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Property profile & analytics
OFF-MARKET
Estimated value
$685,000
Turn key restaurants
34900 Enchanted S Pkwy, Federal Way, WA 98003-8325
Individually Owned
Absentee Owner
Free & Clear
Property ID
US90-0732212
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,909 SF
Lot
12.85 ac (559,876 SF)
Zoning code
CE
APN
219260-0570
UPID
US90-0732212
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
$465k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$909k
Blend (final)
Blend
$685k
Owner & transaction history
Seattle Childrens Hospital
Seattle Childrens Hospital
since 2026
7 recorded transactions
Zoning & alternative use
CE · 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
$465,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$685k
Range $617k – $754k · ±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
$175 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$187,648
Tax year 2023
Assessed value
$16,556,200
Assessed 2023
Previous assessed
$4,800,900
+244.9% YoY
Effective rate
1.13%
On assessed value
Assessed land
$9,758,200
Assessed improvement
$6,798,000
Land market value
$9,758,200
Improvement market value
$6,798,000
Total market value
$16,556,200
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Buildings
8
Stories
1
Total area
3,909 SF
Lot
12.85 ac (559,876 SF)
Zoning code
CE
APN
219260-0570
UPID
US90-0732212
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CE · Federal Way, WA
Zoning CE · permitted uses
CE · 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
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Buildings
8
Lot
12.85 ac
Current owner
From public records · entity-resolved
Seattle Childrens Hospital
Individual
Free & Clear · 0 yrs held
Mailing address
2010 156TH AVE NE STE #100, BELLEVUE, WA 98007-3826
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 7, 2026
—
Seattle Childrens Hospital
Dealandria Properties INC
Deed
—
May 10, 2011
$8,350,000
Geccmc 2001-1-35020 Enchanted
Regional Trustee Services
Trustees Deed
related
—
Dec 8, 2000
$20,430,000
West Campus Square Co LLC
Knutsen LLC
Grant Deed
$16,344,000 · Chase Manhattan Bank
Nov 1, 1999
—
Knutsen LLC
West Campus Square LP
Grant Deed
$7,050,000 · Costco Wholesale Corp
Aug 18, 1999
—
Robert J Knutsen
—
Deed Of Trust
related
$2,358,478 · Meridian Lenders III
Feb 5, 1999
—
Campus Square West
Seattle Mortgage Co
Quit Claim Deed
related
—
Feb 11, 1997
—
Campus Square West
—
Grant Deed
related
$16,200,000 · Seattle Mortgage Co
Jun 1, 1988
$2,300,000
Campus Square West
Shrem
Grant Deed
—
—
—
West Campus Square LP
—
Deed Of Trust
related
$400,000 · Phoenix I LLC
—
—
Kuntsen LLC
—
Deed Of Trust
related
$115,000 · Phoenix I LLC
—
—
West Campus Square LP
—
Deed Of Trust
related
$3,300,000 · Source Capital Corporation
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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