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Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Grocery and convenience stores
29625 Pacific S Hwy, Federal Way, WA 98003-4232
Individually Owned
20-yr Hold
Free & Clear
Property ID
US90-1391347
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1995
Construction
WOOD
Total area
3,485 SF
Lot
0.87 ac (37,817 SF)
Zoning code
BC
APN
042104-9031
UPID
US90-1391347
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
$462k
Blend (final)
Blend
$660k
Owner & transaction history
Puget Sound Energy · 20 yrs held
Puget Sound Energy
since 2006
7 recorded transactions
Zoning & alternative use
BC · Federal Way, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$425,000
+244.2%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$425,000
Change: +244% · Conversion: Difficult
Blend value · Realmo final
$660k
Range $594k – $726k · ±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
$189 / 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
$16,825
Tax year 2022
Assessed value
$1,590,000
Assessed 2022
Previous assessed
$1,590,000
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$756,300
Assessed improvement
$833,700
Land market value
$756,300
Improvement market value
$833,700
Total market value
$1,590,000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1995
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Total area
3,485 SF
Lot
0.87 ac (37,817 SF)
Zoning code
BC
APN
042104-9031
UPID
US90-1391347
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
BC · Federal Way, WA
Zoning 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
Federal Way. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$425,000
AUTO REPAIR, GARAGE
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
1995
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Lot
0.87 ac
Current owner
From public records · entity-resolved
Puget Sound Energy
Individual
Free & Clear · 20 yrs held
Mailing address
29625 PACIFIC HWY S, FEDERAL WAY, WA 98003-4232
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 26, 2022
—
Rai And Tiwana LLC
—
Deed
related
$200,000 · Columbia State Bank
Nov 5, 2021
—
Tiwana LLC
—
Deed
related
$1,800,000 · Columbia State Bank
Apr 13, 2006
$9,000
Puget Sound Energy
Rai & Tiwana LLC
Grant Deed
—
Nov 2, 2005
$1,300,000
Rai & Tiwana LLC
Yung Ho Han
Warranty Deed
$1,444,000 · Business Loan Center LLC
May 11, 1994
—
S R L Corp
Hazzard,roger P
Quit Claim Deed
related
—
Feb 4, 1992
$585,000
509-deli Assoc
Jump,delbert Joe
Grant Deed
—
Jan 22, 1992
$585,000
509 Deli Assoc
Jump
Grant Deed
—
—
—
S R L Corp
—
Deed Of Trust
related
$1,050,000 · Sterling Savings Association
—
—
Rai & Tiwana LLC
—
Deed Of Trust
related
$315,000 · Sun Pacific Energy INC
—
—
Srl Corp
—
Deed Of Trust
related
$447,404 · Northwind Petrolium LLC
—
—
Yung H Han
—
Deed Of Trust
related
$120,000 · Srl Corp
—
—
Yung H Han
—
Deed Of Trust
related
$1,280,000 · Wilshire State Bank
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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