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17202 Des Moines Memorial Dr Burien, WA 98148

OFF-MARKET Residential income homes Google Maps
10.5 ac lot
Estimated value
No estimation on file for this property yet.
Property ID US90-0166237

Property summary

AI-generated overview

This exceptional 10.5-acre property in Burien, King County, Washington, presents a rare development opportunity. Located at 17202 & 17050 Des Moines Memorial Dr S, 98148, this multifamily investment comprises two parcels, each featuring a single-family home and outbuildings, built in 1947 and 1949, and renovated in 2007. The property is zoned RSA, offering significant potential for various development projects, including low-income housing, residential development, or multifamily expansion. The existing two rental units provide immediate income potential while development plans are underway. Conveniently located just 18 minutes from downtown Seattle and 5 minutes from SeaTac Airport, this prime location enhances its investment appeal. The properties are being sold as-is. The total acreage offers substantial upside potential for future growth and development, given recent favorable legislative changes at the local and state levels. This is a unique chance to acquire a large parcel in a high-demand area with considerable flexibility for future use.

Property profile

Verified
Property type Residential income homes
Lot 10.5 ac (457,380 SF)
UPID US90-0166237

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store
  • Party Supply Store (Bike/Boat/Book/etc) Store
  • Big Box & Wholesale Store
  • Hat Shop
  • (Bike/Boat/Book/etc) Store

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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