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Property profile & analytics
OFF-MARKET
Estimated value
$2,015,000
Assisted living facilities
35419 1st S Ave, Federal Way, WA 98003-7026
Individually Owned
~
Est. High Equity
Property ID
US90-1303840
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
141,240 SF
Lot
12.63 ac (550,285 SF)
Zoning code
RS7.2
APN
302104-9024
UPID
US90-1303840
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
$2.02M
Owner & transaction history
Village Green Of Federal Way A Reti
Village Green Of Federal Way A Reti
since 2025
7 recorded transactions
Zoning & alternative use
RS7.2 · 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
$14 / 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
$255,406
Tax year 2022
Assessed value
$25,512,500
Assessed 2022
Previous assessed
$25,512,500
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$2,063,500
Assessed improvement
$23,449,000
Land market value
$2,063,500
Improvement market value
$23,449,000
Total market value
$25,512,500
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Buildings
6
Stories
3
Units
165
Total area
141,240 SF
Lot
12.63 ac (550,285 SF)
Zoning code
RS7.2
APN
302104-9024
UPID
US90-1303840
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
RS7.2 · Federal Way, WA
Zoning RS7.2 · permitted uses
RS7.2 · 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
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
3
Buildings
6
Units
165
Lot
12.63 ac
Current owner
From public records · entity-resolved
Village Green Of Federal Way A Reti
Individual
Mailing address
PO BOX 98309, DES MOINES, WA 98198-0309
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Dec 3, 2025
—
Village Green Of Federal Way A Reti
Vgfw Propco LLC
Deed
$21,510,100 · Lument Real Estate Capital LLC
Nov 25, 2025
—
Vgfw Propco LLC
Village Green Of Fed Way A Ret Cmnt
Warranty Deed
—
Sep 5, 2018
—
Village Green Of Fedl Way A R
—
Deed
related
$21,600,000 · Cbre Cap Markets
Sep 24, 2007
—
Village Green Of Federal Way
—
Deed Of Trust
related
$11,400,000 · Bank Of America
Aug 29, 2007
—
Village Green Of Fedl Way
Powell,monte B & Diane E
Quit Claim Deed
related
—
Jan 7, 1999
—
Village Green Of Federal Way
—
Deed Of Trust
related
$4,970,000 · Seafirst Bank
Sep 3, 1996
$630,000
Village Green Of Federal Way
Pan Western Land Co INC
Grant Deed
$6,000,000 · Metropolitan Fed'l S&l Seattle
—
—
Village Green Of Federal Way
—
Deed Of Trust
related
$3,656,139 · Bank Of America
—
—
Village Green Of Fedl Way A R
—
Deed Of Trust
related
$21,600,000 · Cbre Cap Markets
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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