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Property profile & analytics
OFF-MARKET
Estimated value
$715,000
Office buildings
1244 140th St Burien, WA 98168-3661
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US90-3172709
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2012
Construction
WOOD
Total area
2,397 SF
Lot
1.86 ac (81,021 SF)
Zoning code
AI-2
APN
172304-9138
UPID
US90-3172709
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
AI Approach
AI
by Request
CAP Approach
CAP
$690k
Comparable Approach
Comparable
$471k
Blend (final)
Blend
$715k
Owner & transaction history
A1 Education Hill LLC · 16 yrs held
A1 Education Hill LLC
since 2010
7 recorded transactions
Zoning & alternative use
AI-2 · Burien, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$985,000
+16.4%
Retail stores
$960,000
+13.5%
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 Burien submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Burien 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$750,000
6.5%
$690,000
7%
$640,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$845,000
Current use
AUTO REPAIR, GARAGE
$985,000
Change: +16% · Conversion: Difficult
RETAIL STORES
$960,000
Change: +13% · Conversion: Moderate
MEDICAL BUILDING
$825,000
Change: -3% · Conversion: Easy
WAREHOUSE, STORAGE
$710,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$715k
Range $644k – $787k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$298 / SF
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
$20,218
Tax year 2022
Assessed value
$1,466,500
Assessed 2022
Previous assessed
$1,466,500
+0.0% YoY
Effective rate
1.38%
On assessed value
Assessed land
$1,134,200
Assessed improvement
$332,300
Land market value
$1,134,200
Improvement market value
$332,300
Total market value
$1,466,500
Applied tax rate
930.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2012
Construction
WOOD
Heating
GAS
Cooling
AC.PACKAGE
Stories
2
Bathrooms
2
Total area
2,397 SF
Lot
1.86 ac (81,021 SF)
Zoning code
AI-2
APN
172304-9138
UPID
US90-3172709
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
AI-2 · Burien, WA
Zoning AI-2 · permitted uses
AI-2 · Burien, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Burien. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$845,000
AUTO REPAIR, GARAGE
Est. value
$985,000
RETAIL STORES
Est. value
$960,000
MEDICAL BUILDING
Est. value
$825,000
WAREHOUSE, STORAGE
Est. value
$710,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2012
Construction
WOOD
Heating
GAS
Cooling
Yes
Stories
2
Bathrooms
2
Lot
1.86 ac
Current owner
From public records · entity-resolved
A1 Education Hill LLC
Entity
Mailing address
PO BOX 2127, KIRKLAND, WA 98083-2127
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 10, 2019
—
A1 Education Hill LLC
—
Deed
related
$20,500,000 · Columbia Bank
Dec 28, 2017
—
A1 Education Hill LLC
—
Deed
related
$5,500,000 · Anchor Bk
Jan 13, 2017
—
A1 Education Hill LLC
—
Deed
related
$4,000,000 · Anchor Bk
Feb 4, 2010
$575,000
A1 Education Hill LLC
Stanley,roger L
Warranty Deed
$373,750 · Roger L & Lavinia M Stanley
Apr 26, 1993
—
Roger L Stanley
Stanley Roger L
Quit Claim Deed
related
—
Mar 19, 1990
$138,550
Roger Stanley
Peterson
Grant Deed
$85,900 · Exchange Fin'l Northwest INC
—
—
A1 Education Hill LLC
—
Loan Modification
related
$4,000,000 · Anchor Bk
—
—
Roger L Stanley
—
Deed Of Trust
related
$32,500 · Seafirst Bank
—
—
Roger Stanley
—
Deed Of Trust
related
$20,000 · Security Pacific National Bank
—
—
Roger L Stanley
—
Deed Of Trust
related
$190,000 · Bank Of America
—
—
Roger L Stanley
—
Deed Of Trust
related
$50,000 · Bank Of America
—
—
Roger L Stanley
—
Deed Of Trust
related
$170,026 · Bank Of America
—
—
A1 Education Hill LLC
—
Loan Modification
related
$5,500,000 · Anchor Bk
—
—
Roger L Stanley
—
Deed Of Trust
related
$105,000 · Seattle-first National Bank
—
—
Roger L Stanley
—
Deed Of Trust
related
$127,462 · Seafirst Bank
—
—
Roger L Stanley
—
Deed Of Trust
related
$155,000 · Seafirst Bank
—
—
Roger L Stanley
—
Deed Of Trust
related
$250,000 · Bank Of America
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.
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