Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    16233 Sylvester Rd SW Burien, WA 98166

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Ground level medical suites available for rent on hospital campus.

    Property Features for 16233 Sylvester Rd SW

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Ryan Kershaw
    Source: Crexi

    Listing Agent: Ryan Kershaw

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Medical Suites on Hospital Campus

    Medical suites are available for rent on the ground level of the St. Anne Hospital Campus.
    Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Similar Places Nearby

    Kings Veterinarian, Caviness Melanie DVM

    Location Insight

    • Map
    • Local Demand
    City
    Burien
    County
    King
    State
    Washington
    Longitude
    -122.3415264
    Latitude
    47.4571926

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      WA, Burien - 8th Ave

      Flexible workspace in CA, Pomona - Rancho Camino Dr
      15111 8Th Ave, Burien, WA 15111
      View Details
    • Contact for pricing

      Adaptable Space in Burien, WA

      Versatile property suitable for office, light manufacturing, or distribution.
      18319 8Th Ave S, Burien, WA 98148
      View Details
    • Contact for pricing

      Burien Office or Live/Work Space

      Commercial office or live/work space near downtown Burien.
      14924 8 Ave SW, Burien, WA
      View Details
    • Contact for pricing
      2,316 SF

      Office Space Available For Rent

      Office space available for lease in Burien, Washington.
      16233 Sylvester Rd SW, Burien, WA 98166
      View Details
    • Contact for pricing

      Medical Arts Building Near Hospital

      Medical office space available within the St. Anne Hospital Campus.
      16259 Sylvester Rd SW, Burien, WA 98166
      View Details
    • Contact for pricing

      Retail Property for Sale

      Retail property available for purchase in Burien, Washington.
      15743 Ambaum Blvd SW, Burien, WA
      View Details
    • Contact for pricing
      1,725 SF

      Burien Office Space For Rent

      Office space with easy access and abundant parking available for rent.
      207 SW 156 St, Burien, WA
      View Details
    • Contact for pricing
      12,073 SF

      Prime Retail Space in Burien

      High-visibility retail space in a growing retail corridor.
      15702-15730 1 Ave S, Burien, WA
      View Details
    • Contact for pricing
      1,300 SF

      Office Space for Lease

      1,300 SF office space with reception and break areas.
      14235 Ambaum Blvd SW, Burien, WA
      View Details
    • Contact for pricing
      1,235 SF

      Office Space Available For Rent

      Office space available for lease in Burien, Washington.
      15511 3 Ave SW, Burien, WA
      View Details
    • Contact for pricing
      30,384 SF

      Industrial Warehouse Space Available

      Industrial warehouse space available for rent in Burien, Washington.
      18301-18343 8 Ave S, Burien, WA
      View Details
    • Contact for pricing
      5,450 SF

      Burien Retail Pad Available

      Stand-alone retail building in a busy, grocery-anchored shopping center.
      120 SW 148 St, Burien, WA
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Ground level medical suites available for rent on hospital campus.
    Where is this medical office space located?
    The property is located at 16233 Sylvester Rd SW Burien, WA.
    What are key features of this property?
    This property features: - Located on St. Anne Hospital Campus; - Ground level suites; - Medical suites available
    Request Owner's contact information
    16233 Sylvester Rd SW Burien, WA 98166
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    16233 Sylvester Rd SW
    Burien, WA 98166
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    16233 Sylvester Rd SW Burien, WA 98166
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Ryan Kershaw
    Real Estate License ID: 25001401
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!