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Property profile & analytics
OFF-MARKET
Estimated value
$1,980,000
Parking lots & garages
15050 1st S Ave Burien, WA 98148-1008
Entity Owned
6-yr Hold
Free & Clear
Property ID
US90-0724476
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1976
Construction
WOOD
Total area
2,520 SF
Lot
0.52 ac (22,665 SF)
Zoning code
CR
APN
176060-0240
UPID
US90-0724476
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
$2.15M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.47M
Blend (final)
Blend
$1.98M
Owner & transaction history
15050 Burien LLC · 6 yrs held
15050 Burien LLC
since 2020
Last sale
$2.0M
4 recorded transactions
Zoning & alternative use
CR · Burien, WA
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
$2,280,000
ML approach
$2,150,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.98M
Range $1.78M – $2.18M · ±10% · vs last sale $2.00M (May 19 2020)
Last sale anchor
$2.00M
May 19 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
$786 / 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
$6,744
Tax year 2022
Assessed value
$543,900
Assessed 2022
Previous assessed
$543,900
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$543,900
Land market value
$543,900
Total market value
$543,900
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 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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1976
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Total area
2,520 SF
Lot
0.52 ac (22,665 SF)
Zoning code
CR
APN
176060-0240
UPID
US90-0724476
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CR · Burien, WAZoning CR · permitted uses
CR · Burien, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Burien Municipal Code
Building & site characteristics
From public records
Year built
1976
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Lot
0.52 ac
Current owner
From public records · entity-resolved
15050 Burien LLC
Entity
Free & Clear · 6 yrs held
Mailing address
22102 17TH AVE SE STE #100, BOTHELL, WA 98021-7452
Mailing matches property
Yes
Owner-occupied
Yes
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 19, 2020
—
15050 Burien LLC
Rc 1st Avenue LLC
Quit Claim Deed
related
—
Feb 21, 2018
$2,000,000
Rc 1st Avenue LLC
Afp Sixty Seven Corp
Grant Deed
—
Jul 23, 2015
—
Afp Sixty Seven Corp
United Cap Corp
Grant Deed
—
Jul 6, 2015
—
Afp Sixty Seven Corp
United Cap Corp
Grant Deed
—
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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