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    OFF-MARKET
    Office Spaces

    15203 8Th Ave, Burien, WA 98148

    14,768 SF 0.31 ac lot Built 1963
    Property ID
    Property summary
    AI-generated overview

    This exceptional two-story medical office building, located at 15203-15211 8th Ave S in Burien, WA 98148, offers a fantastic opportunity for medical professionals and other compatible businesses. The building, constructed in 1963, boasts a total of 14,768 square feet and sits on a 0.31-acre lot. Currently, there are multiple suites available, ranging from a minimum of 1,200 square feet to a maximum contiguous space of 4,370 square feet. The building is zoned RM-24 and is classified as Class C. Ideal for medical or dental practices, the space features existing exam rooms, making it move-in ready for many uses. Other suitable uses could include salons, spas, or esthetician offices. The property benefits from ample free on-site parking, a significant advantage in this area. Its strategic location provides convenient access to major freeways, SeaTac Airport, and the Tukwila Station Commuter Rail, ensuring excellent accessibility for both staff and clients. Nearby medical centers include St. Anne Hospital, Franciscan Health, and Kaiser Permanente, creating a synergistic environment for healthcare professionals. Water, sewer, and garbage services are included in the triple net (NNN) lease terms. The property's APN is 202304-9272. This is a rare opportunity to acquire a well-located, established medical office building in a thriving community.

    Property profile
    Verified
    Property type Office Spaces
    Year built 1963
    Total area 14,768 SF
    Lot 0.31 ac (13,504 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
    Current use
    Occupant on record · Public records
    • Isalis (Bike/Boat/Book/etc) Store
    • Party City Party Supply Store (Bike/Boat/Book/etc) Store
    • Skunk Funk Big Box & Wholesale Store
    • Carl's Trading Co Hat Shop
    • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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