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Property profile & analytics
OFF-MARKET
Auto shops
28718 Military S Rd, Federal Way, WA 98003-3364
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-1390260
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1969
Construction
WOOD
Total area
1,562 SF
Lot
0.82 ac (35,930 SF)
Zoning code
BN
APN
552900-0230
UPID
US90-1390260
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
by Request
Owner & transaction history
City Of Federal Way · 1 yrs held
City Of Federal Way
since 2025
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
—
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
$15,821
Tax year 2022
Assessed value
$680,700
Assessed 2022
Previous assessed
$680,700
+0.0% YoY
Effective rate
2.32%
On assessed value
Assessed land
$646,700
Assessed improvement
$34,000
Land market value
$646,700
Improvement market value
$34,000
Total market value
$680,700
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
Off-Market
Year built
1969
Construction
WOOD
Heating
GAS
Cooling
AC.PACKAGE
Stories
1
Total area
1,562 SF
Lot
0.82 ac (35,930 SF)
Zoning code
BN
APN
552900-0230
UPID
US90-1390260
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
1969
Construction
WOOD
Heating
GAS
Cooling
Yes
Stories
1
Lot
0.82 ac
Current owner
From public records · entity-resolved
City Of Federal Way
Entity
Mailing address
26220 116TH AVE SE STE #201, KENT, WA 98030-8663
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Apr 15, 2025
—
City Of Federal Way
Ambika Investment LLC
Warranty Deed
—
Feb 27, 2023
—
Amnka Investments LLC
—
Deed
related
$500,000 · Portage Bank
May 17, 2011
—
Ambika Investment LLC
Ambika INC
Quit Claim Deed
—
Nov 2, 2006
$935,000
Ambika INC
Suncor Holdings Cop II LLC
Warranty Deed
—
Dec 29, 2005
$560,414
Suncor Holdings Cop II LLC
Conocophillips Co
Warranty Deed
$104,865 · Istar Financial INC
May 10, 1989
$358,262
Bp Oil Company
Mobil Oil Corpor
Grant Deed
—
—
—
Ambika Investment LLC
—
Deed Of Trust
related
$833,000 · Pbrelf I LLC
—
—
Ambika Investment LLC
—
Deed Of Trust
related
$790,000 · Pbrelf I LLC
—
—
Ambika INC
—
Deed Of Trust
related
$200,000 · Mdi Psp Trust
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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