Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    15020 10th SW Ave Burien, WA 98166-1818

    • Office buildings
    • 3,750 SF
    • 0.17 lot acres
    OFF-MARKET
    Value Estimations
    $725,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-0687396
    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

    • Isalis / Gift Shop / Boutique
    • Party City / Party Store / Balloon Store
    • Skunk Funk / Corporate Campus / Wholesaler
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop

    Property Details for 15020 10th SW Ave

    Year built
    1967
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.17 lot acres
    Property size
    3,750 SF
    Zone code
    CC-1
    Property type
    Office buildings
    APN
    189940-0360
    APU
    1899400360

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,110,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Burien
    County
    King
    State
    Washington
    Longitude
    -122.347
    Latitude
    47.4679
    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
    $596
    $175,200
    $517,400
    $692,600
    -
    $175,200
    $517,400
    $692,600

    Comparable in this City

    • Value Estimation
      $765,000
      3,520 SF

      860 143rd St

      OFFICE BUILDING • 3,520 SF
      860 143rd St, Burien, WA 98166-1515
      View Details
    • Value Estimation
      $1,275,000
      6,640 SF

      401 153rd St

      OFFICE BUILDING • 6,640 SF
      401 153rd St, Burien, WA 98166-2247
      View Details
    • Value Estimation
      $7,935,000
      57,064 SF

      15811 Ambaum SW Blvd

      OFFICE BUILDING • 57,064 SF
      15811 Ambaum SW Blvd, Burien, WA 98166-3066
      View Details
    • Value Estimation
      $1,345,000
      6,313 SF

      2108 152nd St

      OFFICE BUILDING • 6,313 SF
      2108 152nd St, Burien, WA 98166-2027
      View Details
    • Value Estimation by Request
      1,856 SF

      251 153rd St

      OFFICE BUILDING • 1,856 SF
      251 153rd St, Burien, WA 98166-2358
      View Details
    • Value Estimation
      $1,220,000
      6,400 SF

      148 153rd St

      OFFICE BUILDING • 6,400 SF
      148 153rd St, Burien, WA 98166-2347
      View Details

    Similar Nearby for Sale

    • $1,150,000

      Burien Stand Alone Building

      Stand alone building in Burien, suitable for office or retail.
      112 157Th St, Seattle, WA 98166
      View Details
    • $300,000
      671 SF

      Condo in Prime Burien Location

      Affordable condo in downtown Burien, near restaurants, shops, and transit.
      15100 6Th Ave SW, Seattle, WA 98166
      View Details
    • $1,800,000

      Automotive Shop Building For Sale

      Automotive shop building for sale with upside potential.
      823 148Th St, Seattle, WA 98166
      View Details
    • Contact for pricing

      Duplex in Old Burien Location

      Well-maintained duplex in a desirable, vibrant, and growing community.
      15212 9Th Ave SW, Seattle, WA 98166
      View Details
    • $3,496,782
      8,474 SF

      Burien Warehouse For Sale

      8,474 SF warehouse property available in Burien, Washington.
      912 SW 146Th Ln, Burien, WA 98166
      View Details
    • $2,700,000

      Burien Land with Development Potential

      2.67-acre site zoned MU-2, ideal for various development projects.
      16054 3Rd Ave SW, Seattle, WA 98166
      View Details

    Similar Nearby for Lease

    • $2,200 /Mo
      6,400 SF

      Burien Office For Lease

      Burien Office For Lease
      122 SW 156th, St Burien, WA 98166
      View Details
    • Contact for pricing
      797 SF

      Office Space Available for Rent

      Office space available for rent in Burien, Washington.
      16259 Sylvester Rd SW, Burien, WA 98166
      View Details
    • $35 SF/Yr
      1,546 SF

      Office Space Available For Rent

      Office space available for lease in Burien, Washington.
      16233 Sylvester Rd SW, Burien, WA 98166
      View Details
    • $20 SF/Yr
      6,996 SF

      Highline Medical Office Space For Lease

      Burien medical office suites available.
      16122 8 Ave, Burien, WA 98166
      View Details
    • $24 SF/Yr
      7,000 SF

      Burien Lofts: Prime Commercial Space

      Renovated Burien office/retail, high visibility.
      154 153 St, Burien, WA 98166
      View Details
    • $2,000 /Mo
      825 SF

      Townhome with Modern Amenities

      Comfortable townhome with updated kitchen, in-unit laundry, and outdoor space.
      15824 9Th Ave SW, Seattle, WA 98166
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    15020 10th SW Ave
    Burien, WA 98166-1818
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.