Financial
Distress signals
Property profile

116 Andover E Park Tukwila, WA 98188

OFF-MARKET
Office buildings
Property ID
US90-1762604
23,550 SF 0.72 ac lot Built 1972
Last sale Jun 2017 · $3,800,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 9-yr Hold Held for 9 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

116 Andover Park E is a 23,542-square-foot, two-story, multi-tenant office building situated on a 1.23-acre site composed of a two-parcel assemblage. The property is located in Tukwila’s Southcenter submarket, and the site is zoned TUC-TOD, a zoning designation intended to support transit-oriented development and associated long-term redevelopment potential. Tenant space includes office and business use associated with a privately held food manufacturer headquartered at the property and FedEx Office, the retail arm of FedEx Corporation.

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.

Mortgages

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?
$36k
Tax billed · 2022
Assessed value$3.30M
Assessed land$1.27M
Assessed improvement$2.03M
Effective rate1.10%

Value estimate

· Sep 2026
$3.90M
$3.51M – $4.28M

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$353/SF
Submarket average, outlier-cleaned · 337 recorded sales of this use type
Observed band · Q1–Q3$205 – $579
Qualifying comparables3

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?
TUC-TOD
The area extending from the bus transit center on Andover Park West eastward towards the Sounder commuter rail or Amtrak station is inten...
General categoryCOMMERCIAL
JurisdictionKING

Location intelligence

Which uses thrive at this corner?
Best fit: Pet Grooming Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Pet Grooming Service8.0
Smoke and Vape Shop8.0
Tanning Salon7.8

Location

116 Andover E Park Tukwila, WA 98188-2901
County assessor Recorded deeds · 3 transfers 3 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

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
6100 Southcenter, Tukwila, WA 98188-2442 $3,500,000 Jan 2025 20,319 SF
19518 International, Seatac, WA 98188-5493 $2,250,000 Jul 2024 13,390 SF
130 Andover E, Tukwila, WA 98188-2909 $8,600,000 Mar 2023 44,604 SF
800 Industry, Tukwila, WA 98188-3410 $116,324,290 Sep 2021 19,520 SF
2800 192nd, Seatac, WA 98188-5100 $4,000,000 Mar 2020 36,724 SF
6400 Southcenter, Tukwila, WA 98188-2547 $2,100,000 Mar 2020 34,662 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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