Senior Housing
12101 Ambaum Boulevard Southwest, Burien, WA 98146
For Sale
$5,000,000
MU-2 zoning allows residential, senior care, lodging, and community uses.
Property Size25,532 SF
Lot Size2.37 Acres
Price / SF$195.83
Days on Market22
Property Features for 12101 Ambaum Boulevard Southwest
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Site & Location
Neighborhood
Building Details
Year Built
Year Renovated
Listing Agency:
CBRE
Listed By:
Ryan Brunette
(206) 292-6099
Source:
Cbre
Added: Oct 16
Changed: Nov 6
Last Checked: Nov 6 at 2:17PM
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 CBRE
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Investment Insights
Based on property information with market context.
The senior housing property contains 25,532 square feet across 34 units with capacity for 63 beds. The 2.37-acre site includes 44 parking stalls and is zoned MU-2.
The zoning permits permanent supportive housing, co-living, emergency shelter and housing, senior assisted housing with memory care, nursing home, daycare, lodging, religious, and apartment uses.
The zoning permits permanent supportive housing, co-living, emergency shelter and housing, senior assisted housing with memory care, nursing home, daycare, lodging, religious, and apartment uses.
Key Highlights
- 25,532‑square‑foot senior housing property
- 34 units with 63 beds
- 2.37‑acre site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$396,844
Cap Rate
7.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,936,880
$7.9M
Cap Rate 7%
$5,669,200
$5.7M
Cap Rate 9%
$4,409,378
$4.4M
Market Conditions
NOI Build-Up for 25,532 SF
Gross rent
$766.0K $30.00/SF
− Vacancy
−$44.4K −$1.74/SF
EGI
$721.5K $28.26/SF
− OpEx
−$324.7K −$12.72/SF
NOI
$396.8K $15.54/SF
Area
King County, WA
Vacancy
5.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,936,880
Cap Rate 7%
$5,669,200
Cap Rate 9%
$4,409,378
Alternative Uses
Best Use
Apartment 5plus
$5.67M
$4.96M – $6.61M
NOI $396,844 @ 7.0% cap · market cap 7.94%
Second Best
Healthcare Medical
$4.83M
$4.23M – $5.64M
NOI $338,356 @ 7.0% cap · market cap 6.77%
Theoretical Best
Office A
$10.23M
$8.95M – $11.93M
NOI $715,836 @ 7.0% cap · market cap 14.32%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
379
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 98146, WA
28,845
Population
10,986
Households
2.6
Avg Household Size
39
Median Age
37%
College-Educated
86%
High-School Grad
4.6 sq mi
ZIP Area
6,271
Density / Sq Mi
$108,460
Median Household Income
$52,373
Median Earnings
$1,721
Median Rent
$642,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Senior housing / Retirement Home - MU-2 zoning allows residential, senior care, lodging, and community uses.
Where is this senior housing / retirement home located?
The property is located at 12101 Ambaum Boulevard Southwest Burien, WA.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: 25,532‑square‑foot senior housing property; 34 units with 63 beds; 2.37‑acre site
