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Property profile & analytics
OFF-MARKET
Estimated value
$9,895,000
Specialty properties
32200 Military S Rd Federal Way, WA 98001-9627
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US90-0598325
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
334,593 SF
Lot
19.39 ac (844,628 SF)
Zoning code
RM2400
APN
152104-9078
UPID
US90-0598325
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
$9.90M
Owner & transaction history
Avanath Federal Way LLC · 9 yrs held
Avanath Federal Way LLC
since 2016
7 recorded transactions
Zoning & alternative use
RM2400 · 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
$30 / 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
$923,877
Tax year 2022
Assessed value
$94,807,000
Assessed 2022
Previous assessed
$94,807,000
+0.0% YoY
Effective rate
0.97%
On assessed value
Assessed land
$6,757,000
Assessed improvement
$88,050,000
Land market value
$6,757,000
Improvement market value
$88,050,000
Total market value
$94,807,000
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
27
Stories
3
Units
339
Total area
334,593 SF
Lot
19.39 ac (844,628 SF)
Zoning code
RM2400
APN
152104-9078
UPID
US90-0598325
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
RM2400 · Federal Way, WA
Zoning RM2400 · permitted uses
RM2400 · 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
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
3
Buildings
27
Units
339
Lot
19.39 ac
Current owner
From public records · entity-resolved
Avanath Federal Way LLC
Entity
Mailing address
1920 MAIN ST STE #150, IRVINE, CA 92614-7289
Ownership since
2016
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
Sep 22, 2016
$70,173,000
Avanath Federal Way LLC
32200 Military Road South Apar
Grant Deed
$45,630,000 · Cbre Multifamily Cap
Jun 28, 2011
$51,830,500
32200 Military Road South Apar
Fwa LLC
Grant Deed
—
Jul 30, 2002
—
Fwa LLC
Knudson,gerald
Quit Claim Deed
related
—
Nov 9, 2001
—
Peasley Canyon LLC
—
Trustees Deed
related
$1,017,500 · Key Bank NA
Nov 7, 2001
$1,200,000
Peasley Canyon LLC
Tacoma Associates V
Grant Deed
—
Mar 15, 1989
$382,500
Tacoma Assoc Venture
Uhs Of Auburn,in
Grant Deed
—
—
—
Fwa LLC
—
Deed Of Trust
related
—
—
—
Fwa LLC
—
Deed Of Trust
related
$25,700,000 · Key Bank NA
—
—
Tacoma Associates V
—
Deed Of Trust
related
$148,000 · Individual
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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