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    Property profile & analytics

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

    • Commercial real estate
    • 12,960 SF
    • 0.96 lot acres
    OFF-MARKET
    Value Estimation
    $3,890,000
    Last Sale
    Oct 01, 2021
    $3,700,000
    Location Intelligence
    Property ID
    US90-0682165
    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

    • Normandy Village / Business Center
    • DAL Law Firm / Real Estate Attorney / Law Firm
    • Kurt Bennett - The Redemption Lawyer / Criminal Justice Attorney
    • Friendly Normandy Market / Market
    • Krispy Krunchy Chicken / Chicken Restaurant

    Property Details for 19803 1st S Ave

    Year built
    2008
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.96 lot acres
    Property size
    12,960 SF
    Zone code
    NC
    Property type
    Commercial real estate
    APN
    611540-0141
    APU
    6115400141

    Description

    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.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,985,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,420,000
      6.5%
      $3,645,000
      7%
      $3,790,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,600,000
      Geo Method
      $3,925,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,295,000
      Retail
      $3,315,000
      Mixed-Use
      $3,300,000
      Hospitality
      $3,215,000
      Educational
      $3,495,000
      Residential Income
      $3,210,000
      Energy
      $3,190,000
      Income-Based Land
      $3,340,000
      Food Service
      $3,795,000

    Location Insight

    • Map
    • Local Demand
    City
    Normandy Park
    County
    King
    State
    Washington
    Longitude
    -122.336
    Latitude
    47.4249
    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
    $43,340
    $670,400
    $2,778,300
    $3,448,700
    -
    $670,400
    $2,778,300
    $3,448,700

    Comparable in this City

    • Value Estimation by Request
      50,160 SF

      Seattle, WA 98148

      SHOW ROOM, WAREHOUSE • 50,160 SF
      Seattle, WA 98148
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    • Value Estimation by Request
      8,400 SF

      15730 1st S Ave

      COMMERCIAL (GENERAL) • 8,400 SF
      15730 1st S Ave, Burien, WA 98148-1211
      View Details
    • Value Estimation by Request
      10,172 SF

      19987 1st S Ave

      COMMERCIAL (GENERAL) • 10,172 SF
      19987 1st S Ave, Normandy Park, WA 98148-2400
      View Details
    • Value Estimation by Request
      3,988 SF

      15623 1st S Ave

      COMMERCIAL (GENERAL) • 3,988 SF
      15623 1st S Ave, Burien, WA 98148-1292
      View Details
    • Value Estimation
      $335,000
      2,350 SF

      18018 1st S Ave

      COMMERCIAL (GENERAL) • 2,350 SF
      18018 1st S Ave, Burien, WA 98148-1820
      View Details
    • Value Estimation by Request
      15,308 SF

      17640 1st S Ave

      COMMERCIAL (GENERAL) • 15,308 SF
      17640 1st S Ave, Seattle, WA 98148
      View Details

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    Normandy Park, WA 98148-2472
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    Realmo Value Estimation

    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.

    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.

    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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