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    Property profile & analytics

    402 Strander Blvd Tukwila, WA 98188-2919

    • Retail space
    • 44,616 SF
    • 1.71 lot acres
    OFF-MARKET
    Value Estimation
    $10,095,000
    Last Sale
    Nov 22, 2021
    $10,300,000
    Location Intelligence
    Property ID
    US90-0406778
    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

    • Retail space

    Property Details for 402 Strander Blvd

    Year built
    1966
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.71 lot acres
    Property size
    44,616 SF
    Zone code
    TUC-TOD
    Property type
    Retail space
    APN
    022320-0010
    APU
    223200010

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $9,505,000

    • CAP approach

      CAP return
      Estimation
      6%
      $9,490,000
      6.5%
      $10,855,000
      7%
      $9,925,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $11,415,000
      Geo Method
      $10,425,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $8,605,000
      Retail
      $8,615,000
      Mixed-Use
      $11,010,000
      Hospitality
      $9,550,000
      Educational
      $11,375,000
      Residential Income
      $11,405,000
      Energy
      $9,155,000
      Income-Based Land
      $9,745,000
      Food Service
      $11,230,000

    Location Insight

    • Map
    • Local Demand
    City
    Tukwila
    County
    King
    State
    Washington
    Longitude
    -122.251
    Latitude
    47.4563
    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
    $82,561
    $3,015,900
    $4,294,600
    $7,310,500
    -
    $3,015,900
    $4,294,600
    $7,310,500

    Comparable in this City

    • Value Estimation by Request
      130,245 SF

      Seattle, WA 98188

      RETAIL STORES (PERSONAL SERVICES) • 130,245 SF
      Seattle, WA 98188
      View Details
    • Value Estimation by Request
      7,260 SF

      19039 International Blvd

      RETAIL STORES (PERSONAL SERVICES) • 7,260 SF
      19039 International Blvd, Seatac, WA 98188-5207
      View Details
    • Value Estimation
      $5,690,000
      25,380 SF

      290 Andover E Park

      RETAIL STORES (PERSONAL SERVICES) • 25,380 SF
      290 Andover E Park, Tukwila, WA 98188-2970
      View Details
    • Value Estimation
      $230,000
      2,848 SF

      15047 Military S Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,848 SF
      15047 Military S Rd, Seatac, WA 98188-2139
      View Details
    • Value Estimation by Request
      34,714 SF

      17855 Southcenter Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 34,714 SF
      17855 Southcenter Pkwy, Tukwila, WA 98188-3725
      View Details
    • Value Estimation by Request
      24,600 SF

      404 Strander Blvd

      RETAIL STORES (PERSONAL SERVICES) • 24,600 SF
      404 Strander Blvd, Tukwila, WA 98188-2919
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2 SF

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      Retail space available within a 24-hour airport parking facility.
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      Southcenter Parkway Retail Opportunity

      Retail property with high visibility on Southcenter Parkway.
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      Southcenter Parkway Retail Opportunity

      Retail property with high visibility on Southcenter Parkway.
      16415 Southcenter Pkwy, Tukwila, WA 98188
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    • Contact for pricing
      3.00 Acres

      Tukwila Industrial Land - 3 Acres

      Prime Tukwila industrial land, lease or sale.
      18200 Andover Park, Tukwila, WA 98188
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    • $99,900
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      New Singlewide in 55+ Community

      New 2-bedroom singlewide in SeaTac's Bow Lake 55+ community.
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    Similar Nearby for Lease

    • Contact for pricing
      6,055 SF

      Retail Space Near Southcenter Mall

      Retail space available across from Southcenter Mall in Tukwila, WA.
      505 Andover Park W, Tukwila, WA 98188
      View Details
    • Contact for pricing
      34,714 SF

      Retail Space Near Southcenter Mall

      Available retail space close to Westfield Southcenter Mall and I-5.
      17855 Southcenter Pkwy, Tukwila, WA 98188
      View Details
    • $25 SF/Yr
      25,560 SF

      Tukwila Showroom Sublease Opportunity

      High-end showroom sublease near I-5, I-405, and Highway 167.
      5951 South 180Th St, Seattle, WA 98188
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    • $25 SF/Yr
      14,392 SF

      Retail Space in Southcenter Parkway

      Flexible retail space in a high-traffic location.
      16875 Southcenter Pkwy, Tukwila, WA 98188
      View Details
    • $30 SF/Yr
      8,000 SF

      Prime Retail Space Southcenter Parkway

      High-visibility retail space in a vibrant shopping hub.
      16901 Southcenter Pkwy, Tukwila, WA 98188
      View Details
    • $32 SF/Yr
      2,635 SF

      Retail Space in Tukwila, WA

      2,635 SF retail space available for lease.
      7100 Fun Center Way, Tukwila, WA 98188
      View Details
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    402 Strander Blvd
    Tukwila, WA 98188-2919
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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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