620 SW 150th Street, Burien, WA 98166

Building Details

Year Built 1958 More

Buildings 1 More

Stories 1 More

Building Size 4,251 SF More

Listing Agency: Providencia

Listed By: Charles Holmes · License #20363DB Show Phone

Source: Mummahomes

Added: Feb 23 Changed: Nov 8 Last Checked: Nov 7 at 5:37PM

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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 Providencia

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Investment Insights

Based on property information with market context.

This 4,251-square-foot building was constructed in 1958 and is currently vacant. Its single-level layout is supported by Mixed Use Downtown Commercial zoning, which allows a range of uses including office, multifamily, and restaurant. The zoning permits buildings up to eight stories.

The property is across the street from the Burien Post Office and adjacent to the King County Sheriff station. Parking includes approximately 20 exterior spaces and two spaces in the attached garage.

Key Highlights

• 4,251‑square‑foot building, constructed in 1958
• Mixed Use Downtown Commercial zoning allows office, multifamily, and restaurant uses
• Zoning allows buildings up to 8 stories

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$71,015

Cap Rate

4.73%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,420,300 $1.4M

Cap Rate 7%

$1,014,500 $1.0M

Cap Rate 9%

$789,056 $789.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,251 SF

Gross rent

$145.3K $34.18/SF

− Vacancy

−$31.7K −$7.45/SF

EGI

$113.6K $26.73/SF

− OpEx

−$42.6K −$10.02/SF

NOI

$71.0K $16.71/SF

Area

King County, WA

Vacancy

21.80%

Lease Rate

$34.18 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,420,300

Cap Rate 7%

$1,014,500

Cap Rate 9%

$789,056

Alternative Uses

Best Use

Mixed Use

$1.01M

$887.7K – $1.18M (±1% cap)

NOI $71,015 @ 7.0% cap · market cap 4.73%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.70M

$1.49M – $1.99M (±1% cap)

NOI $119,184 @ 7.0% cap · market cap 7.95%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Mixed-use properties

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Florist Butcher Discount Store Arcade & Gaming Center Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

560

Businesses Nearby

Explore this area Business Placement

Demographics for 98166, WA

22,152

Population

9,766

Households

2.3

Avg Household Size

45

Median Age

45%

College-Educated

93%

High-School Grad

5.8 sq mi

ZIP Area

3,819

Density / Sq Mi

$112,191

Median Household Income

$63,011

Median Earnings

$1,739

Median Rent

$785,700

Median Home Value

Market

Average Price Trend$/SF for Mixed-use properties in King County, WA

$506 Jul

$426 Aug

$398 Sep

$452 Oct

Properties on Market for Mixed-use properties in King County

Jul

Aug

Sep

Oct

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Frequently Asked Questions

What type of property is this?

Mixed-use property - A vacant, single-level property with zoning that accommodates office, multifamily, and restaurant uses.

Where is this mixed-use property located?

The property is located at 620 SW 150th Street Burien, WA.

What is the asking price?

The asking price for this property is $1,500,000.

What are key features of this property?

This property features: 4,251‑square‑foot building, constructed in 1958; Mixed Use Downtown Commercial zoning allows office, multifamily, and restaurant uses; Zoning allows buildings up to 8 stories