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Property profile & analytics
OFF-MARKET
Estimated value
$740,000
Office buildings
820 148th St Burien, WA 98166-1835
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US90-0194700
Property summary
AI-generated overview
This exceptional 3,420-square-foot single-tenant office building in Burien, Washington, presents a unique investment opportunity. Situated on a 15,884-square-foot lot in King County (zip code 98166), this stand-alone structure offers significant flexibility for various office or retail uses. Demolition work is largely complete, allowing for adaptable configurations to suit diverse business needs. The property boasts prominent signage opportunities, ensuring high visibility and brand recognition. Ample on-site parking caters to employees and clients alike. Its strategic location offers unparalleled convenience, with close proximity to SeaTac Airport, major freeways, downtown Seattle, and the Burien Transit Center. A wealth of retail and shopping options, including a nearby Walgreens, further enhances its appeal. Traffic counts in 2012 registered 13,000 vehicles per day, highlighting the property's high visibility and accessibility. This is a rare chance to acquire a well-positioned commercial property in a thriving area.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,420 SF
Lot
0.36 ac (15,884 SF)
Zoning code
CC-1
APN
122800-0165
UPID
US90-0194700
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$985k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$740k
Owner & transaction history
Wiggins Building LLC · 9 yrs held
Wiggins Building LLC
since 2017
6 recorded transactions
Zoning & alternative use
CC-1 · Burien, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Burien submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Burien submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,065,000
6.5%
$985,000
7%
$915,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,210,000
Current use
MEDICAL BUILDING
$1,175,000
Change: -3% · Conversion: Easy
WAREHOUSE, STORAGE
$1,010,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$740k
Range $666k – $814k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$216 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$9,288
Tax year 2022
Assessed value
$764,800
Assessed 2022
Previous assessed
$764,800
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$325,600
Assessed improvement
$439,200
Land market value
$325,600
Improvement market value
$439,200
Total market value
$764,800
Applied tax rate
937.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
GAS
Cooling
AC.PACKAGE
Stories
1
Total area
3,420 SF
Lot
0.36 ac (15,884 SF)
Zoning code
CC-1
APN
122800-0165
UPID
US90-0194700
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CC-1 · Burien, WA
Zoning CC-1 · permitted uses
CC-1 · Burien, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Burien. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$1.0M
OFFICE BUILDING Current
MEDICAL BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
GAS
Cooling
Yes
Stories
1
Lot
0.36 ac
Current owner
From public records · entity-resolved
Wiggins Building LLC
Entity
Mailing address
820 SW 148TH ST, BURIEN, WA 98166-1835
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 16, 2021
—
Wiggins Building LLC
—
Deed
related
$860,000 · Boeing Employees Cu
Oct 3, 2019
—
Wiggins Building LLC
—
Deed
related
$645,000 · Navy FCU
May 1, 2017
$630,000
Wiggins Building LLC
Lamplough,karen
Warranty Deed
$950,000 · Keybank USA
Mar 27, 2015
—
Karen Lamplough
Cameron Verna
Grant Deed
—
Jun 24, 2002
$585,000
Verna H Cameron
Watkins Commercial Building
Grant Deed
$481,000 · Washington Mutual Fsb
—
—
Wiggins Building LLC
—
Deed Of Trust
related
$645,000 · Navy FCU
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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