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Property profile & analytics
FOR SALE
Retail space
17855 Southcenter Pkwy Tukwila, WA 98188
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US90-3335713
For Sale
1 / 3
$7,100,000
17855 Southcenter Pkwy, Tukwila, WA 98188
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
34,714 SF
Lot
1.48 ac (64,434 SF)
Zoning code
TUC-CC
APN
352304-9107
UPID
US90-3335713
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
$7.97M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.10M
Owner & transaction history
Prep Furniture-tukwila LLC · 7 yrs held
Prep Furniture-tukwila LLC
since 2019
5 recorded transactions
Zoning & alternative use
TUC-CC · Tukwila, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
CAP Approach
CAP Return
Estimation
6%
$8,625,000
6.5%
$7,965,000
7%
$7,395,000
Blend value · Realmo final
$7.10M
Range $6.39M – $7.81M · ±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
$205 / 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
$88,191
Tax year 2022
Assessed value
$8,279,200
Assessed 2022
Previous assessed
$8,279,200
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$2,899,500
Assessed improvement
$5,379,700
Land market value
$2,899,500
Improvement market value
$5,379,700
Total market value
$8,279,200
Applied tax rate
2,361.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
OTHER
Stories
1
Total area
34,714 SF
Lot
1.48 ac (64,434 SF)
Zoning code
TUC-CC
APN
352304-9107
UPID
US90-3335713
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
TUC-CC · Tukwila, WA
Zoning 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
Tukwila. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
Yes
Stories
1
Lot
1.48 ac
Current owner
From public records · entity-resolved
Prep Furniture-tukwila LLC
Entity
Mailing address
5905 E GALBRAITH RD STE #1000, CINCINNATI, OH 45236-2380
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 18, 2019
—
Prep Furniture-tukwila LLC
Ttt Southcenter LLC
Grant Deed
—
Feb 24, 2004
$4,000,000
Rohrbach Southcenter LLC
Jam Associates Id
Grant Deed
$3,000,000 · Bank Of America
—
—
Rohrbach Southcenter LLC
—
Deed Of Trust
related
$2,600,050 · Bank Of America
—
—
Rohrbach Southcenter LLC
—
Deed Of Trust
related
$1,877,508 · Bank Of America
—
—
First American Exchange Corp
—
Deed Of Trust
related
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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