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Property profile & analytics
FOR LEASE
Office buildings
14220 Interurban Ave S, Tukwila, WA 98168
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-1082973
For Lease
$12,220,000
14220 Interurban Ave S, Tukwila, WA 98168
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
19,474 SF
Lot
5.82 ac (253,568 SF)
Zoning code
C/LI
APN
336590-1881
UPID
US90-1082973
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.40M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.27M
Blend (final)
Blend
$12.22M
Owner & transaction history
Aaic Fairway LLC · 6 yrs held
Aaic Fairway LLC
since 2020
Last sale
$13.5M
7 recorded transactions
Zoning & alternative use
C/LI · Tukwila, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$10.2M
+48.5%
Commercial (general)
$9.9M
+43.2%
Auto repair, garage
$8.0M
+16.4%
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 Tukwila submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tukwila 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
Method
Estimation
Statistic approach
$13,535,000
ML approach
$9,395,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$10,220,000
Change: +49% · Conversion: Moderate
COMMERCIAL (GENERAL)
$9,855,000
Change: +43% · Conversion: Easy
AUTO REPAIR, GARAGE
$8,010,000
Change: +16% · Conversion: Difficult
RETAIL STORES
$7,810,000
Change: +13% · Conversion: Moderate
Blend value · Realmo final
$12.22M
Range $11.00M – $13.44M · ±10% · vs last sale $13.45M (Mar 31 2020)
Last sale anchor
$13.45M
Mar 31 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$628 / 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
$157,528
Tax year 2022
Assessed value
$13,820,800
Assessed 2022
Previous assessed
$13,820,800
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$3,975,900
Assessed improvement
$9,844,900
Land market value
$3,975,900
Improvement market value
$9,844,900
Total market value
$13,820,800
Applied tax rate
2,408.0000
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
For Lease
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Buildings
2
Stories
1
Total area
19,474 SF
Lot
5.82 ac (253,568 SF)
Zoning code
C/LI
APN
336590-1881
UPID
US90-1082973
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
C/LI · Tukwila, WA
Zoning C/LI · permitted uses
C/LI · Tukwila, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tukwila. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$10.2M
COMMERCIAL (GENERAL)
Est. value
$9.9M
AUTO REPAIR, GARAGE
Est. value
$8.0M
RETAIL STORES
Est. value
$7.8M
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Stories
1
Buildings
2
Lot
5.82 ac
Current owner
From public records · entity-resolved
Aaic Fairway LLC
Entity
Mailing address
1015 3RD AVE STE #900, SEATTLE, WA 98104-1155
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
29 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2020
$13,450,000
Aaic Fairway LLC
Aaic Fairway LLC
Warranty Deed
related
$200,000 · Cathay Bank
Jun 16, 2016
$12,784,500
Shelby Company LLC
Belltown Investment Partners LLC
Warranty Deed
$8,320,000 · Opus Bank
Jun 16, 2016
—
Shelby Co LLC
Belltown Investment Ptrs LLC
Quit Claim Deed
related
—
Oct 25, 2011
$7,500,000
Beltown Investment Partners LLC
T Williams LLC
Special Warranty Deed
$5,300,000 · Boston Private Bank & Trust Company
Aug 12, 2011
—
T Williams LLC
Dbsi Fairway LLC
Quit Claim Deed
related
—
Oct 27, 2004
$938,634
Stromfeld Living Trust LLC
Dbsi Fairway LLC
Grant Deed
—
Oct 27, 2004
$538,769
Parker Coml Warehouses LLC
Dbsi Fairway LLC
Grant Deed
—
Oct 27, 2004
$675,268
Doody Family Trust LLC
Dbsi Fairway LLC
Grant Deed
—
Oct 26, 2004
$715,418
Virginia Fairway LLC
Dbsi Fairway LLC
Grant Deed
—
Oct 25, 2004
$1,268,000
Xandra Kayden LLC
Dbsi Fairway LLC
Grant Deed
—
Oct 25, 2004
$996,291
Camarot Fairway LLC
Dbsi Fairway LLC
Grant Deed
—
Oct 25, 2004
$772,741
Wiegel Trust Fairway LLC
Dbsi Fairway LLC
Grant Deed
—
Oct 22, 2004
$434,745
Almarko LLC
Dbsi Fairway LLC
Grant Deed
—
Oct 22, 2004
$467,851
Jim & Maureen Westwater LLC
Dbsi Fairway LLC
Grant Deed
—
Oct 22, 2004
$794,234
Julie Mckane Trust LLC
Dbsi Fairway LLC
Grant Deed
—
Oct 22, 2004
$411,196
S J Hovancsek LLC
Dbsi Fairway LLC
Grant Deed
—
Oct 22, 2004
$658,634
Wimmers LLC
Dbsi Fairway LLC
Grant Deed
—
Oct 22, 2004
$574,497
Adeline D Back LLC
Dbsi Fairway LLC
Grant Deed
—
Oct 22, 2004
$563,419
Red Rock R/e Fairway LLC
Dbsi Fairway LLC
Grant Deed
—
Oct 22, 2004
$405,177
Fei Yun Chen LLC
Dbsi Fairway LLC
Grant Deed
—
Oct 22, 2004
$452,859
Kenneth B Moore Fairway LLC
Dbsi Fairway LLC
Grant Deed
—
Oct 21, 2004
$500,305
Nataleo LLC
Dbsi Fairway LLC
Grant Deed
—
Oct 21, 2004
$634,003
Moss Fairway LLC
Dbsi Fairway LLC
Grant Deed
—
Oct 21, 2004
$476,049
T Williams LLC
Dbsi Fairway LLC
Grant Deed
—
Sep 8, 2004
$10,350,000
Dbsi Fairway LLC
Kent Central Fairway Ctr LLC
Grant Deed
—
Sep 8, 2004
$7,600,000
Kent Central Fairway Ctr LLC
Fairway Center Associates LLC
Warranty Deed
related
—
Jun 8, 1998
—
Fairway Center Assoc
Fairway Center Assoc
Quit Claim Deed
related
$4,700,000 · Amresco Capital Corp
May 23, 1989
$1,260,000
Fairway Center Associates
Todd,frank&joan
Grant Deed
—
—
—
Dbsi Fairway LLC
—
Deed Of Trust
related
$5,500,000 · First Regional 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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