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Property profile & analytics
OFF-MARKET
Estimated value
$3,635,000
Individual retail properties
125 156th St Burien, WA 98148-1220
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-1368057
Property profile
Verified
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
29,986 SF
Lot
1.98 ac (86,404 SF)
Zoning code
CC-2
APN
202304-9115
UPID
US90-1368057
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
$3.71M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.64M
Owner & transaction history
Wael Bahaa El Din · 5 yrs held
Wael Bahaa El Din
since 2021
Last sale
$3.6M
6 recorded transactions
Zoning & alternative use
CC-2 · Burien, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Burien Municipal Code
Top alternative use upside
Auto repair, garage
$3.8M
+203.7%
Restaurant
$3.8M
+199.1%
Retail stores
$3.3M
+164.4%
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
$3,875,000
ML approach
$3,710,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$3,815,000
Change: +204% · Conversion: Difficult
RESTAURANT
$3,760,000
Change: +199% · Conversion: Difficult
RETAIL STORES
$3,320,000
Change: +164% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,825,000
Change: +125% · Conversion: Difficult
OFFICE BUILDING
$2,690,000
Change: +114% · Conversion: Difficult
MEDICAL BUILDING
$2,320,000
Change: +85% · Conversion: Difficult
Blend value · Realmo final
$3.64M
Range $3.27M – $4.00M · ±10% · vs last sale $3.60M (Mar 12 2021)
Last sale anchor
$3.60M
Mar 12 2021
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
$121 / 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
$4,975
Tax year 2022
Assessed value
$4,586,400
Assessed 2022
Previous assessed
$4,586,400
+0.0% YoY
Effective rate
0.11%
On assessed value
Assessed land
$1,728,000
Assessed improvement
$2,858,400
Land market value
$1,728,000
Improvement market value
$2,858,400
Total market value
$4,586,400
Applied tax rate
937.0000
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
Individual retail properties
Use group
GYM, HEALTH SPA
Status
Off-Market
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Total area
29,986 SF
Lot
1.98 ac (86,404 SF)
Zoning code
CC-2
APN
202304-9115
UPID
US90-1368057
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CC-2 · Burien, WAZoning CC-2 · permitted uses
CC-2 · Burien, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Burien Municipal Code
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$3.8M
RESTAURANT
Est. value
$3.8M
RETAIL STORES
Est. value
$3.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.8M
OFFICE BUILDING
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$2.3M
AUTO REPAIR, GARAGE
RESTAURANT
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
MEDICAL BUILDING
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
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Lot
1.98 ac
Current owner
From public records · entity-resolved
Wael Bahaa El Din
Individual
Mailing address
6582 169TH PL SE, BELLEVUE, WA 98006-6010
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 12, 2021
$3,598,000
Wael Bahaa El Din
Hac Properties LLC
Warranty Deed
—
Oct 15, 2014
$3,050,000
Burien Club LLC
New Wave Athletics Ltd
Grant Deed
—
Oct 15, 2014
$5,000,000
Hac Properties LLC
Burien Club LLC
Grant Deed
$3,250,000 · Harborstone Cu
Oct 11, 1990
$1,400,000
New Wave Athletics Ltd
Old Stone Bank
Grant Deed
—
—
—
New Wave Athletics Ltd
—
Deed Of Trust
related
$500,000 · Foundation Bank
—
—
New Wave Athletics Ltd
—
Deed Of Trust
related
$250,000 · Foundation Bank
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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