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Property profile & analytics
OFF-MARKET
Estimated value
$7,235,000
Outlet malls
2800 Milton Way Milton, WA 98354-9383
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US90-0316610
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
53,880 SF
Lot
4.1 ac (178,683 SF)
Zoning code
B
APN
420041184
UPID
US90-0316610
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
Current use
Occupant on record · Public records
-
Purified Water-To-Go Big Box & Wholesale Store
-
Puerto Vallarta Mexican Restaurant Restaurant
-
Milton Wok Restaurant
-
Yoko Teriyaki Restaurant
-
Domino's Pizza Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.19M
Comparable Approach
Comparable
$7.18M
Blend (final)
Blend
$7.24M
Owner & transaction history
Ce Ent Partners LLC · 10 yrs held
Ce Ent Partners LLC
since 2016
7 recorded transactions
Zoning & alternative use
B · Milton, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Business districts are intended to provide goods and services in support of the citys residential population. Due to the relative scarcity of appropriate areas for business development
Zone name
Business District
General category
COMMERCIAL
Zone area
197.30 ac
Source
Realmo
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 Milton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Milton 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
by Request
CAP Approach
CAP Return
Estimation
6%
$7,785,000
6.5%
$7,185,000
7%
$6,675,000
Blend value · Realmo final
$7.24M
Range $6.51M – $7.96M · ±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
$134 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$83,946
Tax year 2024
Assessed value
$8,409,200
Assessed 2024
Previous assessed
$8,409,200
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$2,670,500
Assessed improvement
$5,738,700
Land market value
$2,670,500
Improvement market value
$5,738,700
Total market value
$8,409,200
Applied tax rate
79.0000
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
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
53,880 SF
Lot
4.1 ac (178,683 SF)
Zoning code
B
APN
420041184
UPID
US90-0316610
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
B · Milton, WAZoning B · permitted uses
B · Milton, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Business districts are intended to provide goods and services in support of the citys residential population. Due to the relative scarcity of appropriate areas for business development
Zone name
Business District
General category
COMMERCIAL
Zone area
197.30 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
4.1 ac
Current owner
From public records · entity-resolved
Ce Ent Partners LLC
Entity
Mailing address
3700 S EL CAMINO REAL, SAN MATEO, CA 94403-4423
Ownership since
2016
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
Jul 18, 2016
$8,795,000
Ce Ent Partners LLC
Haggen Property North LLC
Grant Deed
$4,800,000 · Miscellaneous Ins Co
Jun 5, 2015
$2,947,952
Haggen Property North LLC
Abs Wa-o LLC
Grant Deed
—
Jun 27, 2014
—
Abs Wa-o LLC
—
Loan Modification, Consolidation And Extension
related
$1,440,111,240 · Citibank
Apr 3, 2013
—
Abs Wa-o LLC
New Albertsons INC
Warranty Deed
—
Dec 4, 2012
—
New Albertsons INC
—
Deed Of Trust
related
$1,850,000,000 · Credit Suisse Ag
Apr 9, 2009
$9,960
City Of Milton
New Albertsons INC
Grant Deed
—
Aug 24, 2001
—
Washington State
Albertsons INC
Quit Claim Deed
related
—
—
—
Haggen Property North LLC
—
Deed Of Trust
related
$25,000,000 · Other Institutional Lenders
—
—
Abs Wa-o LLC
—
Deed Of Trust
related
$850,000,000 · Bank Of America
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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