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20406 International Blvd Seatac, WA 98198-5801

OFF-MARKET Hotels Google Maps
54,117 SF 0.93 ac lot Built 1999
Entity Owned 5-yr Hold ~ Est. High Equity
Estimated value (blended)
$6.62M
Range $5.96M – $7.28M (±10%)
Property ID US90-0049166

Property summary

AI-generated overview

This exceptional 1.87-acre commercial and residential land parcel presents a unique development opportunity in the thriving SeaTac, Washington market. Located at 20406 International Boulevard, King County, WA 98198 (APN 344500-0130), this property is zoned CB-C (Community Business in Urban Center), allowing for a diverse range of development possibilities. The expansive lot size offers significant potential for a substantial project, with preliminary estimates suggesting capacity for approximately 155 units. Its strategic location offers unparalleled convenience, situated just 0.4 miles from the Angle Lake Light Rail Station, providing easy access to public transportation and connecting residents to the wider Seattle metropolitan area. Furthermore, its proximity to SeaTac International Airport (within 3 miles) adds to its appeal, attracting both residents and businesses seeking convenient access to global travel. This prime location, combined with the flexible zoning and substantial lot size, makes this property an exceptional investment opportunity for developers seeking to capitalize on the growing demand for housing and commercial space in the SeaTac area. Serious inquiries are encouraged to explore the full potential of this remarkable development site.

Property profile

Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 1999
Construction WOOD
Total area 54,117 SF
Lot 0.93 ac (40,376 SF)
Zoning code CB-C
APN 344500-0132
UPID US90-0049166

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$6.62M

Owner & transaction history

since 2021
7 recorded transactions
2022
Price N/A
2021
$3.2M
2018
$17.4M
2015
$12.4M
2007
$9.2M
2006
$6.3M
2004
$1,080

Zoning & alternative use

CB-C · Seatac, WA
Zoning description

The purpose of this zone is to provide the highest intensity commercial development within the urban center in the form of retail/personal services for a local service area which exceeds the needs of adjacent neighborhoo…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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