): mid block, AI estimate from public imagery

Nearby comparable buildings

Same building type, by distance. Assessor facts only; not an opinion of value.

20632 108th Ave SE, Kent · 0 mi · 14,760 SF · built 1989 · assessed $142.85/SF
20712 108th Ave SE, Kent · 0.1 mi · 4,800 SF · built 1969 · assessed $266.38/SF
20536 108th Ave SE, Kent · 0.1 mi · 47,808 SF · built 1989 · assessed $243.99/SF
10840 SE 208th St, Kent · 0.1 mi · 4,900 SF · built 1995 · assessed $222.39/SF
20746 108th Ave SE, Kent · 0.1 mi · 2,288 SF · built 1992 · assessed $667.22/SF
20727 108th Ave SE, Kent · 0.1 mi · 2,680 SF · built 1986 · assessed $345.75/SF

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Sale history and market context

MakeMe Estimate: $8,934,281 (estimated market value), with a likely range of $6,547,870 to $10,448,809 (half of recent verified sales in this segment landed inside that range). Based on 79 verified arm's-length comparable sales (through 2026-05-29). Not an appraisal. How this estimate works.

Last sold: 2015-11-17 for $4,650,000 (recorded arm's-length sale).

Current ownership dates to 2015 (about 11 years) per recorded transfers.

2022-05-03: transfer from PWRP Kent LLC to Panther Lake Property Owner LLC (part of a 4-parcel sale; price is the whole deal), rec. 20220503001432

2015-11-17: $4,650,000 from Abs Surplus-O LLC to PWRP-Kent LLC, rec. 20151207000378

3 administrative transfers (no consideration), 2006 to 2015

1988-09-26: $1,000,000 from Panther Lake Joint Venture to Albertsons INC, rec. 198809261267

Source: King County recorded sales extract; buyer and seller shown only when a company or organization. Individual names are withheld.

Value over time

Solid line: county appraised value per King County tax rolls. Shaded range: our modeled estimate for each year, built from recorded arm's-length sales in the building's segment; years without enough sales stay unmodeled. Dots: recorded arm's-length sales. Not an appraisal. How this estimate works.

Land, site, and value history

Assessed value moved from $5,636,600 (2011) to $5,924,900 (2026), up 5% over 15 years, per county tax rolls. The 2026 roll splits $5,924,900 into $3,503,500 land and $2,421,400 improvements.

Zoning: CC-MU (per King County)

Lot: 175,178 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Fitness Center 44,536 SF; Fast Food Restaurant 579 SF (county building sections)

County districts report (schools, fire, sewer, council; on kingcounty.gov)

Permit history

2023-05-10: Building, New, declared value $103,816 (Complete), permit CNST-2222181

2018-04-16: Remodel, declared value $2,835,847 (Complete), permit CNST-2180438

2018-03-05: Remodel, declared value $275,000 (Complete), permit CNST-2175076

2000-08-10: Other, declared value $1,500,000 (Complete), permit B00M0131

Source: King County permit records (newest first).