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Property profile & analytics
OFF-MARKET
Estimated value
$8,090,000
Grocery and convenience stores
1207 320th St, Federal Way, WA 98003-5379
Entity Owned
~
Est. High Equity
Property ID
US90-0407142
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
55,437 SF
Lot
7.32 ac (318,885 SF)
Zoning code
CC-F
APN
150050-0020
UPID
US90-0407142
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
$8.09M
Owner & transaction history
Mrof Sunset Square Spe LLC
Mrof Sunset Square Spe LLC
since 2025
7 recorded transactions
Zoning & alternative use
CC-F · Federal Way, 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 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
$146 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$178,400
Tax year 2024
Assessed value
$10,548,600
Assessed 2023
Previous assessed
$10,548,600
+0.0% YoY
Effective rate
1.69%
On assessed value
Assessed land
$8,928,700
Assessed improvement
$1,619,900
Land market value
$8,928,700
Improvement market value
$1,619,900
Total market value
$10,548,600
Applied tax rate
1,202.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
GAS
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Total area
55,437 SF
Lot
7.32 ac (318,885 SF)
Zoning code
CC-F
APN
150050-0020
UPID
US90-0407142
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CC-F · Federal Way, WA
Zoning CC-F · permitted uses
CC-F · Federal Way, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Federal Way. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
GAS
Cooling
Yes
Stories
1
Buildings
3
Lot
7.32 ac
Current owner
From public records · entity-resolved
Mrof Sunset Square Spe LLC
Entity
Mailing address
770 COCHITUATE RD, FRAMINGHAM, MA 01701-4666
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2025
—
Mrof Sunset Square Spe LLC
Mrof I Spe V Sunset Square LLC
Bargain & Sale Deed
$21,500,000 · Principal Real Estate Investors LLC
Mar 19, 2024
—
Sierra Trading Post INC
Mrof I Spe V Sunset Square LLC
Lease
—
Sep 30, 2022
—
Mrof I Spe V Sunset Square LLC
—
Deed
related
$15,681,000 · East West Bank
Aug 5, 2022
$23,550,000
Mrof I Spe V Sunset Square LLC
Mgp Ix Sunset Square LLC
Bargain And Sale Deed
$13,500,000 · Mandalay Retail Opportunity Fund I
Jan 9, 2018
—
Safeway INC
—
Loan Modification
related
—
Dec 22, 2010
$13,000,000
Mgp Ix Sunset Square LLC
1560 Investors LLC
Warranty Deed
—
Dec 22, 2010
—
Mgp Ix Sunset Square LLC
1560 Investors LLC
Quit Claim Deed
related
—
—
—
1560 Investors LLC
—
Deed Of Trust
related
$7,000,000 · Thrivent Financial For Luthera
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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