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Property profile & analytics
OFF-MARKET
Estimated value
$10,080,000
Outlet malls
31515 Pete Von Reichbauer S Way Federal Way, WA 98003-5599
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US90-0471159
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
65,714 SF
Lot
7 ac (304,870 SF)
Zoning code
CC-F
APN
092104-9302
UPID
US90-0471159
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
$10.08M
Owner & transaction history
Broadway 32nd Street Realty Corp · 12 yrs held
Broadway 32nd Street Realty Corp
since 2013
7 recorded transactions
Zoning & alternative use
CC-F · 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
$153 / 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
$134,676
Tax year 2022
Assessed value
$13,626,800
Assessed 2022
Previous assessed
$13,626,800
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$8,536,300
Assessed improvement
$5,090,500
Land market value
$8,536,300
Improvement market value
$5,090,500
Total market value
$13,626,800
Applied tax rate
1,202.0000
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
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
OTHER
Stories
1
Total area
65,714 SF
Lot
7 ac (304,870 SF)
Zoning code
CC-F
APN
092104-9302
UPID
US90-0471159
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CC-F · Federal Way, WA
Zoning CC-F · permitted uses
CC-F · 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
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
Yes
Stories
1
Lot
7 ac
Current owner
From public records · entity-resolved
Broadway 32nd Street Realty Corp
Entity
Mailing address
43 W 32ND ST, NEW YORK, NY 10001-3805
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2018
—
Broadway-32nd Street Realty Co
—
Deed
related
$5,100,000 · Bank Of Hope
Jul 29, 2016
—
Broadway-32nd Street Realty Co
—
Deed
related
$4,100,000 · Wilshire Bk
Dec 20, 2013
$6,500,000
Broadway 32nd Street Realty Corp
Mgp X Reit LLC
Warranty Deed
$4,550,000 · Wilshire Bank
Oct 26, 2012
$5,092,447
Mgp X Reit LLC
Briar Dev Co LLP
Warranty Deed
—
Aug 17, 1995
$9,362,433
Briar Development Co
Supervalu Holdings INC
Grant Deed
$6,525,000 · Seattle-first National Bank
Jul 30, 1992
—
Ohiocubco INC
Super Valu Store
Quit Claim Deed
related
—
—
—
Briar Development Co
—
Deed Of Trust
related
$7,012,500 · Seafirst Bank
—
—
Briar Dev Co LLP
—
Deed Of Trust
related
$5,000,000 · Bank Of America
—
—
Haggen INC
—
Deed Of Trust
related
—
—
—
Broadway-32nd Street Realty Co
—
Deed Of Trust
related
$4,675,000 · Bbcn Bk
—
—
Briar Dev Co LLP
—
Deed Of Trust
related
$9,262,804 · Bank Of America
—
—
Broadway-32nd Street Realty Co
—
Loan Modification
related
$4,100,000 · Wilshire Bk
—
—
Haggen INC
—
Deed Of Trust
related
—
—
—
Broadway-32nd Street Realty Co
—
Deed Of Trust
related
$5,100,000 · Bank Of Hope
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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