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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Drive through restaurants
17333 Southcenter Pkwy Tukwila, WA 98188-3317
Entity Owned
24-yr Hold
~
Est. High Equity
Property ID
US90-0197433
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2018
Construction
WOOD
Total area
5,002 SF
Lot
1.04 ac (45,100 SF)
Zoning code
TUC-CC
APN
262304-9066
UPID
US90-0197433
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
$405k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$616k
Blend (final)
Blend
$510k
Owner & transaction history
Waikiki Grand Partners LP · 24 yrs held
Waikiki Grand Partners LP
since 2002
4 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
Method
Estimation
Statistic approach
by Request
ML approach
$405,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$510k
Range $459k – $561k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$102 / 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
$34,842
Tax year 2022
Assessed value
$3,027,600
Assessed 2022
Previous assessed
$3,027,600
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$2,029,500
Assessed improvement
$998,100
Land market value
$2,029,500
Improvement market value
$998,100
Total market value
$3,027,600
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2018
Construction
WOOD
Heating
CENTRAL
Stories
1
Total area
5,002 SF
Lot
1.04 ac (45,100 SF)
Zoning code
TUC-CC
APN
262304-9066
UPID
US90-0197433
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
2018
Construction
WOOD
Heating
CENTRAL
Stories
1
Lot
1.04 ac
Current owner
From public records · entity-resolved
Waikiki Grand Partners LP
Entity
Mailing address
5200 BUFFINGTON RD, ATLANTA, GA 30349-2945
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 27, 2017
—
Waikiki Grand Partners LP
—
Deed
related
$1,500,000 · First Hawaiian Bank
Apr 1, 2002
$4,450,000
Waikiki Grand Partners LP
Mbk Northwest
Grant Deed
$625,000 · Security Financial Life Ins Co
Nov 25, 1997
$56,000,000
Mbk Northwest
Pacific Northwest Group
Grant Deed
$62,000,000 · Sakura Bank
—
—
Waikiki Grand Partners LP
—
Deed Of Trust
related
$1,000,000 · Standard Insurance 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.
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