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Property profile & analytics
OFF-MARKET Estimated value $3,865,000
Commercial real estate

19803 1st S Ave Normandy Park, WA 98148-2472

12,960 SF 0.96 ac lot Built 2008
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US90-0682165
Property summary
AI-generated overview

Normandy Park Towne Center offers a unique opportunity to lease retail space in a thriving King County location. This Class C strip center, built in 2007 and renovated in 2014, comprises five single-story buildings totaling 81,273 square feet on an 8.03-acre lot (349,825 square feet). The center is currently zoned NC and features 388 parking stalls, ensuring ample customer convenience. Spaces range from a minimum of 1,295 square feet to a maximum contiguous space of 1,445 square feet, with 2,740 square feet currently vacant. The property boasts excellent visibility and accessibility, benefiting from a high average daily traffic count of 12,835 vehicles on SR 509. Its strategic location near SeaTac International Airport, major highways, and downtown Seattle provides exceptional exposure to a large customer base. Current anchors include Ace Hardware and Normandy Park Ale House, creating a vibrant and well-established retail environment. A new gas station and convenience store are planned for the near future, further enhancing the center's appeal and drawing additional traffic. This property is ideal for a variety of businesses, including restaurants, offices, retail establishments, or professional service providers seeking a high-traffic, easily accessible location in a desirable waterfront community. The property's APN is 6115400142.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2008
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 12,960 SF
Lot 0.96 ac (41,903 SF)
Zoning code NC
APN 611540-0141
UPID US90-0682165
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
Current use
Occupant on record · Public records
  • Isalis (Bike/Boat/Book/etc) Store
  • Party City Party Supply Store (Bike/Boat/Book/etc) Store
  • Skunk Funk Big Box & Wholesale Store
  • Carl's Trading Co Hat Shop
  • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$4.08M
CAP Approach CAP
$2.63M
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.87M
Owner & transaction history
Philopateer Mercurius LLC · 4 yrs held
Philopateer Mercurius LLC
since 2021
Last sale
$3.7M
7 recorded transactions
2025
Price N/A
2025
Price N/A
2022
Price N/A
2021
Price N/A
2021
$3.7M
2011
$2.2M
2008
Price N/A
Zoning & alternative use
NC · Normandy Park, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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