Tukwila Office Building For
565 Andover Park West Tukwila, WA 98188
For Sale
Contact for pricing
Office building with 10,358 square feet of space in Tukwila.
Property Size10,358 SF
Lot Size7.24 Acres
Price / SF$267.28
Days on Market2006
Property Features for 565 Andover Park West
General Information
Standard status
Active
Size
10,358 SF
Lot size
7.24 Acres
Property subtype
OFFICE
Properties For Sale
at 565 Andover Park West Contact us
Listing Agency:
NAI Puget Sound Properties
(425) 586-5618
Listed By:
Mike George
(425) 586-5618
Source:
Moodyscre
Added: Jan 29, 2021
Changed: Jul 6
Last Checked: Jul 22 at 3:45AM
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 NAI Puget Sound Properties
Investment Insights
Based on property information with market context.
This office building, located in Tukwila, Washington, offers 10,358 square feet of space. The property's tax identification number is 2623049144.
Key Highlights
- Tax ID: 2623049144
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 | $372.9k | $36.00 |
| − Vacancy | −$81.7k | −$7.88 |
| EGI | $291.2k | $28.12 |
| − OpEx | −$72.8k | −$7.03 |
| NOI | $218.4k | $21.09 |
10,358 SF · lease $36.00/SF/yr · vacancy 21.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.12M
$2.73M – $3.64M
NOI $218,419 @ 7.0% cap · market cap 7.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.15M
$3.63M – $4.84M
NOI $290,405 @ 7.0% cap · market cap 10.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Office building with 10,358 square feet of space in Tukwila.
Where is this office building located?
The property is located at 565 Andover Park West Tukwila, WA.
What is the asking price?
The asking price for this property is $2,768,500.
What are key features of this property?
This property features: Tax ID: 2623049144
