Financial
Distress signals
Property profile

131 Andover Park East Tukwila, WA 98188

FOR LEASE
Showrooms
Property ID
US90-1523146
9,374 SF 0.9 ac lot Built 1966
Last sale Mar 2001
Entity Owned Owner of record is a legal entity (LLC / corporation). 25-yr Hold Held for 25 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional 9,374-square-foot single-tenant property in Tukwila's Southend submarket presents a unique opportunity for lease or sale. Situated on a 0.9-acre lot (39,204 square feet), this Class C building boasts a prime location, offering high visibility on a corner lot east of Westfield Southcenter. The property features a versatile layout including 2,464 square feet of retail/showroom space, 2,700 square feet of office/tech space, and 3,300 square feet of flex warehouse space with

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$26k
Tax billed · 2022
Assessed value$2.24M
Assessed land$1.59M
Assessed improvement$650k
Effective rate1.17%

Value estimate

· Sep 2026
$1.72M
$1.54M – $1.89M
CAP approach$1.91M
NOI build-up
Gross scheduled income$146k
Vacancy & credit loss−$12k
Operating expenses−$40k
NOI · 673.41% cap applied$94k

Realmo valuation models over county records and 8 qualifying comparable sales.

Recently sold

What actually traded nearby?
$506/SF
Submarket average, outlier-cleaned · 269 recorded sales of this use type
Observed band · Q1–Q3$213 – $957
Qualifying comparables8

Cap rate analysis

How does the asset earn?
673.41%
$94k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
TUC-TOD
The area extending from the bus transit center on Andover Park West eastward towards the Sounder commuter rail or Amtrak station is inten...
General categoryCOMMERCIAL
JurisdictionKING

Location intelligence

Which uses thrive at this corner?
Best fit: Pet Grooming Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Pet Grooming Service8.0
Smoke and Vape Shop8.0
Tanning Salon7.8

Location

131 Andover Park East Tukwila, WA 98188
County assessor Recorded deeds · 1 transfer 8 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
16425 Southcenter, Tukwila, WA 98188-3304 $5,300,000 Feb 2026 4,636 SF
5119 151st, Tukwila, WA 98188-2340 $517,500 Feb 2025 2,840 SF
220 Strander, Tukwila, WA 98188-2831 $7,900,000 Nov 2022 3,000 SF
290 Andover E, Tukwila, WA 98188-2970 $6,500,000 May 2022 25,380 SF
17305 Southcenter, Tukwila, WA 98188-3355 $5,050,000 Feb 2022 25,814 SF
402 Strander, Tukwila, WA 98188-2919 $10,300,000 Nov 2021 44,616 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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