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Property profile & analytics
OFF-MARKET
Estimated value
$1,445,000
Commercial real estate
17275 Southcenter Pkwy Tukwila, WA 98188-3336
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US90-0802935
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
16,193 SF
Lot
2.21 ac (96,444 SF)
Zoning code
TUC-CC
APN
262304-9063
UPID
US90-0802935
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.45M
Owner & transaction history
Masao LLC · 20 yrs held
Masao LLC
since 2005
6 recorded transactions
Zoning & alternative use
TUC-CC · Tukwila, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Southcenter Parkway will continue to feature auto-oriented retail and services in a manner similar to the existing patterns of development in that area
Zone name
Tukwila Urban Center Commercial Corridor
General category
COMMERCIAL
Zone area
96.09 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$89 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$53,653
Tax year 2022
Assessed value
$4,761,100
Assessed 2022
Previous assessed
$4,761,100
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$1,853,600
Assessed improvement
$2,907,500
Land market value
$1,853,600
Improvement market value
$2,907,500
Total market value
$4,761,100
Applied tax rate
2,421.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
16,193 SF
Lot
2.21 ac (96,444 SF)
Zoning code
TUC-CC
APN
262304-9063
UPID
US90-0802935
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
TUC-CC · Tukwila, WAZoning TUC-CC · permitted uses
TUC-CC · Tukwila, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Southcenter Parkway will continue to feature auto-oriented retail and services in a manner similar to the existing patterns of development in that area
Zone name
Tukwila Urban Center Commercial Corridor
General category
COMMERCIAL
Zone area
96.09 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
2.21 ac
Current owner
From public records · entity-resolved
Masao LLC
Entity
Mailing address
117 E LOUISA ST #230, SEATTLE, WA 98102-3203
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 6, 2017
—
Sc 4 LLC
—
Deed
related
$3,000,000 · Miscellaneous Ins Co
Oct 27, 2005
—
Masao LLC
Mikami Masao Trust
Quit Claim Deed
related
—
Aug 9, 2004
—
Mikami,tr
Masao,mikami Est
Quit Claim Deed
related
—
Mar 6, 1992
—
Masao Mikami
Shimatsu Akiko
Quit Claim Deed
related
—
—
—
Sc 4 LLC
—
Deed Of Trust
related
$4,850,000 · Citigroup Global Markets Realt
—
—
Sc 4 LLC
—
Deed Of Trust
related
$3,000,000 · Miscellaneous Ins 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.
Try Rey
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