Entity Owned Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
33,266 SF
Lot
1.79 ac (77,972 SF)
Zoning code
CE
APN
132180-0010
UPID
US90-1727738
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
-
Theater & Performing Art Venue Vocational School
-
Building Supply General Contractor
-
Commercial Cleaning Service Aromatherapy Service
-
Industrial Manufacturer Production Facility
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.09M
CAP Approach
CAP
$6.25M
Comparable Approach
Comparable
$6.30M
Blend (final)
Blend
$6.12M
Owner & transaction history
since 2020
Last sale
$5.4M
7 recorded transactions
Zoning & alternative use
CE · Federal Way, WA
Zoning description
means the CE zoning district. “Industrial uses” means those uses allowed only in the CE zone as listed in FWRC 19.240.010 through 19.240.040 . “Inflatable advertising device” means an advertising device that is inflated…
General category
COMMERCIAL
Top alternative use upside
Office building
$9.6M
+4.9%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 4 comparables with addresses
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$6.12M
Value range
$5.51M – $6.73M
±10% around blend
Estimated value / SF
$184 / SF
Confidence
Low
4 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
40
$5.51M
blend $6.12M
$6.73M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
33,266 SF
Lot area
1.79 ac
Year built
1998
Stories
1
APN
132180-0010
Zoning
CE
Assessed value
$5,534,800
Annual tax
$56,858
3
Income approach: direct capitalization
Partial preview
Income approach indication
$6.25M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$6.77M
@ 6.5% CAP return
$6.25M
@ 7% CAP return
$5.81M
4
Sales comparison
Partial preview
Sales approach indication
$10.05M
Weighted, 4 comps · low confidence
Evidence
4 found · 4 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
18.9 mi away · 24,305 SF
19.9 mi away · 30,855 SF
26.4 mi away · 38,959 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$6.12M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 59 sales
$274
-33%
County 375 sales
$287
-36%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $184/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Office Building
Gross theoretical uplift
+5%
vs current-use indication
Warehouse, Storage · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 4 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Implied cap rate
6.60%
Implied, in-place cap rate for this warehouses
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 6.60%
9.0%
NOI (est.)
$376k *
Last sale · Nov 2020
$5.37M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$5.70M
Move the market yield to see immediate price impact.
Value / SF
$171
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
6.10%6.60%7.10%
$338k
$5.55M
$5.13M
$4.76M
$376k
$6.16M
$5.70M
$5.29M
$413k
$6.78M
$6.27M
$5.82M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
4 found
Low confidence · county-verified
Closest comparable
$7.54M
10.2 mi · Oct 2025 · $299/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$56,858
Tax year 2022
Assessed value
$5,534,800
Assessed 2022
Previous assessed
$5,534,800
+0.0% YoY
Effective rate
1.03%
On assessed value
Assessed land
$935,600
Assessed improvement
$4,599,200
Land market value
$935,600
Improvement market value
$4,599,200
Total market value
$5,534,800
Applied tax rate
1,205.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Total area
33,266 SF
Lot
1.79 ac (77,972 SF)
Zoning code
CE
APN
132180-0010
UPID
US90-1727738
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CE · Federal Way, WAZoning CE · permitted uses
CE · Federal Way, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
means the CE zoning district. “Industrial uses” means those uses allowed only in the CE zone as listed in FWRC 19.240.010 through 19.240.040 . “Inflatable advertising device” means an advertising device that is inflated…
General category
COMMERCIAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Lot
1.79 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
CE
COMMERCIAL
Jurisdiction
Federal Way, WA
Recorded code
CE
Official district
CE
Official district profile
What the municipal code says about CE
Zoning description
means the CE zoning district. “Industrial uses” means those uses allowed only in the CE zone as listed in FWRC 19.240.010 through 19.240.040 . “Inflatable advertising device” means an advertising device that is inflated…
General category
COMMERCIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CE in Federal Way, WA.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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