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Property profile & analytics
OFF-MARKET
Estimated value
$3,000,000
Retail space
14656 Ambaum SW Blvd Burien, WA 98166-1810
Entity Owned
9-yr Hold
Free & Clear
Property ID
US90-1044880
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
13,905 SF
Lot
1.2 ac (52,079 SF)
Zoning code
CC-1
APN
122800-0044
UPID
US90-1044880
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
Current use
Occupant on record · 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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.19M
Comparable Approach
Comparable
$3.74M
Blend (final)
Blend
$3.00M
Owner & transaction history
Centennial Props Burien LLC · 9 yrs held
Centennial Props Burien LLC
since 2017
7 recorded transactions
Zoning & alternative use
CC-1 · Burien, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$4.9M
+82.0%
Office building
$4.9M
+81.4%
Medical building
$4.8M
+76.5%
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 Burien submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Burien 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,455,000
6.5%
$3,190,000
7%
$2,960,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,710,000
Current use
APARTMENT HOUSE (5+ UNITS)
$4,930,000
Change: +82% · Conversion: Difficult
OFFICE BUILDING
$4,915,000
Change: +81% · Conversion: Easy
MEDICAL BUILDING
$4,780,000
Change: +77% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,110,000
Change: +52% · Conversion: Difficult
Blend value · Realmo final
$3.00M
Range $2.70M – $3.30M · ±10%
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
$216 / 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
$63,024
Tax year 2022
Assessed value
$5,661,300
Assessed 2022
Previous assessed
$5,661,300
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,236,800
Assessed improvement
$4,424,500
Land market value
$1,236,800
Improvement market value
$4,424,500
Total market value
$5,661,300
Applied tax rate
937.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
GAS
Cooling
AC.PACKAGE
Stories
1
Total area
13,905 SF
Lot
1.2 ac (52,079 SF)
Zoning code
CC-1
APN
122800-0044
UPID
US90-1044880
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CC-1 · Burien, WA
Zoning CC-1 · permitted uses
CC-1 · Burien, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Burien. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.9M
OFFICE BUILDING
Est. value
$4.9M
MEDICAL BUILDING
Est. value
$4.8M
WAREHOUSE, STORAGE
Est. value
$4.1M
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
GAS
Cooling
Yes
Stories
1
Lot
1.2 ac
Current owner
From public records · entity-resolved
Centennial Props Burien LLC
Entity
Free & Clear · 9 yrs held
Mailing address
14656 AMBAUM BLVD SW, BURIEN, WA 98166-1810
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2024
—
Centennial Properties Burien LLC
—
Deed
related
$18,000,000 · Banner Bank
Sep 24, 2019
—
Centennial Properties Burien LLC
—
Deed
related
$15,000,000 · Us Bank NA
Mar 15, 2017
$5,500,000
Centennial Props Burien LLC
Zoline Washington Holdings LLC
Warranty Deed
—
Jan 23, 2017
—
Zoline Washington Holdings LLC
Zoline Family Ptshp
Quit Claim Deed
—
Mar 31, 1998
$3,900,000
Zoline Family LP
Evergreen-ambaum LP
Grant Deed
—
Oct 7, 1996
$650,000
Evergreen-ambaum LP
Genzale,anthony J & Susan M
Grant Deed
—
—
—
Anthony J Genzale
—
Deed Of Trust
related
$29,284 · Evergreen Devco INC
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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