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Property profile & analytics
OFF-MARKET
Estimated value
$695,000
Medical Office Space
16218 42nd S Ave Tukwila, WA 98188-3013
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-1671439
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,775 SF
Lot
0.23 ac (10,018 SF)
Zoning code
NCC
APN
537980-0695
UPID
US90-1671439
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
$765k
CAP Approach
CAP
$615k
Comparable Approach
Comparable
$771k
Blend (final)
Blend
$695k
Owner & transaction history
Seatac Prime Group LLC · 5 yrs held
Seatac Prime Group LLC
since 2020
Last sale
$640,000
5 recorded transactions
Zoning & alternative use
NCC · Tukwila, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
18.16.010 - § 18.16.050) Chapter 18.18 OFFICE (O) DISTRICT (§ 18.18.010 - § 18.18.050) Chapter 18.20 RESIDENTIAL COMMERCIAL CENTER (RCC) DISTRICT (§ 18.20.010 - § 18.20.050) Chapter 18.22 NEIGHBORHOOD COMMERCIAL CENTER (NCC) DISTRICT (§ 18.22.010 - § 18.22.060) Chapter 18.24 REGIONAL COMMERCIAL (RC) DISTRICT (§ 18.24.010 - § 18.24.060) Chapter 18.26 REGIONAL…
Zone name
Neighborhood Commercial Center
General category
COMMERCIAL
Zone area
38.55 ac
Top alternative use upside
Auto repair, garage
$1.1M
+19.7%
Retail stores
$1.1M
+16.6%
Office building
$980,000
+2.8%
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
$730,000
ML approach
$765,000
CAP Approach
CAP Return
Estimation
6%
$665,000
6.5%
$615,000
7%
$570,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$955,000
Current use
AUTO REPAIR, GARAGE
$1,140,000
Change: +20% · Conversion: Difficult
RETAIL STORES
$1,115,000
Change: +17% · Conversion: Difficult
OFFICE BUILDING
$980,000
Change: +3% · Conversion: Easy
WAREHOUSE, STORAGE
$820,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$695k
Range $626k – $765k · ±10% · vs last sale $640k (Sep 3 2020)
Last sale anchor
$640k
Sep 3 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
$250 / 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
$8,294
Tax year 2024
Assessed value
$681,300
Assessed 2023
Previous assessed
$681,300
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$190,300
Assessed improvement
$491,000
Land market value
$190,300
Improvement market value
$491,000
Total market value
$681,300
Applied tax rate
2,326.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
OTHER
Stories
1
Total area
2,775 SF
Lot
0.23 ac (10,018 SF)
Zoning code
NCC
APN
537980-0695
UPID
US90-1671439
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NCC · Tukwila, WAZoning NCC · permitted uses
NCC · Tukwila, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
18.16.010 - § 18.16.050) Chapter 18.18 OFFICE (O) DISTRICT (§ 18.18.010 - § 18.18.050) Chapter 18.20 RESIDENTIAL COMMERCIAL CENTER (RCC) DISTRICT (§ 18.20.010 - § 18.20.050) Chapter 18.22 NEIGHBORHOOD COMMERCIAL CENTER (NCC) DISTRICT (§ 18.22.010 - § 18.22.060) Chapter 18.24 REGIONAL COMMERCIAL (RC) DISTRICT (§ 18.24.010 - § 18.24.060) Chapter 18.26 REGIONAL COMMERCIAL MIXED-USE (RCM) DISTRICT (§ 18.26.010 - § 18.26.050) Chapter 18.28 TUKW
Zone name
Neighborhood Commercial Center
General category
COMMERCIAL
Zone area
38.55 ac
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$955,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
RETAIL STORES
Est. value
$1.1M
OFFICE BUILDING
Est. value
$980,000
WAREHOUSE, STORAGE
Est. value
$820,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE 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
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
Yes
Stories
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
Seatac Prime Group LLC
Entity
Mailing address
16218 42ND AVE S, TUKWILA, WA 98188-3013
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 21, 2022
—
Seatac Prime Group LLC
—
Deed
related
$1,113,500 · The Huntington National Bank
Sep 3, 2020
$640,000
Seatac Prime Group LLC
James H Phillips
Warranty Deed
$544,000 · Wells Fargo Bank NA
Nov 24, 1993
$220,000
James H Phillips
Nienaber,duane E
Grant Deed
$176,000 · Us Bank Of Washington
—
—
James H Phillips
—
Deed Of Trust
related
$183,518 · Us Bank
—
—
James H Phillips
—
Deed Of Trust
related
$112,131 · Us Bank NA
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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