Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    10215 East Marginal Way S Tukwila, WA 98168

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $69,934

    2.68 acres of industrial land available for lease.

    Type:Land
    Property size:
    2 SF
    Added:
    Nov 21, 2025
    Days on Market:
    132
    Last Refresh:
    Mar 29 at 10:32 pm

    Property Features for 10215 East Marginal Way S

    General Information

    Standard status
    Active
    Size
    2 SF
    Property subtype
    Land

    Properties For Sale

    at 10215 East Marginal Way S Contact us

    We can help!

    Listing Contact
    Bob Swain, CCIM

    Listing agent Bob Swain, CCIM

    Listing office

    Listing date Nov 21, 2025

    Source Naiglobal

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Bob Swain, CCIM

    Overview

    Industrial Land For Lease

    This industrial land offering consists of 2.68 acres, equivalent to 116,557 square feet. The property is graveled and paved, and it is fully fenced. Zoned MIC/H, the land falls under the jurisdiction of Tukwila. The lease rate is $0.50 per square foot, plus NNN expenses estimated at $0.10 per square foot, resulting in a total monthly rent of $69,934.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Industrial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tukwila
    County
    King
    State
    Washington
    Longitude
    -122.294
    Latitude
    47.5114

    Nearby Similar for Sale

    • $2,300,000
      5,856 SF

      Tukwila Mixed-Use Building For Sale

      Versatile retail, office, and warehouse space on Tukwila International Boulevard.
      13003 Tukwila International Boulevard, Tukwila, WA 98168
      View Details
    • $22
      1,428 SF

      Medical Office Building Southcenter Location

      Medical office suites available in Southcenter with excellent transportation access.
      411 Strander Blvd, Tukwila, WA 98188
      View Details
    • $9,150,000
      31,363 SF

      Tukwila Flex Industrial Property

      Flex industrial property with office space and warehouse components.
      11521 Marginal Way, Tukwila, WA 98168
      View Details
    • $1,000,000
      69,757 SF

      Tukwila Land for Development

      1.6 acres of land in Tukwila, ready for development.
      5119 S 151st St, Tukwila, WA 98188
      View Details
    • $9,150,000
      5,756 SF

      Tukwila Office Space Available

      Divisible office space with high image and ample parking.
      3516 S 116th St, Tukwila, WA
      View Details
    • Contact for pricing
      22,415 SF

      Andover Park West Office Condos

      Prime location near I-5 and I-405 in Southcenter area.
      555 Andover Park W, Tukwila, WA 98188
      View Details
    • $26
      25,300 SF

      Southcenter Office Building Suites

      Office suites available in convenient Southcenter location with easy access.
      320 Andover Park E, Tukwila, WA 98188
      View Details
    • $22
      33,780 SF

      Medical Office Building Southcenter

      Medical office building with suites available in a central location.
      411 Strander Blvd, Tukwila, WA 98188
      View Details
    • Contact for pricing
      26,674 SF

      Tukwila Freestanding Building For Sale

      26,674 SF building with office space and high ceilings.
      1224 Andover Park E, Tukwila, WA 98188
      View Details
    • $6,900,000
      42,678 SF

      Tukwila Industrial Facility For Sale

      Premier Tukwila industrial facility with renovated office and functional warehouse.
      18700 Southcenter Pkwy, Tukwila, WA
      View Details
    • Contact for pricing
      21,428 SF

      Parkwest Commons Office Condos

      Office condos in prime location near I-5 and I-405.
      555 Andover Park W, Tukwila, WA 98188
      View Details
    • $5,890,000
      23,422 SF

      Tukwila Freestanding Retail/Office Building

      Three-story building suitable for retail, showroom, office, or live-work.
      16705 Southcenter Pkwy, Tukwila, WA 98188
      View Details

    FAQs

    What type of property is this?
    Industrial land - 2.68 acres of industrial land available for lease.
    Where is this industrial land located?
    The property is located at 10215 East Marginal Way S Tukwila, WA.
    What is the asking price?
    The asking price for this property is $69,934.
    What are key features of this property?
    This property features: Large 2.68‑acre (116,557 SF) industrial land parcel; Fenced property suitable for secure operations; Zoned MIC/H under Tukwila Jurisdiction
    (425) 586-5622
    We can help!
    Listing Contact
    Bob Swain, CCIM
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!