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Property profile & analytics
OFF-MARKET
Estimated value
$415,000
Drive through restaurants
2012 320th St Federal Way, WA 98003-5454
Individually Owned
11-yr Hold
~
Est. High Equity
Property ID
US90-0197848
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1979
Construction
WOOD
Total area
1,871 SF
Lot
5.97 ac (260,258 SF)
Zoning code
CC-C
APN
092104-9297
UPID
US90-0197848
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
$395k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$415k
Owner & transaction history
Larry S Cratsenberg · 11 yrs held
Larry S Cratsenberg
since 2015
7 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
Method
Estimation
Statistic approach
by Request
ML approach
$395,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$415k
Range $374k – $457k · ±10%
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
$222 / 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
$241,606
Tax year 2022
Assessed value
$23,856,200
Assessed 2022
Previous assessed
$23,856,200
+0.0% YoY
Effective rate
1.01%
On assessed value
Assessed land
$7,807,700
Assessed improvement
$16,048,500
Land market value
$7,807,700
Improvement market value
$16,048,500
Total market value
$23,856,200
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1979
Construction
WOOD
Heating
HEAT PUMP
Buildings
4
Stories
1
Total area
1,871 SF
Lot
5.97 ac (260,258 SF)
Zoning code
CC-C
APN
092104-9297
UPID
US90-0197848
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CC-C · Federal Way, WAZoning 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
Building & site characteristics
From public records
Year built
1979
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Buildings
4
Lot
5.97 ac
Current owner
From public records · entity-resolved
Larry S Cratsenberg
Individual
Mailing address
1402 E PIKE ST, SEATTLE, WA 98122-4148
Ownership since
2015
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
Jan 20, 2022
—
Nwcc Center Plaza LLC
—
Deed
related
$37,500,000 · Starwood Mortgage Capital LLC
Jul 17, 2015
—
Larry S Cratsenberg
Cratsenberg Properties LLC
Quit Claim Deed
related
—
Jul 17, 2015
$14,270,000
Nwcc Center Plaza LLC
Larry S Cratsenberg
Bargain And Sale Deed
$10,725,000 · Starwood Mortgage Capital LLC
Apr 10, 2006
—
City Of Federal Way
Cratsenberg Properties LLC
Warranty Deed
—
Dec 15, 2005
—
Cratsenberg Properties LLC
Cratsenberg,andrew C SR & Luetta M
Quit Claim Deed
related
—
Sep 26, 2001
—
C F Family LLC
Cratsneberg,andrew C & Luetta M
Grant Deed
related
—
—
—
Andrew C 7 Luetta M Cratsbenberg
—
Deed Of Trust
related
$670,000 · Individual
—
—
Andres C Cratsenberg
—
Deed Of Trust
related
$670,000 · Individual
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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