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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    17305 Southcenter Pkwy Tukwila, WA 98188-3355

    • Commercial real estate
    • 25,814 SF
    • 1.41 lot acres
    OFF-MARKET
    Last Sale
    Feb 01, 2022
    $5,050,000
    Value Estimations
    $4,835,000
    Show details
    Cap Rate Potential
    7.6%
    Commercial real estate
    Location Intelligence
    Property ID
    US90-3334247
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 17305 Southcenter Pkwy

    Year built
    2008
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.41 lot acres
    Property size
    25,814 SF
    Zone code
    TUC-CC
    Property type
    Commercial real estate
    APN
    262304-9024
    APU
    2623049024

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,500,000
      ML approach
      $4,325,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,680,000
      6.5%
      $5,240,000
      7%
      $4,870,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tukwila
    County
    King
    State
    Washington
    Longitude
    -122.263
    Latitude
    47.4484
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $85,469
    $2,767,900
    $4,872,100
    $7,640,000
    -
    $2,767,900
    $4,872,100
    $7,640,000

    Comparable in this City

    • Value Estimation
      $3,045,000
      31,600 SF

      321 Strander Blvd

      COMMERCIAL (GENERAL) • 31,600 SF
      321 Strander Blvd, Tukwila, WA 98188-2916
      View Details
    • Value Estimation
      $1,200,000
      13,380 SF

      1233 Andover E Park

      COMMERCIAL (GENERAL) • 13,380 SF
      1233 Andover E Park, Tukwila, WA 98188-3906
      View Details
    • Value Estimation
      $2,395,000
      20,934 SF

      230 Andover E Park

      SHOW ROOM, WAREHOUSE • 20,934 SF
      230 Andover E Park, Tukwila, WA 98188-2903
      View Details
    • Value Estimation by Request
      4.15 Acres

      Seattle, WA 98188

      COMMERCIAL (GENERAL) • 4.15 Acres
      Seattle, WA 98188
      View Details
    • Value Estimation by Request
      3.17 Acres

      Seattle, WA 98188

      COMMERCIAL (GENERAL) • 3.17 Acres
      Seattle, WA 98188
      View Details
    • Value Estimation
      $7,590,000
      37,003 SF

      16800 Southcenter Pkwy

      COMMERCIAL (GENERAL) • 37,003 SF
      16800 Southcenter Pkwy, Seattle, WA 98188
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3.00 Acres

      Tukwila Industrial Land - 3 Acres

      Prime Tukwila industrial land, lease or sale.
      18200 Andover Park, Tukwila, WA 98188
      View Details
    • $99,900
      648 SF

      New Singlewide in 55+ Community

      New 2-bedroom singlewide in SeaTac's Bow Lake 55+ community.
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    • $16,500,000
      101,116 SF

      Tukwila Multifamily Investment Opportunity

      114-unit apartment complex with value-add potential in Tukwila, WA.
      5711 S 152Nd St, Seattle, WA 98188
      View Details
    • Contact for pricing
      25,300 SF

      Southcenter Office Building Suites

      Office suites available in convenient Southcenter location with easy access.
      320 Andover Park E, Tukwila, WA 98188
      View Details
    • $218,999

      Top-Floor Condo in Tukwila

      Light-filled condo with recent updates and convenient location.
      15146 65Th Ave S, Tukwila, WA 98188
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    • $550,000

      Turn-Key Restaurant in Tukwila

      Established Restaurant, High Traffic Area
      1142024 Bizop Undisclosed, Tukwila, WA 98188
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    Similar Nearby for Lease

    • Contact for pricing
      468,857 SF

      Parkway Super Center Retail Space

      High-traffic Tukwila retail space available.
      0 Southcenter Pkwy & Minkler Blvd, Tukwila, WA 98188
      View Details
    • $24 SF/Yr
      5,000 SF

      Tukwila Warehouse Space Available

      Flexible warehouse space, King County.
      18700 Southcenter Pkwy, Tukwila, WA 98188
      View Details
    • Contact for pricing
      74,345 SF

      Tukwila Industrial Sublease Opportunity

      Industrial sublease featuring shell space and office areas in Tukwila.
      18436 Cascade Ave South | Tukwila, Seattle, WA 98188
      View Details
    • Contact for pricing
      19,200 SF

      Warehouse Space with Flexible Layout

      Adaptable warehouse space featuring reception, offices, restrooms, and break area.
      910 Industry Dr, Seattle, WA 98188
      View Details
    • $1.00 SF/Yr
      54,540 SF

      Tukwila Warehouse Space Available

      54,540 SF warehouse with office space for lease.
      1000 Andover Park W, Tukwila, WA 98188
      View Details
    • $28 SF/Yr
      1,889 SF

      Tukwila Office Space Available

      Market-ready office space in a centrally located Southcenter campus.
      635 Andover Park West, Tukwila, WA 98188
      View Details
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    Tukwila, WA 98188-3355
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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