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Property profile & analytics
FOR SALE
Office buildings
33810 Weyerhaeuser Way South Federal Way, WA 98001
Entity Owned
10-yr Hold
Free & Clear
Property ID
US90-1785558
For Sale
1 / 20
$8,180,000
33810 Weyerhaeuser Way South, Federal Way, WA 98001
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
56,600 SF
Lot
3.57 ac (155,509 SF)
Zoning code
OP-1
APN
215466-0030
UPID
US90-1785558
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
$9.72M
Blend (final)
Blend
$8.18M
Owner & transaction history
Md Ventures Talon LLC · 10 yrs held
Md Ventures Talon LLC
since 2015
7 recorded transactions
Zoning & alternative use
OP-1 · 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
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
Blend value · Realmo final
$8.18M
Range $7.36M – $9.00M · ±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
$145 / 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
$89,871
Tax year 2022
Assessed value
$8,743,700
Assessed 2022
Previous assessed
$8,743,700
+0.0% YoY
Effective rate
1.03%
On assessed value
Assessed land
$1,866,100
Assessed improvement
$6,877,600
Land market value
$1,866,100
Improvement market value
$6,877,600
Total market value
$8,743,700
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
56,600 SF
Lot
3.57 ac (155,509 SF)
Zoning code
OP-1
APN
215466-0030
UPID
US90-1785558
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
OP-1 · Federal Way, WA
Zoning OP-1 · permitted uses
OP-1 · 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
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
3.57 ac
Current owner
From public records · entity-resolved
Md Ventures Talon LLC
Entity
Free & Clear · 10 yrs held
Mailing address
6725 116TH AVE NE STE #100, KIRKLAND, WA 98033-8455
Ownership since
2015
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
Oct 3, 2017
—
Md Ventures Talon LLC
—
Deed
related
$10,000,000 · Miscellaneous Ins Co
Sep 11, 2015
$4,800,000
Md Ventures Talon LLC
Talon Court LLC
Warranty Deed
—
Aug 30, 2013
$3,386,250
Talon Court LLC
Fucms 2001-c4 Weyerhaeuser Way
Grant Deed
—
Mar 12, 2012
$5,000,000
2001-c4 Weyerhaeuser Way Fucms
Neu David C
Trustees Deed
related
—
Jan 10, 2005
—
Ccnic Talon Court LLC
Nic Talon Court LLC
Quit Claim Deed
—
Jul 14, 2003
$11,050,000
Nic Talon Court LLC
Lakha Federal Way Properties I
Grant Deed
—
Jun 26, 2001
$10,301,750
Federal Way Properties I Lakha
Quadrant Corp
Grant Deed
$7,545,000 · Sterling Savings Bank
—
—
Lakha Federal Way Properties
—
Deed Of Trust
related
$7,725,000 · Merrill Lynch Mortgage Lending
—
—
Md Ventures Talon LLC
—
Deed Of Trust
related
$10,000,000 · Miscellaneous Ins Co
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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