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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    14802 Tukwila International Blvd Tukwila, WA 98168-4329

    • Outlet malls
    • 11,500 SF
    • 0.79 lot acres
    OFF-MARKET
    Last Sale
    May 15, 2024
    $2,230,000
    Value Estimations
    $2,230,000
    Show details
    Cap Rate Potential
    7.7%
    Outlet malls
    Location Intelligence
    Property ID
    US90-1550815
    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.

    Current Use by Public Records

    • Outlet malls

    Property Details for 14802 Tukwila International Blvd

    Year built
    1967
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.79 lot acres
    Property size
    11,500 SF
    Zone code
    RC
    Property type
    Outlet malls
    APN
    004100-0141
    APU
    41000141

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,230,000
      ML approach
      $2,230,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,860,000
      6.5%
      $2,640,000
      7%
      $2,450,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Tukwila
    County
    King
    State
    Washington
    Longitude
    -122.285
    Latitude
    47.4704
    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
    2024
    $18,784
    $1,311,900
    $228,500
    $1,540,400
    -
    $1,311,900
    $228,500
    $1,540,400

    Comparable in this City

    • Value Estimation
      $2,700,000
      14,320 SF

      1415 100th St

      WHOLESALE OUTLET, DISCOUNT STORE • 14,320 SF
      1415 100th St, Seattle, WA 98168-1617
      View Details
    • Value Estimation
      $22,165,000
      169,910 SF

      14300 1st S Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 169,910 SF
      14300 1st S Ave, Burien, WA 98168-3400
      View Details
    • Value Estimation by Request
      2,500 SF

      11803 Des Moines Memorial S Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 2,500 SF
      11803 Des Moines Memorial S Dr, Seattle, WA 98168-1242
      View Details
    • Value Estimation by Request
      1,670 SF

      12462 Des Moines Memorial S Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 1,670 SF
      12462 Des Moines Memorial S Dr, Seattle, WA 98168-2266
      View Details
    • Value Estimation by Request
      1,034 SF

      12020 Des Moines Memorial S Dr

      SHOPPING CENTER, STRIP CENTER • 1,034 SF
      12020 Des Moines Memorial S Dr, Seattle, WA 98168-2228
      View Details
    • Value Estimation by Request
      1.18 Acres

      14675 Interurban S Ave

      PARKING LOT • 1.18 Acres
      14675 Interurban S Ave, Seattle, WA 98168-4614
      View Details

    Similar Nearby for Sale

    • $4,000,000

      Equipped Commercial Kitchen For Sale

      Occupied commercial kitchen with grade-level loading and high ceilings.
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      18,362 SF

      Prime Commercial Property in Seatac

      Versatile commercial building in high-traffic area near the Airport.
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      Residential Lot with Woods

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      Development Land in Burien, WA

      Vacant land parcel with development potential in a growing area.
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    • $3,675,000

      Tukwila Office Building For Sale

      Office building for sale in Tukwila, Washington.
      14601 Interurban Ave South, Tukwila, WA 98168
      View Details
    • Contact for pricing
      56,834 SF

      Southcenter Plaza Office Suites

      Office suites available in a centrally located park-like setting.
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    Similar Nearby for Lease

    • $24 SF/Yr
      1,992 SF

      Tukwila Office Space Available

      Office space for rent with convenient access to transportation.
      14220 Interurban Ave S, Tukwila, WA 98168
      View Details
    • $1.50 SF/Yr
      5,756 SF

      Tukwila Office Space Available

      Divisible office space with high image and ample parking.
      3516 S 116Th St, Tukwila, WA 98168
      View Details
    • $1.47 SF/Yr
      8,466 SF

      Tukwila Industrial Space Available

      Industrial property available for lease in Tukwila, Washington.
      3225 S 116Th St, Tukwila, WA 98168
      View Details
    • $26 SF/Yr
      1,795 SF

      Tukwila Office Space for Rent

      Office space in park-like setting with Green River views.
      14900 Interurban Ave S, Tukwila, WA 98168
      View Details
    • Contact for pricing
      12,000 SF

      Tukwila Warehouse with Office Space

      12,000 SF warehouse with office, near I-5 and SR-599.
      12610-12618 Interurban Ave S, Tukwila, WA 98168
      View Details
    • $1.25 SF/Yr
      11,000 SF

      Tukwila Distribution Space Available

      Distribution and showroom space with abundant parking in Tukwila.
      3415 S 116Th St, Tukwila, WA 98168
      View Details
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    Tukwila, WA 98168-4329
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    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
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