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Property profile & analytics
OFF-MARKET
Estimated value
$3,115,000
Specialty properties
1201 336th St Federal Way, WA 98003-6007
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US90-2038881
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
2015
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
273,024 SF
Lot
22.78 ac (992,183 SF)
Zoning code
RM2400
APN
202104-9070
UPID
US90-2038881
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
$3.12M
Owner & transaction history
Kitts Corner Dev LLC · 11 yrs held
Kitts Corner Dev LLC
since 2014
7 recorded transactions
Zoning & alternative use
RM2400 · Federal Way, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Purpose of this district is to promote Multi Family 1 Unit Per 2400 Square Feet
Zone name
Multi Family 1 Unit Per 2400 Square Feet
General category
RESIDENTIAL
Zone area
507.42 ac
Source
Realmo
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 Federal Way submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Federal Way 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
$11 / 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
$19,592
Tax year 2022
Assessed value
$27,000,400
Assessed 2022
Previous assessed
$27,000,400
+0.0% YoY
Effective rate
0.07%
On assessed value
Assessed land
$5,953,000
Assessed improvement
$21,047,400
Land market value
$5,953,000
Improvement market value
$21,047,400
Total market value
$27,000,400
Applied tax rate
1,205.0000
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
2015
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Buildings
2
Stories
3
Units
216
Total area
273,024 SF
Lot
22.78 ac (992,183 SF)
Zoning code
RM2400
APN
202104-9070
UPID
US90-2038881
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
RM2400 · Federal Way, WAZoning RM2400 · permitted uses
RM2400 · Federal Way, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Purpose of this district is to promote Multi Family 1 Unit Per 2400 Square Feet
Zone name
Multi Family 1 Unit Per 2400 Square Feet
General category
RESIDENTIAL
Zone area
507.42 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2015
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
3
Buildings
2
Units
216
Lot
22.78 ac
Current owner
From public records · entity-resolved
Kitts Corner Dev LLC
Entity
Mailing address
10900 NE 8TH ST STE #1200, BELLEVUE, WA 98004-4460
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 14, 2022
—
Kitts Corner LLC
—
Deed
related
$47,052,700 · Greystone Funding Company LLC
Oct 13, 2022
—
Kitts Corner LLC
—
Deed
related
—
Dec 23, 2019
—
Kitts Corner LLC
—
Deed
related
—
Sep 15, 2014
—
Kitts Corner Dev LLC
Campus Gateway Associates LP
Grant Deed
—
Sep 15, 2014
$3,600,000
Kitts Corner LLC
Kitts Corner Development LLC
Warranty Deed
related
$27,500,000 · East West Bank
Jul 27, 2011
—
City Of Federal Way
Campus Gateway Associates
Warranty Deed
—
Sep 26, 2002
—
Federal Way City (wa)
Campus Gateway Associates
Grant Deed
related
—
Jan 20, 1999
$49,000
City Of Federal Wy
Campus Gateway Associates
Grant Deed
—
—
—
Campus Gateway Associates
—
Deed Of Trust
related
$60,000 · Federal Way (city)
—
—
Kitts Corner LLC
—
Loan Modification
related
—
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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