Tukwila Mixed-Use Building For
13003 Tukwila International Boulevard Tukwila, WA 98168
13003 Tukwila International Boulevard, Tukwila, WA, 98168
$2,300,000
For Sale
$2,300,000
Versatile retail, office, and warehouse space on Tukwila International Boulevard.
Property Size5,856 SF
Lot Size0.22 Acres
Price / SF$392.76
Days on Market154
Property Features for 13003 Tukwila International Boulevard
General Information
- Standard status
- Active
- Size
- 5,856 SF
- Lot size
- 0.22 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1937
Listing Agency
CITY CLOSERS REAL ESTATE
(206) 915-6028
Listed by
KELSEY DILLER
Source
Corcoran
Added: Feb 17 Updated: Jul 6 at 10:26 am Checked: Jul 20 at 6:30 am
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 CITY CLOSERS REAL ESTATE
Investment Insights
Based on property information with market context.
This mixed-use property offers a combination of retail, office, and warehouse space. The 5,856 square foot building is situated on a 9,665 square foot lot and is zoned NCC. The property includes a 12’ x 12’ grade-level roll-up door and approximately 19’ vaulted warehouse ceilings. There is a storage area and approximately 20 designated parking spaces. The configuration includes 2,312 square feet of office space, 3,171 square feet of warehouse/showroom space, and 373 square feet of storage. Recent upgrades and remodels include a new office build-out, kitchenette, shower, updated plumbing, carpet, paint, bathroom finishes, HVAC system, and lighting. Located on Tukwila International Boulevard, the property is suited for a contractor’s office and other permitted uses, subject to City of Tukwila zoning.
Key Highlights
- Versatile retail, office, and warehouse space combination.
- Located on busy Tukwila International Boulevard.
- Numerous recent upgrades and remodels throughout.
Local 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 | $210.8k | $36.00 |
| − Vacancy | −$46.2k | −$7.88 |
| EGI | $164.6k | $28.12 |
| − OpEx | −$41.2k | −$7.03 |
| NOI | $123.5k | $21.09 |
5,856 SF · lease $36.00/SF/yr · vacancy 21.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.76M
$1.54M – $2.06M
NOI $123,485 @ 7.0% cap · market cap 5.37%
Second Best
Retail
$1.50M
$1.31M – $1.75M
NOI $104,756 @ 7.0% cap · market cap 4.55%
Theoretical Best
Office A
$2.35M
$2.05M – $2.74M
NOI $164,184 @ 7.0% cap · market cap 7.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Versatile retail, office, and warehouse space on Tukwila International Boulevard.
Where is this mixed-use property located?
The property is located at 13003 Tukwila International Boulevard Tukwila, WA.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Versatile retail, office, and warehouse space combination.; Located on busy Tukwila International Boulevard.; Numerous recent upgrades and remodels throughout.
