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Property profile & analytics
OFF-MARKET
Estimated value
$4,495,000
Commercial real estate
2140 356th St Federal Way, WA 98023-3058
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US90-3252534
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
25,000 SF
Lot
4.09 ac (178,309 SF)
Zoning code
BN
APN
252103-9002
UPID
US90-3252534
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
$4.50M
Owner & transaction history
West Principles Investment Group Ll · 13 yrs held
West Principles Investment Group Ll
since 2013
7 recorded transactions
Zoning & alternative use
BN · 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
$180 / 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
$106,008
Tax year 2022
Assessed value
$10,116,400
Assessed 2022
Previous assessed
$10,116,400
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$2,139,700
Assessed improvement
$7,976,700
Land market value
$2,139,700
Improvement market value
$7,976,700
Total market value
$10,116,400
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Buildings
4
Stories
1
Total area
25,000 SF
Lot
4.09 ac (178,309 SF)
Zoning code
BN
APN
252103-9002
UPID
US90-3252534
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
BN · Federal Way, WA
Zoning BN · permitted uses
BN · 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
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Buildings
4
Lot
4.09 ac
Current owner
From public records · entity-resolved
West Principles Investment Group Ll
Entity
Mailing address
320 E MEEKER ST #102, KENT, WA 98030-5945
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 2021
—
West Principles Investment Group Ll
—
Deed
related
$6,225,000 · First Citizens Bank & Trust Co
Jun 28, 2013
$4,400,000
West Principles Investment Group Ll
Northshore Village Shopping Center
Bargain And Sale Deed
$3,118,614 · Prime Pacifc Bank N A
Apr 2, 2012
$5,418,798
Village Shopping Ce Northshore
Ihnot James R
Trustees Deed
—
Jun 11, 2010
$6,300,000
Nsv Retail LLC
Ihnot James R
Trustees Deed
related
—
Feb 26, 2007
—
City Of Federal Way
Robert & Brendas Fedl Way LLC
Grant Deed
related
—
Mar 3, 2005
$3,180,000
Glen & Pattis Federal Way LLC
Royal Ents INC
Warranty Deed
$3,400,000 · Rainier Pacific Bank
Jun 30, 1999
$1,700,000
Royal Plaza Enterprises INC
North Shore Village Associates
Grant Deed
$1,230,000 · Us Bank
Dec 20, 1995
$35,000
Tosco Corp
Northshore Village Associates
Grant Deed
—
—
—
Robert Ll
—
Deed Of Trust
related
$450,000 · Russell & Kathy Hoff
—
—
Robert Way
—
Deed Of Trust
related
$50,000 · Marilyn Furniss
—
—
Robert Way
—
Deed Of Trust
related
$250,000 · Steven Rosen
—
—
Robert Way
—
Deed Of Trust
related
$200,000 · Kenneth B Furniss
—
—
Robert Way
—
Deed Of Trust
related
$200,000 · Steven Cassady
—
—
Robert Way
—
Deed Of Trust
related
$75,000 · Steven Rosen
—
—
Royal Enterprises INC
—
Deed Of Trust
related
$1,290,112 · Pacific International Bank
—
—
Northshore Plaza Enterprises
—
Deed Of Trust
related
$70,000 · Us Bank NA
—
—
Robert Way
—
Deed Of Trust
related
$60,000 · Sandra Smith
—
—
Robert Way
—
Deed Of Trust
related
$135,000 · Anne Marie
—
—
Robert Way
—
Deed Of Trust
related
$150,000 · Marilyn Furnise
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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