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Property profile & analytics
OFF-MARKET
Estimated value
$3,385,000
Office buildings
15820 Tukwila International Blvd Tukwila, WA 98188-2648
Entity Owned
24-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1155815
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1956
Construction
CONCRETE
Total area
16,212 SF
Lot
1.7 ac (74,052 SF)
Zoning code
RC
APN
222304-9015
UPID
US90-1155815
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
by Request
CAP Approach
CAP
$4.67M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.39M
Owner & transaction history
Seatac City (wa) · 24 yrs held
Seatac City (wa)
since 2001
7 recorded transactions
Zoning & alternative use
RC · Tukwila, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,060,000
6.5%
$4,670,000
7%
$4,335,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$5,575,000
Change: -3% · Conversion: Easy
WAREHOUSE, STORAGE
$4,790,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$3.39M
Range $3.05M – $3.72M · ±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
$209 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$39,682
Tax year 2024
Assessed value
$3,323,400
Assessed 2023
Previous assessed
$3,323,400
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$3,110,100
Assessed improvement
$213,300
Land market value
$3,110,100
Improvement market value
$213,300
Total market value
$3,323,400
Applied tax rate
2,413.0000
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
Off-Market
Year built
1956
Construction
CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
16,212 SF
Lot
1.7 ac (74,052 SF)
Zoning code
RC
APN
222304-9015
UPID
US90-1155815
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
RC · Tukwila, WA
Zoning RC · permitted uses
RC · 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
MEDICAL BUILDING
Est. value
$5.6M
WAREHOUSE, STORAGE
Est. value
$4.8M
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
1956
Construction
CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.7 ac
Current owner
From public records · entity-resolved
Seatac City (wa)
Entity
Mailing address
777 108TH AVE NE STE #2150, BELLEVUE, WA 98004-5137
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2001
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
Jul 17, 2025
—
Sterling Realty Organization Co
—
Deed
related
—
May 16, 2013
—
Avis Rent A Car System LLC
—
Deed Of Trust
related
—
May 7, 2013
—
Avis Rent A Car System LLC
—
Deed Of Trust
related
—
Dec 27, 2001
—
Seatac City (wa)
Sterling Realty Organization C
Grant Deed
related
—
—
—
Avis Rent A Car System LLC
—
Loan Modification
related
—
—
—
Avis Rent A Car System LLC
—
Loan Modification
related
—
—
—
Plitt Theatres INC
—
Deed Of Trust
related
$430,126 · Bankers Trust Co
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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