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Property profile & analytics
OFF-MARKET
Estimated value
$19,705,000
Outlet malls
1800 320th St Federal Way, WA 98003-5413
Individually Owned
22-yr Hold
~
Est. High Equity
Property ID
US90-0959515
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
125,007 SF
Lot
15.8 ac (688,456 SF)
Zoning code
CC-C
APN
092104-9208
UPID
US90-0959515
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
$19.71M
Owner & transaction history
Seatac Village Shopping Ctr Ll · 22 yrs held
Seatac Village Shopping Ctr Ll
since 2004
6 recorded transactions
Zoning & alternative use
CC-C · 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
$158 / 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
$308,527
Tax year 2022
Assessed value
$28,427,600
Assessed 2022
Previous assessed
$28,427,600
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$15,834,400
Assessed improvement
$12,593,200
Land market value
$15,834,400
Improvement market value
$12,593,200
Total market value
$28,427,600
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Buildings
6
Stories
1
Total area
125,007 SF
Lot
15.8 ac (688,456 SF)
Zoning code
CC-C
APN
092104-9208
UPID
US90-0959515
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CC-C · Federal Way, WA
Zoning CC-C · permitted uses
CC-C · 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
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Stories
1
Buildings
6
Lot
15.8 ac
Current owner
From public records · entity-resolved
Seatac Village Shopping Ctr Ll
Individual
Mailing address
PO BOX 2708, PORTLAND, OR 97208-2708
Ownership since
2004
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
Oct 30, 2024
—
Seatac Village Shopping Center LLC
—
Deed
related
$23,500,000 · Nationwide Life And Annuity Insurance Co
Jun 10, 2004
$25,450
Seatac Village Shopping Ctr Ll
Seatac Village LLC
Grant Deed
related
—
May 7, 2001
—
Seatac Village LLC
R Poplawski LLC
Quit Claim Deed
related
—
Aug 24, 1999
$22,300,000
Seatac Village LLC
Mbk Northwest
Grant Deed
$16,250,000 · L J Melody & Company
Dec 31, 1996
$10,840,000
Mbk Northwest
Meridian Industrial Trust INC
Grant Deed
$12,580,000 · Us National Bank Oregon
—
—
Seatac Village Shopping Center
—
Deed Of Trust
related
$18,000,000 · Lincoln National Life Ins
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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