Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    131 SW 156th Street, Burien, WA 98166

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Flex space

    Type:Office, Industrial, Special Purpose
    Added:
    Apr 1, 2021
    Days on Market:
    1868
    Last Refresh:
    Mar 17 at 1:17 pm

    Property Features for 131 SW 156th Street

    General Information

    Standard status
    Active
    Property subtype
    Office, Industrial, Special Purpose

    Spaces For Lease

    at 131 SW 156th Street Contact us

    Suite 100 $22 /Mo

    Size
    1,770 SF
    Type
    Office, Industrial, Special Purpose
    Available July 1, 2025nBase Rent: $3,245.00/Month + NNNnNNN Rate: $856.98/MonthnNNN...
    show more
    Contact us

    We can help!

    Listing Contact
    Maxton Maclachlan

    Listing agent Maxton Maclachlan License #WA

    Listing office Leibsohn & Company Commercial Real Estate Services

    Listing date Apr 1, 2021

    Source Crexi

    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 Leibsohn & Company Commercial Real Estate Services

    HighLights

    • No property information was provided to extract selling points.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Similar Places Nearby

    • Venue Georgette by Honey & Harmony — 113 SW 153rd St, Burien, WA 98166

    Location Insight

    • Map
    • Local Demand
    City
    Burien
    County
    King
    State
    Washington
    Longitude
    -122.35
    Latitude
    47.4539

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      WA, Burien - 8th Ave

      15111 8Th Ave, Burien, WA 15111
      View Details
    • Contact for pricing

      Burien Commercial Property For Lease

      Premier property in Burien, WA with flexible lease options.
      1021 South 146th Street, Burien, WA 98168
      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
    • $2,200/Mo

      Burien Office For Lease

      Professional office space in mixed-use building near Downtown Burien.
      122 SW 156th, St Burien, WA 98166
      View Details
    • $35 SF/Yr

      Office Space Available For Rent

      Office space available for lease in Burien, Washington.
      16233 Sylvester Rd SW, Burien, WA
      View Details
    • $1,650/Mo

      Multi-Tenant Office Building For Sale

      Multi-tenant office building near freeways and airport in Opportunity Zone.
      144 SW 153rd St, Burien, WA
      View Details
    • $2,500/Mo

      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

      Automotive Business & Real Estate

      Automotive business and real estate for sale in prime location.
      823 SW 148th St, Burien, WA
      View Details
    • Contact for pricing

      Burien Office or Live/Work Space

      Commercial office or live/work space near downtown Burien.
      14924 8th Ave SW, Burien, WA
      View Details
    • $17 SF/Yr

      Burien Retail/Fitness Space Available

      Martial arts studio, yoga, or fitness facility opportunity.
      116-130 SW 153rd St, Burien, WA
      View Details
    • $22 SF/Yr

      Office Space Available For Rent

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

      Medical Arts Building Near Hospital

      Medical office space available within the St. Anne Hospital Campus.
      16259 Sylvester Road SW, Burien, WA 98166
      View Details

    FAQs

    Where is this flex space located?
    The property is located at 131 SW 156th Street Burien, WA.
    What are key features of this property?
    This property features: No property information was provided to extract selling points.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Maxton Maclachlan
    Real Estate License ID: WA
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    131 SW 156th Street, Burien, WA 98166
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!