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    Tukwila Freestanding Industrial Building Title is generated by Realmo AI

    1226 Andover Park E, Tukwila, WA 98188

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    26,674 SF building with office space and heavy power.

    Type:Commercial
    Property size:
    26,674 SF
    Lot size:
    1.02 Acres
    Added:
    May 20, 2026
    Days on Market:
    16
    Last Refresh:
    May 21 at 8:41 am

    Property Features for 1226 Andover Park E

    General Information

    Standard status
    Active
    Size
    26,674 SF
    Lot size
    1.02 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1967

    We can help!

    Listing Contact
    BRIAN BRUININKS, CCIM
    BRIAN BRUININKS, CCIM

    Listing agent BRIAN BRUININKS, CCIM License #24568

    Listing office THE ANDOVER COMPANY, INC.

    Listing date May 20, 2026

    Source Corcoran

    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 THE ANDOVER COMPANY, INC.

    HighLights

    • Free‑standing concrete building with 26,674 SF total building size.
    • Benefit from 5 dock‑high doors and 24’ clear height.
    • 3,984 SF office space (divisible: 2,112 SF, 1,872 SF) with newly improved north‑end office/showroom.
    • Heavy power and solar power savings (buyer to verify).
    • Cell tower income.
    • New motion‑sensored warehouse LED lighting and new HVAC unit.

    Overview

    This 26,674 square foot freestanding concrete building includes 3,984 square feet of office space, divided into 2,112 and 1,872 square foot sections. The warehouse area features a 24-foot clear height and is equipped with new motion-sensored LED lighting. The property includes five dock-high doors and approximately 32 parking stalls, with potential for additional parking. Situated on a 1.02-acre site, the building is sprinklered and offers heavy power, which the buyer should verify. Additional features include cell tower income and solar power savings. The building can be divided into two spaces. Recent improvements include a white-boxed warehouse area, a newly improved north-end office/showroom, a new HVAC unit, and a new building security system.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Gym & Fitness Center Hotel & Motel Auto Parts Store Law Firm Auto Repair Shop Bar & Pub Electrical Service Accounting Firm Grocery & Convenience Store Food Market

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

    Similar Places Nearby

    • Safe Harbor Technology Corporation — 16400 Southcenter Pkwy # 407, Tukwila, WA 98188
    • Bounce Luggage Storage - Sea-Tac — 515 industry dr, seattle, wa 98188
    • Bounce Luggage Storage - Sea-Tac Airport — 515 Industry Dr, Seattle, WA 98188
    • All Service Moving Tukwila — 551 Strander Blvd, Seattle, WA 98188
    • All My Sons Moving & Storage — 565 Andover Park W # 101, Tukwila, WA 98188

    Location Insight

    • Map
    • Local Demand
    City
    Tukwila
    County
    King
    State
    Washington
    Longitude
    -122.2504127
    Latitude
    47.4430851

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    FAQs

    What type of property is this?
    Warehouse - 26,674 SF building with office space and heavy power.
    Where is this warehouse located?
    The property is located at 1226 Andover Park E Tukwila, WA.
    What are key features of this property?
    This property features: Free‑standing concrete building with 26,674 SF total building size.; Benefit from **5 dock‑high doors** and **24’ clear height**.; 3,984 SF office space (divisible: 2,112 SF, 1,872 SF) with newly improved north‑end office/showroom.
    (206) 336-5333
    We can help!
    Listing Contact
    BRIAN BRUININKS, CCIM
    BRIAN BRUININKS, CCIM
    Real Estate License ID: 24568
    Learn More
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    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.

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