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Property profile & analytics
FOR LEASE
Auto shops
27802 Pacific Hwy S Federal Way, WA 98032
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-0878203
For Lease
1 / 10
$2,675,000
27802 Pacific Hwy S, Federal Way, WA 98032
View Listing →
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1969
Construction
WOOD
Total area
7,840 SF
Lot
2.04 ac (89,008 SF)
Zoning code
BC
APN
720480-0167
UPID
US90-0878203
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
$2.78M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.56M
Blend (final)
Blend
$2.68M
Owner & transaction history
Eti 5 LLC · 5 yrs held
Eti 5 LLC
since 2020
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
BC · Federal Way, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
principally for the transportation of commodities, vehicles, merchandise, produce, freight, or animals; as well as any bulldozers, backhoes, cranes, or similar construction equipment. “ Commercial zones ” means the BN, BC, CC-C and CC-F zoning districts. “ Common space ” means an area within a development, which is used primarily by the occupants of that dev…
Zone name
Community Business
General category
COMMERCIAL
Zone area
330.78 ac
Top alternative use upside
Commercial (general)
$4.1M
+52.7%
Restaurant
$3.9M
+45.0%
Medical building
$3.1M
+14.8%
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
$2,875,000
ML approach
$2,775,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,695,000
Current use
COMMERCIAL (GENERAL)
$4,120,000
Change: +53% · Conversion: Moderate
RESTAURANT
$3,910,000
Change: +45% · Conversion: Difficult
MEDICAL BUILDING
$3,095,000
Change: +15% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,720,000
Change: +1% · Conversion: Difficult
OFFICE BUILDING
$2,255,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$2.68M
Range $2.41M – $2.94M · ±10% · vs last sale $2.53M (Dec 11 2020)
Last sale anchor
$2.53M
Dec 11 2020
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
$341 / 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
$26,478
Tax year 2022
Assessed value
$2,345,500
Assessed 2022
Previous assessed
$2,345,500
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$1,513,100
Assessed improvement
$832,400
Land market value
$1,513,100
Improvement market value
$832,400
Total market value
$2,345,500
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
For Lease
Year built
1969
Construction
WOOD
Heating
SPACE
Stories
1
Total area
7,840 SF
Lot
2.04 ac (89,008 SF)
Zoning code
BC
APN
720480-0167
UPID
US90-0878203
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
BC · Federal Way, WAZoning BC · permitted uses
BC · Federal Way, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
principally for the transportation of commodities, vehicles, merchandise, produce, freight, or animals; as well as any bulldozers, backhoes, cranes, or similar construction equipment. “ Commercial zones ” means the BN, BC, CC-C and CC-F zoning districts. “ Common space ” means an area within a development, which is used primarily by the occupants of that development, such as an entryway, lobby, courtyard, outside dining area, etc. “ Comm
Zone name
Community Business
General category
COMMERCIAL
Zone area
330.78 ac
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$2.7M
COMMERCIAL (GENERAL)
Est. value
$4.1M
RESTAURANT
Est. value
$3.9M
MEDICAL BUILDING
Est. value
$3.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.7M
OFFICE BUILDING
Est. value
$2.3M
AUTO REPAIR, GARAGE Current
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1969
Construction
WOOD
Heating
SPACE
Stories
1
Lot
2.04 ac
Current owner
From public records · entity-resolved
Eti 5 LLC
Entity
Mailing address
600 108TH AVE NE STE #340, BELLEVUE, WA 98004-5110
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 7, 2024
—
Eti 5 LLC
—
Deed
related
$4,120,000 · Telco Community Cu
Dec 11, 2020
$2,525,000
Eti 5 LLC
Shoreline Park LLC
Warranty Deed
$2,838,500 · Wells Fargo Bank NA
Apr 26, 2017
—
Shoreline Park LLC
—
Deed
related
$1,260,000 · Seattle Metropolitan Cu
Mar 16, 2017
$2,100,000
Shoreline Park LLC
Pinsons LLC
Warranty Deed
—
Jan 23, 2006
—
State Of Washington
Pinsons LLC
Warranty Deed
—
Jun 22, 2004
$1,000,000
Pinsons LLC
Toland,roy R & Audrey V
Grant Deed
$970,000 · Roy R & Audrey V Toland
Dec 22, 1988
—
Roy R Toland
Roy Toland,inc
Quit Claim Deed
related
—
—
—
Pinsons LLC
—
Deed Of Trust
related
$800,000 · Seattle Metropolitan Cu
—
—
Shoreline Park LLC
—
Deed Of Trust
related
$1,260,000 · Seattle Metropolitan Cu
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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