SeaTac Investment Opportunity For
14463 Military Rd S Tukwila, WA 98168
For Sale
$695,000
Pending
1,152 SF facility in SeaTac, offering versatile development possibilities.
Property Size1,152 SF
Days on Market613
Property Features for 14463 Military Rd S
General Information
- Standard status
- Pending
- Size
- 1,152 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1949
Listing Agency:
COLDWELL BANKER BAIN-KENT
Listed By:
KEITH MCKINNEY
Source:
Corcoran
Added: Nov 21, 2024
Changed: Jul 6
Last Checked: Jul 23 at 8:47AM
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 COLDWELL BANKER BAIN-KENT
Investment Insights
Based on property information with market context.
This 1,152 SF facility, originally built in 1949 and fully renovated in 1965, presents a prime investment opportunity in SeaTac. It served as a medical office until October 2024 and still offers a solid foundation for medical or dental office use. Zoned UH-900, the property presents versatile possibilities for investors seeking a multi-family development opportunity in a strategic location. Situated in the heart of SeaTac, this property enjoys premier visibility and accessibility within a dynamic commercial district and offers ample space for customization and growth.
Key Highlights
- Prime investment opportunity in SeaTac with versatile UH‑900 zoning.
- Strategic location in a dynamic commercial district with premier visibility and accessibility.
- Potential for multi‑family development.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.5k | $36.00 |
| − Vacancy | −$9.1k | −$7.88 |
| EGI | $32.4k | $28.12 |
| − OpEx | −$8.1k | −$7.03 |
| NOI | $24.3k | $21.09 |
1,152 SF · lease $36.00/SF/yr · vacancy 21.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$347.0K
$303.7K – $404.9K
NOI $24,292 @ 7.0% cap · market cap 3.50%
Second Best
Healthcare Medical
$218.1K
$190.8K – $254.5K
NOI $15,267 @ 7.0% cap · market cap 2.20%
Theoretical Best
Office A
$461.4K
$403.7K – $538.3K
NOI $32,298 @ 7.0% cap · market cap 4.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Similar Off Market Nearby
- Hazen Richard DVM — 13802 Military Rd S, Tukwila, WA 98168
- LaLa’s crib — 12442 23rd ave s, seattle, wa 98168
FAQs
What type of property is this?
Medical Office Space - 1,152 SF facility in SeaTac, offering versatile development possibilities.
Where is this medical office space located?
The property is located at 14463 Military Rd S Tukwila, WA.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Prime investment opportunity in SeaTac with versatile UH‑900 zoning.; Strategic location in a dynamic commercial district with premier visibility and accessibility.; Potential for multi‑family development.
