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Property profile

16705 Southcenter Pkwy Tukwila, WA 98188

FOR LEASE
Retail space
Property ID
US90-0468936
23,422 SF 0.84 ac lot Built 1978
Last sale Jan 2019 · $4,050,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A freestanding, three-story mixed-use building totaling approximately 23,422 SF with elevator service, a central atrium, and a mezzanine contributing to the interior layout. The configuration supports multiple uses: street-level retail of approximately 9,676 SF with broad storefront exposure along Southcenter Parkway; a second-floor area of approximately 11,606 SF including a receiving area and designed with open spans and perimeter glass suitable for showroom and office use; and a third-floor…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$44k
Tax billed · 2022
Assessed value$3.94M
Assessed land$1.64M
Assessed improvement$2.29M
Effective rate1.12%

Value estimate

· Oct 2026
$4.08M
$3.67M – $4.48M
NOI build-up
Gross scheduled income$801k
Vacancy & credit loss−$175k
Operating expenses−$235k
NOI · 1,956,380.00% cap applied$391k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$392/SF
County average, outlier-cleaned · 399 recorded sales of this use type
Observed band · Q1–Q3$181 – $680
Qualifying comparables5

Cap rate analysis

How does the asset earn?
1,956,380.00%
$391k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
TUC-CC
Southcenter Parkway will continue to feature auto-oriented retail and services in a manner similar to the existing patterns of developmen...
General categoryCOMMERCIAL
JurisdictionKING

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Parts Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Parts Store10.2
Electrical Service9.3
Smoke and Vape Shop8.9

Location

16705 Southcenter Pkwy Tukwila, WA 98188
County assessor Recorded deeds · 8 transfers 5 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
16425 Southcenter, Tukwila, WA 98188-3304 $5,300,000 Feb 2026 4,636 SF
4605 188th, Seattle, WA 98188 $6,464,000 Jun 2023 1,278 SF
220 Strander, Tukwila, WA 98188-2831 $7,900,000 Nov 2022 3,000 SF
290 Andover E, Tukwila, WA 98188-2970 $6,500,000 May 2022 25,380 SF
402 Strander, Tukwila, WA 98188-2919 $10,300,000 Nov 2021 44,616 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

Ask Rey → ChatGPT Grok Claude
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