Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    131 SW 156Th St Burien, WA 98166
    Back to Search
    Property profile & analytics

    131 SW 156Th St, Burien, WA 98166

    View on Map
    • Medical Office Space
    • 6,738 SF
    • 0.32 lot acres
    For Lease
    $22 SF/Yr
    View Listing →
    Office, Industrial, Special Purpose For Lease
    $22 SF/Yr

    Office, Industrial, Special Purpose

    Flex space

    131 SW 156th Street, Burien, WA 98166
    View Listing
    Property ID
    US90-0171250
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    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 131 SW 156Th St

    Year built
    1969
    Construction
    WOOD
    Lot size
    0.32 lot acres
    Zone code
    RM-24
    Property type
    Medical Office Space
    Property subtype
    Medical space
    APN
    122100-0760
    APU
    1221000760

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 11, 2025 $2,450,000 Seneca Family Of Agencies Sesa LLC Warranty Deed —
    Dec 6, 2019 $1,625,000 Kjd Ventures LLC L And L Associates LLC Warranty Deed $1.4M · First Citizens Bank & Trust Co
    Mar 27, 2017 $1,500,000 Sesa LLC Family Heritage I LLC Warranty Deed $1.1M · Gbc International Bank
    Jun 15, 1999 $900,000 Family Heritage I LLC Newton Trust Grant Deed $700k · Seller
    Oct 23, 1991 — Gordon Dr Newton Newton,gordon C& Quit Claim Deed · related —
    — — Sesa LLC — Deed Of Trust · related $250k · Gbc Int'l Bk
    — — Orsea LLC — Deed Of Trust · related $650k · Rainier Pacific Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,615,000
      6.5%
      $1,490,000
      7%
      $1,385,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,190,000
      Market price range: $1.21M - $3.14M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $2,315,000
      Current use
      RESTAURANT
      $3,535,000
      Change: +53% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $3,410,000
      Change: +47% Conversion: Easy
      AUTO REPAIR, GARAGE
      $2,770,000
      Change: +20% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $2,390,000
      Change: +3% Conversion: Moderate
      OFFICE BUILDING
      $2,380,000
      Change: +3% Conversion: Easy
      WAREHOUSE, STORAGE
      $1,990,000
      Change: -14% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $1,905,000
      Change: -18% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Burien
    County
    King
    State
    Washington
    Longitude
    -122.337
    Latitude
    47.4636
    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
    $16,903
    $247,100
    $1,250,900
    $1,498,000
    -
    $247,100
    $1,250,900
    $1,498,000

    Comparable in this City

    • Value Estimation
      $515,000
      2,832 SF

      14203 Ambaum SW Blvd

      DENTAL BUILDING
      14203 Ambaum SW Blvd, Burien, WA 98166-1421
      View Details
    • Value Estimation
      $4,600,000
      25,984 SF

      14212 Ambaum SW Blvd

      MEDICAL BUILDING
      14212 Ambaum SW Blvd, Burien, WA 98166-1449
      View Details
    • Value Estimation
      $1,745,000
      9,101 SF

      16122 8th SW Ave

      MEDICAL BUILDING
      16122 8th SW Ave, Burien, WA 98166-2967
      View Details
    • Value Estimation
      $850,000
      4,124 SF

      14411 Ambaum SW Blvd

      DENTAL BUILDING
      14411 Ambaum SW Blvd, Burien, WA 98166-1423
      View Details
    • Value Estimation
      $1,800,000
      10,432 SF

      15515 3rd SW Ave

      DENTAL BUILDING
      15515 3rd SW Ave, Burien, WA 98166-2553
      View Details
    • Value Estimation
      $4,700,000
      23,612 SF

      140 146th St

      MEDICAL BUILDING
      140 146th St, Burien, WA 98166-1912
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      900 SF

      Multi-Tenant Office Building For Sale

      Multi-tenant office building near freeways and airport in Opportunity Zone.
      144 SW 153Rd St, Burien, WA 98166
      View Details
    • $2,300,000

      Mixed-Use Building in Normandy Park

      Partially completed mixed-use building with commercial and residential units.
      18449 1St Ave S, Normandy Park, WA 98166
      View Details
    • $990,000
      54,000 SF

      Medically Zoned Land Parcel

      Two land parcels for sale near St. Anne Hospital.
      443 160Th St, Seattle, WA 98166
      View Details
    • Contact for pricing
      8,960 SF

      Commercial Land in Burien, WA

      Commercial land with new sidewalks and bus enclosure nearby.
      14221 Ambaum Blvd SW, Burien, WA 98166
      View Details
    • Contact for pricing
      14,320 SF

      Retail Property for Sale

      Retail property available for purchase in Burien, Washington.
      15743 Ambaum Blvd SW, Burien, WA 98166
      View Details
    • $120,000

      Established Burien Consignment Shop

      Profitable business, loyal clientele, huge potential.
      2038 152Nd St, Burien, WA 98166
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Medical Arts Building Near Hospital

      Medical office space available within the St. Anne Hospital Campus.
      16259 Sylvester Rd SW, Burien, WA 98166
      View Details
    • Contact for pricing
      2,446 SF

      Medical Office Space in Burien

      Medical office spaces available on Highline Medical Campus.
      16259 Sylvester Rd SW, Burien, WA 98166
      View Details
    • Contact for pricing

      Medical Suites on Hospital Campus

      Ground level medical suites available for rent on hospital campus.
      16233 Sylvester Rd SW, Burien, WA 98166
      View Details
    • Contact for pricing
      1,215 SF

      Burien Office Space For Rent

      Office space with easy access and abundant parking available for rent.
      207 SW 156Th St, Burien, WA 98166
      View Details
    • Contact for pricing
      1,012 SF

      Medical/Dental Office Space Available

      5499 SF medical/dental office space for rent.
      15580 3Rd Ave SW, Burien, WA 98166
      View Details
    • Contact for pricing
      1,000 SF

      Professional Office Space in Burien

      Office space near downtown Burien with reception and offices.
      919 SW 150Th St, Burien, WA 98166
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    131 SW 156Th St
    Burien, WA 98166
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    131 SW 156Th St, Burien, WA, 98166
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!