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    20804 International Blvd Seatac, WA 98198-5949
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    Property profile & analytics

    20804 International Blvd, Seatac, WA 98198-5949

    View on Map
    • Retail space
    • 8,820 SF
    • 0.40 lot acres
    Off-Market
    Last Sale Dec 22, 2022
    $9,450,000
    Property ID
    US90-0434980
    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.
    Value Estimations
    $8,430,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 20804 International Blvd

    Year built
    1953
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.40 lot acres
    Zone code
    CB-C
    Property type
    Retail space
    APN
    092204-9316
    APU
    922049316

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 22, 2022 $9,450,000 The Horn At Seatac LLC Cat Investments II LLC Bargain And Sale Deed $4.5M · Washington State Housing Fin Commis
    Apr 20, 2021 — Department Of Transportation Cat Investments II LLC Warranty Deed —
    Jun 11, 2020 — Cat Investments II LLC — Deed · related $2.6M · Global FCU
    Jun 28, 2019 $4,250,000 Cat Investments II LLC Hassen Properties INC Warranty Deed $2.5M · Global Cu
    Mar 4, 2004 — Seatac City (wa) Hassen Properties INC Grant Deed · related —
    — — Cat Investments II LLC — Loan Modification · related $2.6M · Global FCU

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $7,320,000
      ML approach
      $7,510,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Seatac
    County
    King
    State
    Washington
    Longitude
    -122.297
    Latitude
    47.4152
    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
    $18,538
    $786,300
    $903,900
    $1,690,200
    -
    $786,300
    $903,900
    $1,690,200

    Comparable in this City

    • Value Estimation
      $735,000
      5,390 SF

      20040 International Blvd

      RETAIL STORES (PERSONAL SERVICES)
      20040 International Blvd, Seatac, WA 98198-5768
      View Details
    • Value Estimation
      $800,000
      3,040 SF

      22307 Marine Vw S Dr

      RETAIL STORES (PERSONAL SERVICES)
      22307 Marine Vw S Dr, Des Moines, WA 98198-6872
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    • Value Estimation
      $655,000
      3,700 SF

      22207 7th S Ave

      RETAIL STORES (PERSONAL SERVICES)
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      View Details
    • Value Estimation
      $1,005,000
      4,900 SF

      25745 Pacific S Hwy

      RETAIL STORES (PERSONAL SERVICES)
      25745 Pacific S Hwy, Des Moines, WA 98198-9099
      View Details
    • Value Estimation
      $1,510,000
      7,380 SF

      21050 International Blvd

      RETAIL STORES (PERSONAL SERVICES)
      21050 International Blvd, Seatac, WA 98198-5951
      View Details
    • Value Estimation
      $1,220,000
      4,158 SF

      22862 Pacific S Hwy

      RETAIL STORES (PERSONAL SERVICES)
      22862 Pacific S Hwy, Des Moines, WA 98198-7262
      View Details

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      4,533 SF

      International Boulevard Flex/Retail Space

      Flexible retail/flex/assembly/shop/showroom space on International Boulevard.
      20812-20816 International Blvd, Seatac, WA 98198
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    • $1,450,000

      Des Moines Commercial Buildings For Sale

      Two commercial buildings for sale in Des Moines, Washington.
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    • Contact for pricing
      3,680 SF

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      Two buildings on 25,080 SF lot near Des Moines Marina.
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    Similar Nearby for Lease

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      1,470 SF

      Des Moines Retail Space Available

      Retail space available for lease in Des Moines, Washington.
      23100 Pacific Hwy S, Des Moines, WA 98198
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    • Contact for pricing
      1,513 SF

      Prime Retail Frontage on Marine

      Retail space for rent in Des Moines, Washington.
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      View Details
    • Contact for pricing
      1,065 SF

      New Mixed-Use Development Retail Space

      Commercial spaces available in a new mixed-use development.
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      Des Moines Retail Space Available

      New commercial retail spaces in the heart of Des Moines.
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    • Contact for pricing
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      Des Moines Office/Retail/Yard Space

      Office, retail, and yard space available in Des Moines.
      20710 1St Ave S, Des Moines, WA 98198
      View Details
    • $3,031 /Mo
      1,653 SF

      Mixed-Use Development with Commercial Spaces

      New development with retail, office, and flex space available.
      21800 Pacific Hwy S, Des Moines, WA 98198
      View Details
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    Seatac, WA 98198-5949
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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