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Property profile & analytics
OFF-MARKET
Neighborhood centers

17025 Southcenter Pkwy Tukwila, WA 98188

44,470 SF Built 1982
Property ID
Property summary
AI-generated overview

Parkway Village, a single-story, 44,470 square foot retail center located at 17025 Southcenter Pkwy, Tukwila, WA 98188, offers exceptional retail opportunities. Built in 1982 and renovated in 1985, this property sits on a 341,048 square foot lot and boasts high visibility on Southcenter Parkway, with convenient access from a lighted intersection. The center features ample parking and strong co-tenancy with established businesses including BevMo, The Habit Burger, Happy Lemon, and Poke to the Max. Currently, three spaces are available, ranging from 1,418 to 1,454 square feet. The property is zoned TUC and has a King County APN of 2623049070. Located in the Southcenter submarket cluster, this prime location benefits from a robust demographic profile, including over 168,000 employees within a 5-mile radius, encompassing Southcenter retail employees, Boeing, Seattle-Tacoma International Airport, Alaska Airlines Headquarters, and the Tukwila/Kent industrial corridor. The area also sees significant tourist traffic, with approximately 25,000 annually shuttled from nearby airport hotels. This high-traffic location makes Parkway Village an ideal investment for businesses seeking exposure to a large consumer base and a thriving commercial community. Annual property taxes are $14 per square foot.

Property profile
Verified
Property type Neighborhood centers
Year built 1982
Total area 44,470 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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