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    138 148th St Burien, WA 98166-1924
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    Property profile & analytics

    138 148th St, Burien, WA 98166-1924

    View on Map

    • Grocery and convenience stores
    • 56,811 SF
    • 8.60 lot acres
    Off-Market
    Last Sale Aug 22, 2024
    Property ID
    US90-0689886
    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
    $12,255,000
    Show details
    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 138 148th St

    Year built
    2000
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    8.60 lot acres
    Zone code
    SPA-3
    Property type
    Grocery and convenience stores
    APN
    192304-9005
    APU
    1923049005

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 22, 2024 — Autozone Development LLC Burien Plaza LLC Lease —
    Jul 11, 2005 — City Of Burien Burien Plaza LLC Quit Claim Deed —
    Feb 23, 1999 $2,750,000 Powell-burien LLC Frey Trust Trustees Deed —
    Feb 23, 1999 — Powell-burien LLC Saint Helens LLC Trustees Deed $14.7M · Seafirst Bank
    Dec 24, 1998 $1,950,000 Saint Helens LLC H & L Investment Co INC Grant Deed —
    Apr 16, 1991 — T E Frey Frey,thomas E&ba Quit Claim Deed · related —
    — — Burien Plaza LLC — Deed Of Trust · related $13.9M · Jackson National Life Ins Co
    — — Burien Plaza LLC — Deed Of Trust · related $16k · Monumental Life Insurance

    Value Estimations

    based on Realmo’s proprietary methodology
    • CAP approach

      CAP Return
      Estimation
      6%
      $14,120,000
      6.5%
      $13,030,000
      7%
      $12,100,000
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $15,289,000
      Market price range: $3.36M - $15.3M
      AI Estimate
      $8,446,000
      Market price range: $2.82M - $8.45M
    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $11,070,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $20,150,000
      Change: +82% Conversion: Difficult
      OFFICE BUILDING
      $20,075,000
      Change: +81% Conversion: Easy
      MEDICAL BUILDING
      $19,535,000
      Change: +77% Conversion: Difficult
      WAREHOUSE, STORAGE
      $16,780,000
      Change: +52% Conversion: Difficult

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


    Location Insight

    • Map
    • Local Demand
    City
    Burien
    County
    King
    State
    Washington
    Longitude
    -122.336
    Latitude
    47.4714
    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
    $299,606
    $10,116,000
    $16,114,900
    $26,230,900
    -
    $10,116,000
    $16,114,900
    $26,230,900
    More about this property
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