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Financial
Distress signals
Property profile

19803 1st S Ave Normandy Park, WA 98148

OFF-MARKET
Commercial real estate
Property ID
US90-0682165
12,960 SF 0.96 ac lot Built 2008
Last sale Oct 2021 · $3,700,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Normandy Park Towne Center offers a unique opportunity to lease retail space in a thriving King County location. This Class C strip center, built in 2007 and renovated in 2014, comprises five single-story buildings totaling 81,273 square feet on an 8.03-acre lot (349,825 square feet). The center is currently zoned NC and features 388 parking stalls, ensuring ample customer convenience. Spaces range from a minimum of 1,295 square feet to a maximum contiguous space of 1,445 square feet, with…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$43k
Tax billed · 2022
Assessed value$3.45M
Assessed land$670k
Assessed improvement$2.78M
Effective rate1.26%

Value estimate

· Oct 2026
$3.99M
$3.59M – $4.38M
AI approach$4.08M
CAP approach$2.63M

Realmo valuation models over county records and 17 qualifying comparable sales.

Recently sold

What actually traded nearby?
$506/SF
Submarket average, outlier-cleaned · 269 recorded sales of this use type
Observed band · Q1–Q3$213 – $957
Qualifying comparables17

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
NC
The purpose of the NC zone is to combine shopping, business, and personal service activities into cohesive neighborhood focal points that...
General categoryCOMMERCIAL
JurisdictionKING

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency17.4
Dental Office12.1
Gym & Fitness10.6

Location

19803 1st S Ave Normandy Park, WA 98148-2472
County assessor Recorded deeds · 11 transfers 17 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

3 recorded sales · 6 properties nearby
Recent sales nearby
3 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
18449 1st S, Normandy Park, WA 98148-1823 $2,100,000 Feb 2026 6,996 SF
17651 1st S, Normandy Park, WA 98148-2715 $3,500,000 Sep 2021 8,360 SF
15730 1st S, Burien, WA 98148-1211 $9,900,000 Dec 2019 8,400 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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