Property profile

16901 Southcenter Pkwy Tukwila, WA 98188

FOR SALE
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Property ID
US90-0587063
24,225 SF 1.53 ac Built 1989
Last sale Jun 1999
Entity Owned Owner of record is a legal entity (LLC / corporation). 27-yr Hold Held for 27 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
Market Trends Soon

Property summary

AI-generated overview

This property consists of an 8,000 SF retail storefront at 16901 Southcenter Parkway, configured with large front display windows, dual customer entry doors, and prominent façade signage. It includes multiple roll-up delivery doors at the rear for service access, inventory handling, and light warehousing functions, and has been used historically as a retail space. The unit is situated at a signalized intersection near the junction area of I-5 and I-405 within a shopping center environment, with…

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?
$80k
Tax billed · 2022
Assessed value$7.09M
Assessed land$3.00M
Assessed improvement$4.09M
Effective rate1.12%

Value estimate

· Nov 2026
$2.10M
$1.89M – $2.31M
NOI build-up
Gross scheduled income$1.38M
Vacancy & credit loss−$44k
Operating expenses−$400k
NOI · 26.65% cap applied$933k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$506/SF
Submarket average, outlier-cleaned · 269 recorded sales of this use type
Observed band · Q1–Q3$213 – $957
Qualifying comparables6

Cap rate analysis

How does the asset earn?
26.65%
$933k 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: Electrical Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Electrical Service9.3
Smoke and Vape Shop8.9
Auto Parts Store8.4

Location

16901 Southcenter Pkwy Tukwila, WA 98188
County assessor Recorded deeds · 3 transfers 6 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

2 recorded sales · 6 properties nearby
Recent sales nearby
2 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
5119 151st, Tukwila, WA 98188-2340 $517,500 Feb 2025 2,840 SF
17305 Southcenter, Tukwila, WA 98188-3355 $5,050,000 Feb 2022 25,814 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

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