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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Specialty properties
Federal Way, WA 98003
Trust Owned
7-yr Hold
Free & Clear
Property ID
US90-0854815
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
1986
Construction
WOOD
Total area
5,684 SF
Lot
13.77 ac (599,821 SF)
Zoning code
R12
APN
332104-9047
UPID
US90-0854815
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
$435k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$706k
Blend (final)
Blend
$570k
Owner & transaction history
Dankel,patsy J Trust · 7 yrs held
Dankel,patsy J Trust
since 2019
4 recorded transactions
Zoning & alternative use
R12 · Federal Way, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$780,000
+102.3%
Auto repair, garage
$695,000
+80.9%
Industrial (general)
$590,000
+54.2%
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
$435,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
$385,000
Current use
RESTAURANT
$780,000
Change: +102% · Conversion: Difficult
AUTO REPAIR, GARAGE
$695,000
Change: +81% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$590,000
Change: +54% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$535,000
Change: +39% · Conversion: Difficult
COMMERCIAL (GENERAL)
$500,000
Change: +30% · Conversion: Difficult
OFFICE BUILDING
$390,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$570k
Range $513k – $627k · ±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
$100 / 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
$94,584
Tax year 2022
Assessed value
$7,519,100
Assessed 2022
Previous assessed
$7,519,100
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$2,699,100
Assessed improvement
$4,820,000
Land market value
$2,699,100
Improvement market value
$4,820,000
Total market value
$7,519,100
Applied tax rate
3,490.0000
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
1986
Construction
WOOD
Heating
FORCED AIR
Stories
1
Total area
5,684 SF
Lot
13.77 ac (599,821 SF)
Zoning code
R12
APN
332104-9047
UPID
US90-0854815
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
R12 · Federal Way, WAZoning R12 · permitted uses
R12 · Federal Way, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
Est. value
$385,000
RESTAURANT
Est. value
$780,000
AUTO REPAIR, GARAGE
Est. value
$695,000
INDUSTRIAL (GENERAL)
Est. value
$590,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$535,000
COMMERCIAL (GENERAL)
Est. value
$500,000
OFFICE BUILDING
Est. value
$390,000
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
RESTAURANT
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1986
Construction
WOOD
Heating
FORCED AIR
Stories
1
Lot
13.77 ac
Current owner
From public records · entity-resolved
Dankel,patsy J Trust
Trust
Free & Clear · 7 yrs held
Mailing address
37301 28TH AVE S, FEDERAL WAY, WA 98003-7670
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2019
—
Dankel,patsy J Trust
Dankel,patsy J
Quit Claim Deed
related
—
Jan 7, 2019
—
Patsy J Dankel
Dankel,laurence J
Quit Claim Deed
related
—
Mar 19, 2018
—
Nugent,joan S Living Trust
Nugent,joan S
Quit Claim Deed
related
—
Apr 7, 2004
—
Herman,tr
Herman,tr
Quit Claim Deed
related
—
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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