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    Property profile & analytics

    301 Strander Blvd Tukwila, WA 98188-2971

    • Outlet malls
    • 113,273 SF
    • 8.09 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US90-1495566
    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

    • Outlet malls

    Property Details for 301 Strander Blvd

    Year built
    1990
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    8.09 lot acres
    Property size
    113,273 SF
    Zone code
    TUC-P
    Property type
    Outlet malls
    APN
    262304-9005
    APU
    2623049005

    Description

    Southcenter Plaza, located at 301 Strander Blvd, Tukwila, WA 98188, offers exceptional retail and restaurant opportunities within a thriving commercial hub. This 172,968 square foot, multi-tenant property features three single-story buildings situated on a 352,400 square foot lot. Built in 1990 and renovated in 1998, the property boasts 18 suites and 785 parking spaces, ensuring ample convenience for customers and employees. The property is zoned TUC and has an APN of 2623049005. Currently, there are two available spaces ranging from 1,500 to 4,200 square feet. The property benefits from a highly visible location in the Southcenter submarket cluster, directly across from Southcenter Mall, a major regional shopping destination with strong national tenants. This prime location provides easy access to I-5 and I-405, maximizing exposure to a large consumer base. Strong co-tenants include Sola Salon Studios, Corner Bakery Café, Xfinity, Starbucks, Chase Bank, and Jersey Mike's. The area boasts robust demographics and a substantial employment base of over 141,000 employees within a 5-mile radius, including those employed at Southcenter Mall, Boeing, Seattle-Tacoma International Airport, Alaska Airlines Headquarters, and the Tukwila/Kent industrial corridor. Annual tourism further enhances the area's economic vitality, with approximately 25,000 tourists shuttled to retailers from nearby airport hotels. Property taxes are $10 per square foot. This location offers unparalleled access to the South Sound's largest shopping hub, making it an ideal investment opportunity.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Tukwila
    County
    King
    State
    Washington
    Longitude
    -122.258
    Latitude
    47.4551
    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
    $182,377
    $14,096,000
    $1,888,800
    $15,984,800
    -
    $14,096,000
    $1,888,800
    $15,984,800

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    301 Strander Blvd
    Tukwila, WA 98188-2971
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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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