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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    13050 Military S Rd Tukwila, WA 98168-3047

    • Medical offices
    • 5,274 SF
    • 0.55 lot acres
    OFF-MARKET
    Last Sale
    Jan 20, 2022
    $2,100,000
    Value Estimations
    $1,765,000
    Show details
    Cap Rate Potential
    4.1%
    Medical offices
    Location Intelligence
    Property ID
    US90-1751449
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by 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

    Property Details for 13050 Military S Rd

    Year built
    1978
    Construction
    WOOD
    Lot size
    0.55 lot acres
    Property size
    5,274 SF
    Zone code
    O
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    162304-9175
    APU
    1623049175

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,870,000
      ML approach
      $1,695,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,265,000
      6.5%
      $1,165,000
      7%
      $1,085,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,655,000
      Market price range: $949k - $2.46M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $1,815,000
      Current use
      RESTAURANT
      $2,770,000
      Change: +53% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $2,670,000
      Change: +47% Conversion: Easy
      AUTO REPAIR, GARAGE
      $2,170,000
      Change: +20% Conversion: Difficult
      RETAIL STORES
      $2,115,000
      Change: +17% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $1,870,000
      Change: +3% Conversion: Moderate
      OFFICE BUILDING
      $1,865,000
      Change: +3% Conversion: Easy
      WAREHOUSE, STORAGE
      $1,560,000
      Change: -14% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tukwila
    County
    King
    State
    Washington
    Longitude
    -122.296
    Latitude
    47.486
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $16,297
    $214,700
    $1,248,800
    $1,463,500
    -
    $214,700
    $1,248,800
    $1,463,500

    Comparable in this City

    • Value Estimation
      $7,895,000
      48,677 SF

      12901 20th S Ave

      MEDICAL BUILDING • 48,677 SF
      12901 20th S Ave, Seatac, WA 98168-5159
      View Details
    • Value Estimation
      $1,000,000
      6,049 SF

      13100 Military S Rd

      MEDICAL BUILDING • 6,049 SF
      13100 Military S Rd, Tukwila, WA 98168-3086
      View Details
    • Value Estimation
      $740,000
      4,903 SF

      13900 Interurban S Ave

      MEDICAL BUILDING • 4,903 SF
      13900 Interurban S Ave, Tukwila, WA 98168-4773
      View Details
    • Value Estimation
      $2,035,000
      14,195 SF

      13610 1st S Ave

      MEDICAL BUILDING • 14,195 SF
      13610 1st S Ave, Burien, WA 98168-3404
      View Details
    • Value Estimation
      $3,970,000
      32,200 SF

      13030 Military S Rd

      MEDICAL BUILDING • 32,200 SF
      13030 Military S Rd, Tukwila, WA 98168-3085
      View Details
    • Value Estimation by Request
      1,152 SF

      14463 Military S Rd

      MEDICAL BUILDING • 1,152 SF
      14463 Military S Rd, Tukwila, WA 98168-4255
      View Details

    Similar Nearby for Sale

    • $695,000
      1,152 SF

      SeaTac Investment Opportunity For Sale

      1,152 SF facility in SeaTac, offering versatile development possibilities.
      14463 Military Rd S, Seattle, WA 98168
      View Details
    • Contact for pricing
      7 SF

      Office Building Near Golf Course

      Office building with quick access to highways and area amenities.
      13975 Interurban Ave South | Tukwila, Seattle, WA 98168
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    • $3,675,000

      Tukwila Office Building For Sale

      Office building for sale in Tukwila, Washington.
      14601 Interurban Ave South, Tukwila, WA 98168
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    • Contact for pricing
      56,834 SF

      Southcenter Plaza Office Suites

      Office suites available in a centrally located park-like setting.
      14900 Interurban Ave S, Seattle, WA 98168
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    • $3,200,000
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      Prime Commercial Property in Seatac

      Versatile commercial building in high-traffic area near the Airport.
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      Prime Burien location, high traffic, commercial zoning.
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    Similar Nearby for Lease

    • $24 SF/Yr
      1,992 SF

      Tukwila Office Space Available

      Office space for rent with convenient access to transportation.
      14220 Interurban Ave S, Tukwila, WA 98168
      View Details
    • $1.50 SF/Yr
      5,756 SF

      Tukwila Office Space Available

      Divisible office space with high image and ample parking.
      3516 S 116Th St, Tukwila, WA 98168
      View Details
    • $13,830 /Mo
      12,996 SF

      Tukwila Office Space Available

      Office space for rent in Tukwila, Washington.
      12830-12886 Interurban Ave S, Tukwila, WA 98168
      View Details
    • $26 SF/Yr
      3,237 SF

      Tukwila Office Building For Rent

      Stand-alone office building with glass line and perimeter windows available for rent.
      13975 Interurban Ave S, Tukwila, WA 98168
      View Details
    • Contact for pricing
      7,948 SF

      Dahlgren Office Building: Tukwila, WA

      7,948 SF Office Space - Prime Location
      13975 Interurban Avenue South | Tukwila, WA 98168, Tukwila, WA 98168
      View Details
    • $25 SF/Yr
      1,597 SF

      Tukwila Office Space Available

      Office space for rent in Tukwila, Washington.
      14240 Interurban Ave S, Tukwila, WA 98168
      View Details
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    13050 Military S Rd
    Tukwila, WA 98168-3047
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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