SeaTac Investment Opportunity For
For Sale
$695,000
Pending
14463 Military Rd S, Tukwila, WA 98168
1,152 SF facility in SeaTac, offering versatile development possibilities.
Property Size1,152 SF
Days on Market706
Property Features for 14463 Military Rd S
General Information
Standard status
Pending
Size
1,152 SF
Property subtype
Commercial
Site & Location
Neighborhood
Riverton
Building Details
Year Built
1949
Listing Agency:
COLDWELL BANKER BAIN-KENT
Listed By:
KEITH MCKINNEY
Source:
Corcoran
Added: Nov 21, 2024
Changed: Oct 25
Last Checked: Oct 26 at 4:00PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$24,292
Cap Rate
3.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$485,840
$485.8K
Cap Rate 7%
$347,029
$347.0K
Cap Rate 9%
$269,911
$269.9K
Market Conditions
NOI Build-Up for 1,152 SF
Gross rent
$41.5K $36.00/SF
− Vacancy
−$9.1K −$7.88/SF
EGI
$32.4K $28.12/SF
− OpEx
−$8.1K −$7.03/SF
NOI
$24.3K $21.09/SF
Area
King County, WA
Vacancy
21.90%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$485,840
Cap Rate 7%
$347,029
Cap Rate 9%
$269,911
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 authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
466
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 98168, WA
36,389
Population
13,338
Households
2.7
Avg Household Size
37
Median Age
24%
College-Educated
79%
High-School Grad
8.8 sq mi
ZIP Area
4,135
Density / Sq Mi
$84,937
Median Household Income
$44,630
Median Earnings
$1,724
Median Rent
$500,600
Median Home Value
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Market
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- Hazen Richard DVM — 13802 Military Rd S, Tukwila, WA 98168
- LaLa’s crib — 12442 23rd ave s, seattle, wa 98168
Frequently Asked Questions
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.
