Property profile

31200 23rd S Ave Federal Way, WA 98003

OFF-MARKET
Assisted living facilities
Property ID
US90-0856010
32,193 SF 3.45 ac lot Built 1997
Entity Owned 7-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1997
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 32,193 SF
Lot 3.45 ac (150,282 SF)
Zoning code CC-F
APN 092104-9127
UPID US90-0856010

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Nursing Home Retirement Community
  • Physician

Location

31200 23rd S Ave Federal Way, WA 98003-5528
Federal Way metro Census 30006 SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$995k
CAP Approach CAP
by Request
Comparable Approach Comparable
$993k
Blend (final) Blend
$995k

Owner & transaction history

since 2018
7 recorded transactions
2018
$16.5M
2016
Price N/A
2013
Price N/A
2011
Price N/A
2011
$9.2M
1997
Price N/A
1996
$772,082

Zoning & alternative use

CC-F · Federal Way, WA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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