Back to Search
Property profile & analytics
OFF-MARKET
Parking lots & garages
116 Andover E Park Tukwila, WA 98188-2901
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US90-1956110
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Lot
0.51 ac (22,270 SF)
Zoning code
TUC-TOD
APN
022300-0050
UPID
US90-1956110
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
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Blakeley Real Estate LLC · 9 yrs held
Blakeley Real Estate LLC
since 2017
3 recorded transactions
Zoning & alternative use
TUC-TOD · Tukwila, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The area extending from the bus transit center on Andover Park West eastward towards the Sounder commuter rail or Amtrak station is intended to provide a more compact and vibrant mix of housing, office, lodging and supportive retail and service uses
Zone name
Tukwila Urban Center Transit Oriented Development
General category
COMMERCIAL
Zone area
181.89 ac
Source
Realmo
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Tukwila submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tukwila submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$10,559
Tax year 2022
Assessed value
$901,900
Assessed 2022
Previous assessed
$901,900
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$901,900
Land market value
$901,900
Total market value
$901,900
Applied tax rate
2,408.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Heating
NONE
Lot
0.51 ac (22,270 SF)
Zoning code
TUC-TOD
APN
022300-0050
UPID
US90-1956110
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
TUC-TOD · Tukwila, WAZoning TUC-TOD · permitted uses
TUC-TOD · Tukwila, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The area extending from the bus transit center on Andover Park West eastward towards the Sounder commuter rail or Amtrak station is intended to provide a more compact and vibrant mix of housing, office, lodging and supportive retail and service uses
Zone name
Tukwila Urban Center Transit Oriented Development
General category
COMMERCIAL
Zone area
181.89 ac
Source
Realmo
Building & site characteristics
From public records
Heating
NONE
Lot
0.51 ac
Current owner
From public records · entity-resolved
Blakeley Real Estate LLC
Entity
Mailing address
7900 SE 28TH ST STE #236, MERCER ISLAND, WA 98040-3864
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 1, 2017
$3,800,000
Blakeley Real Estate LLC
Pietromonaco Pb LLC
Warranty Deed
$2,050,000 · Kitsap Bank
Dec 17, 2002
$265,300
Pietromonaco/pb LLC
Pitney Bowes Properties INC
Grant Deed
—
—
—
Blakeley Real Estate LLC
—
Loan Modification
related
$2,350,000 · Kitsap Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 116 Andover E Park?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
