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Property profile & analytics
FOR LEASE
Parking lots & garages
17500 Southcenter Pkwy Tukwila, WA 98188
Entity Owned
23-yr Hold
~
Est. High Equity
Property ID
US90-2100556
For Lease
Contact for pricing
17500 Southcenter Pkwy, Tukwila, WA 98188
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Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
161,852 SF
Lot
7.23 ac (314,915 SF)
Zoning code
TUC-CC
APN
262304-9079
UPID
US90-2100556
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.14M
Owner & transaction history
Kir Tukwila LP · 23 yrs held
Kir Tukwila LP
since 2003
4 recorded transactions
Zoning & alternative use
TUC-CC · Seattle, WA
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 Tukwila submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tukwila 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$38 / 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
$160,915
Tax year 2022
Assessed value
$14,092,400
Assessed 2022
Previous assessed
$14,092,400
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$14,092,400
Land market value
$14,092,400
Total market value
$14,092,400
Applied tax rate
2,426.0000
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
Parking lots & garages
Use group
PARKING LOT
Status
For Lease
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Total area
161,852 SF
Lot
7.23 ac (314,915 SF)
Zoning code
TUC-CC
APN
262304-9079
UPID
US90-2100556
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
TUC-CC · Seattle, WAZoning TUC-CC · permitted uses
TUC-CC · Seattle, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Municipal Code
Building & site characteristics
From public records
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Lot
7.23 ac
Current owner
From public records · entity-resolved
Kir Tukwila LP
Entity
Mailing address
3333 NEW HYDE PARK RD STE #100, NEW HYDE PARK, NY 11042-1205
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 4, 2003
$88,323,800
Kir Tukwila LP
Mnw Parkway Supercenter LLC
Grant Deed
—
Feb 4, 2003
—
Kir Tukwila LP
—
Deed Of Trust
related
$66,350,000 · Teachers Insurance & Annuity
Feb 7, 2002
—
Mnw Parkway Supercenter LLC
Mbk Northwest
Grant Deed
$47,000,000 · Bank Of America
Nov 25, 1997
$56,000,000
Mbk Northwest
Pacific Northwest Group
Grant Deed
$62,000,000 · Sakura Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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