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Property profile & analytics
OFF-MARKET
Estimated value
$665,000
Turn key restaurants
31920 Gtwy Ctr S Blvd Federal Way, WA 98003-5638
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US90-1069815
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2000
Construction
WOOD
Total area
7,218 SF
Lot
2.38 ac (103,531 SF)
Zoning code
CC-C
APN
092104-9035
UPID
US90-1069815
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
$665k
Owner & transaction history
State Of Wa Department/transporta · 14 yrs held
State Of Wa Department/transporta
since 2012
7 recorded transactions
Zoning & alternative use
CC-C · 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
$92 / 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
$26,278
Tax year 2022
Assessed value
$2,674,300
Assessed 2022
Previous assessed
$2,674,300
+0.0% YoY
Effective rate
0.98%
On assessed value
Assessed land
$2,070,600
Assessed improvement
$603,700
Land market value
$2,070,600
Improvement market value
$603,700
Total market value
$2,674,300
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2000
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Total area
7,218 SF
Lot
2.38 ac (103,531 SF)
Zoning code
CC-C
APN
092104-9035
UPID
US90-1069815
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CC-C · Federal Way, WAZoning CC-C · permitted uses
CC-C · Federal Way, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2000
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Lot
2.38 ac
Current owner
From public records · entity-resolved
State Of Wa Department/transporta
Entity
Mailing address
PO BOX 1941, AUBURN, WA 98071-1941
Ownership since
2012
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
Aug 27, 2021
—
San Chae LLC
—
Deed
related
$2,000,000 · Bank Of America NA
Mar 7, 2012
—
State Of Wa Department/transporta
Central Puget Sound Regional T
Quit Claim Deed
related
—
Dec 1, 2008
$2,540,000
San Chae LLC
A & E Living Trust
Warranty Deed
—
Jan 14, 2005
$2,250,000
A & E Trust
Mastro,michael R & Linda A
Warranty Deed
$1,500,000 · Land Bank
Oct 1, 2004
—
Michael R Mastro
Federal Way Jv
Grant Deed
$2,286,700 · Washington First Int'l Bank
—
—
San Chae LLC
—
Deed Of Trust
related
$1,007,499 · Bank Of America
—
—
Way Joint Venture Federal
—
Deed Of Trust
related
$400,000 · Individual
—
—
Marie Callender Ventures INC
—
Deed Of Trust
related
$80,000 · Bankboston NA
—
—
San Chae LLC
—
Deed Of Trust
related
$1,300,000 · 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.
Try Rey
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