24121 116th Ave SE, Kent, WA 98030
Commercial · Kent · Seattle-Bellevue metro, WA
One of 163 reachable commercial buildings in Kent. Larger than 82% of commercial buildings in Kent (median 15,224 SF), derived from assessor records.
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- Building size
- 61,129 SF, King County Assessor
- Lot size
- 102,617 SF, King County Assessor
- Year built
- 1999, King County Assessor
- Stories
- 3, King County Assessor
- Predominant use
- Il, Al, King County Assessor
- Units
- 89, King County Assessor
- Assessed value
- $8,491,300, per the King County Assessor (not a market appraisal)
- Assessed value per building SF
- $138.91/SF, derived from assessor records
- Lot coverage
- 60%, derived from assessor records
- Vintage
- 1990s vintage
- Zoning
- NR-2, King County
- County use code
- Retirement Facility
Nearby comparable buildings
Same building type, by distance. Assessor facts only; not an opinion of value.
- 24205 116th Ave SE, Kent · 0 mi · 33,204 SF · built 2007 · assessed $166.16/SF
- 24004 114th Pl SE, Kent · 0.1 mi · 29,200 SF · built 2009 · assessed $148.48/SF
- 23921 112th Ave SE, Kent · 0.3 mi · 7,298 SF · built 1986 · assessed $260/SF
- 24611 116th Ave SE, Kent · 0.3 mi · 36,377 SF · built 1990
- 11310 SE 248th St, Kent · 0.4 mi · 59,081 SF · built 1992
- 23480 120th Ave SE, Kent · 0.6 mi · 103,005 SF · built 1958
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Sale history and market context
MakeMe Estimate: $9,168,464 (estimated market value), with a likely range of $7,769,337 to $11,092,968 (half of recent verified sales in this segment landed inside that range). Based on 33 verified arm's-length comparable sales (through 2026-05-29). Not an appraisal. How this estimate works.
Current ownership dates to 2018 (about 8 years) per recorded transfers.
- 2018-01-17: $40,691,139 from Welltower INC to Kre Tiger Arbor Village LLC (part of a 3-parcel sale; price is the whole deal), rec.
- 2007-11-12: $25,570,000 from Olympus Assisted Living LLC to Health Care REIT INC (part of a 3-parcel sale; price is the whole deal), rec. 20071119000653
- 2005-05-16: transfer from Olympus Assisted Living LLC to Kent City of (part of a 2-parcel sale; price is the whole deal), rec. 20050525002061
- 2000-04-24: $500 from Private party to Private party (non-market transfer), rec. 20000512000579
- 1999-04-08: transfer from Olympus Assisted Living LLC to Kent City of/Attn Proprty Mangmnt (part of a 3-parcel sale; price is the whole deal), rec. 199904143156
Source: King County recorded sales extract; buyer and seller shown only when a company or organization. Individual names are withheld.
Land, site, and value history
Assessed value moved from $5,000,000 (2011) to $8,491,300 (2026), up 70% over 15 years, per county tax rolls. The 2026 roll splits $8,491,300 into $1,410,900 land and $7,080,400 improvements.
- Zoning: NR-2 (per King County)
- Lot: 102,617 sq ft
- Nuisance flags: Traffic noise
- Water: Water District (per King County)
- Sewer: Private (per King County)
- Access: Public
- Street surface: Paved
- Floor and use mix: Multiple Residences Assisted Living (Low Rise) 61,129 SF (county building sections)
- County districts report (schools, fire, sewer, council; on kingcounty.gov)