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Property profile & analytics
OFF-MARKET
Estimated value
$2,605,000
Office buildings
127 156th St Burien, WA 98166-2515
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US90-0530555
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1967
Construction
WOOD
Total area
18,630 SF
Lot
0.35 ac (15,305 SF)
Zoning code
CC-2
APN
122100-0830
UPID
US90-0530555
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.61M
Owner & transaction history
Childrens Therapy Center · 9 yrs held
Childrens Therapy Center
since 2017
4 recorded transactions
Zoning & alternative use
CC-2 · Burien, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$140 / 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
$8,543
Tax year 2022
Assessed value
$721,200
Assessed 2022
Previous assessed
$721,200
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$85,900
Assessed improvement
$635,300
Land market value
$85,900
Improvement market value
$635,300
Total market value
$721,200
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1967
Construction
WOOD
Heating
OTHER
Stories
2
Total area
18,630 SF
Lot
0.35 ac (15,305 SF)
Zoning code
CC-2
APN
122100-0830
UPID
US90-0530555
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CC-2 · Burien, WA
Zoning 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
Burien. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1967
Construction
WOOD
Heating
OTHER
Stories
2
Lot
0.35 ac
Current owner
From public records · entity-resolved
Childrens Therapy Center
Individual
Mailing address
10811 SE KENT KANGLEY RD, KENT, WA 98030-7108
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2017
—
Childrens Therapy Center
Dynamic Family Services
Quit Claim Deed
related
$2,600,000 · Banner Bank
Sep 16, 2010
$1,550,000
Dynamic Family Services
Southwest 156th Street Associates L
Warranty Deed
$2,000,000 · Charter Private Bank
Jun 30, 2005
$1,500,000
Southwest 156th Street Associates L
Karl K Igloi
Warranty Deed
$230,000 · Karl Igloi
Mar 21, 2003
—
Karl K Igloi
Igloi,karl K
Quit Claim Deed
related
$1,100,000 · Pacific Northwest 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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