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Property profile & analytics
OFF-MARKET
Estimated value
$18,760,000
Hotels
1400 320th St, Federal Way, WA 98003-5374
Entity Owned
4-yr Hold
Free & Clear
Property ID
US90-0930054
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1999
Construction
WOOD
Total area
43,620 SF
Lot
1.85 ac (80,599 SF)
Zoning code
CC-F
APN
082104-9121
UPID
US90-0930054
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
$14.60M
Blend (final)
Blend
$18.76M
Owner & transaction history
King County · 4 yrs held
King County
since 2021
Last sale
$23.0M
6 recorded transactions
Zoning & alternative use
CC-F · Federal Way, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$27.7M
+89.7%
Commercial (general)
$22.9M
+57.0%
Restaurant
$21.8M
+49.0%
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
Method
Estimation
Statistic approach
$24,745,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$14,600,000
Current use
INDUSTRIAL (GENERAL)
$27,700,000
Change: +90% · Conversion: Difficult
COMMERCIAL (GENERAL)
$22,920,000
Change: +57% · Conversion: Difficult
RESTAURANT
$21,750,000
Change: +49% · Conversion: Difficult
MEDICAL BUILDING
$17,230,000
Change: +18% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$15,125,000
Change: +4% · Conversion: Difficult
AUTO REPAIR, GARAGE
$15,005,000
Change: +3% · Conversion: Difficult
OFFICE BUILDING
$12,550,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$18.76M
Range $16.88M – $20.64M · ±10% · vs last sale $22.97M (Aug 24 2021)
Last sale anchor
$22.97M
Aug 24 2021
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
$430 / 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
$4,055
Tax year 2022
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1999
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
3
Total area
43,620 SF
Lot
1.85 ac (80,599 SF)
Zoning code
CC-F
APN
082104-9121
UPID
US90-0930054
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.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$14.6M
INDUSTRIAL (GENERAL)
Est. value
$27.7M
COMMERCIAL (GENERAL)
Est. value
$22.9M
RESTAURANT
Est. value
$21.8M
MEDICAL BUILDING
Est. value
$17.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$15.1M
AUTO REPAIR, GARAGE
Est. value
$15.0M
OFFICE BUILDING
Est. value
$12.6M
HOTEL/MOTEL Current
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1999
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
3
Lot
1.85 ac
Current owner
From public records · entity-resolved
King County
Entity
Free & Clear · 4 yrs held
Mailing address
500 4TH AVE RM #830, SEATTLE, WA 98104-2371
Ownership since
2021
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
Aug 24, 2021
$22,967,341
King County
Esa P Portfolio LLC
Bargain And Sale Deed
—
Jun 21, 2021
—
Esa P Portfolio Operating Lessee Ll
Esa P Portfolio LLC
Lease
—
Jan 12, 2006
—
Bre Of Esa P Portfolio LLC
Bre Of Esa Properties LLC
Quit Claim Deed
—
Jun 1, 2004
—
Bre/esa Properties LLC
—
Deed Of Trust
related
$2,050,000,000 · Mers Trustee
Dec 10, 1998
$660,000
Esa Washington INC
Merit Co
Grant Deed
—
May 13, 1992
—
Merit Company
Chinn,warren&hon
Grant Deed
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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