Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Borgen Blvd, WA

    • Outlet malls
    • 5,280 SF
    • 16.00 lot acres
    OFF-MARKET
    Value Estimations
    $845,000
    Show details
    Cap Rate Potential
    4.6%
    Outlet malls
    Location Intelligence
    Property ID
    US90-1627717
    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

    Year built
    2001
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    16.00 lot acres
    Property size
    5,280 SF
    Zone code
    PCD-C
    Property type
    Outlet malls
    APN
    4002070041
    APU
    4002070041

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $990,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $765,000
      6.5%
      $705,000
      7%
      $655,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,615,000
      Current use
      WAREHOUSE, STORAGE
      $1,575,000
      Change: -3% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,575,000
      Change: -3% Conversion: Easy
      MEDICAL BUILDING
      $1,450,000
      Change: -10% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Borgen Blvd
    County
    Pierce
    State
    Washington
    Longitude
    -122.607
    Latitude
    47.3574
    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
    2024
    $141,835
    $8,568,300
    $8,175,800
    $16,744,100
    -
    $8,568,300
    $8,175,800
    $16,744,100

    Comparable in this City

    • Value Estimation
      $1,490,000
      95,896 SF

      166th Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 95,896 SF
      166th Ave, E, WA
      View Details
    • Value Estimation
      $1,550,000
      93,444 SF

      Vly Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 93,444 SF
      Vly Ave, E, WA
      View Details
    • Value Estimation
      $1,605,000
      63,600 SF

      S

      WHOLESALE OUTLET, DISCOUNT STORE • 63,600 SF
      S, Meridian, WA
      View Details
    • Value Estimation
      $825,000
      5,200 SF

      Hbr Hill

      WHOLESALE OUTLET, DISCOUNT STORE • 5,200 SF
      Hbr Hill, Dr, WA
      View Details
    • Value Estimation
      $1,510,000
      82,268 SF

      S

      WHOLESALE OUTLET, DISCOUNT STORE • 82,268 SF
      S, Meridian, WA
      View Details
    • Value Estimation
      $1,570,000
      67,739 SF

      Meridian E, WA

      WHOLESALE OUTLET, DISCOUNT STORE • 67,739 SF
      17404, Meridian E, WA
      View Details

    Similar Nearby for Sale

    • $1,050,000

      Prime Corner Lot on Peninsula

      One-acre corner lot suitable for various commercial developments.
      15610 92 St, Lakebay, WA
      View Details
    • $6,380,000
      12,606 SF

      New Retail Strip Center

      100% leased retail strip center in the Pacific Northwest.
      Undisclosed, Olympia, WA
      View Details
    • $2,450,000
      11,562 SF

      Income-Generating Office/Retail Building For Sale

      Two-story office/retail building with high visibility and income potential.
      717 Vandercook Way, Kelso, WA
      View Details
    • $800,000
      8,000 SF

      Commercial Property Near North Cascades

      Commercial property with tenants and fuel facility near national park.
      44568 Hwy, Concrete, WA
      View Details
    • $3,500,000
      2,920 SF

      Fully Leased Retail Property

      Retail property near shopping center with development opportunities.
      15805 1 Ave S, Burien, WA
      View Details
    • $3,000,000
      15,000 SF

      Retail Building in Bremerton, WA

      Former Walgreens retail building available for purchase or lease.
      6432 Hwy 303 NE, Bremerton, WA
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,496 SF

      Burien Retail Space For Rent

      Grocery-anchored retail space with high visibility and ample parking.
      116 Southwest 148 St, Burien, WA
      View Details
    • Contact for pricing
      5,450 SF

      Burien Retail Pad Available

      Stand-alone retail building in a busy, grocery-anchored shopping center.
      120 SW 148 St, Burien, WA
      View Details
    • $18 SF/Yr
      1,875 SF

      Puyallup Retail Space For Lease

      Retail space available in Puyallup with national and regional tenants.
      1317-1405 E Main Ave, Puyallup, WA
      View Details
    • $27 SF/Yr
      4,650 SF

      New Retail Center with Patios

      Modern retail spaces available in a high-visibility location.
      5077 Ava Way, Richland, WA
      View Details
    • Contact for pricing
      21,332 SF

      Renton Retail Space for Lease

      Retail spaces available in Renton with ample parking.
      16840-17170 116 Ave SE, Renton, WA
      View Details
    • Contact for pricing
      50,000 SF

      Outlet Collection Retail Opportunities

      Retail, restaurant, and anchor spaces available at Outlet Collection.
      1101 Outlet Collection Way SW, Auburn, WA
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Borgen Blvd, WA
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.