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Property profile & analytics
OFF-MARKET
Specialty properties
Federal Way, WA 98003
Entity Owned
29-yr Hold
Free & Clear
Property ID
US90-2163959
Property profile
Verified
Property type
Specialty properties
Use group
ZOO
Year built
1959
Construction
WOOD FRAME
Total area
928 SF
Lot
2.66 ac (115,869 SF)
Zoning code
RM3600
APN
797820-0162
UPID
US90-2163959
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
by Request
Owner & transaction history
Federal Way City · 29 yrs held
Federal Way City
since 1997
1 recorded transaction
Zoning & alternative use
RM3600 · Federal Way, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Purpose of this district is to promote Multi Family 1 Unit Per 3600 Square Feet
Zone name
Multi Family 1 Unit Per 3600 Square Feet
General category
RESIDENTIAL
Zone area
426.36 ac
Source
Realmo
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
—
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
$7
Tax year 2022
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
Specialty properties
Use group
ZOO
Status
Off-Market
Year built
1959
Construction
WOOD FRAME
Heating
NONE
Stories
1
Total area
928 SF
Lot
2.66 ac (115,869 SF)
Zoning code
RM3600
APN
797820-0162
UPID
US90-2163959
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
RM3600 · Federal Way, WAZoning RM3600 · permitted uses
RM3600 · Federal Way, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Purpose of this district is to promote Multi Family 1 Unit Per 3600 Square Feet
Zone name
Multi Family 1 Unit Per 3600 Square Feet
General category
RESIDENTIAL
Zone area
426.36 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1959
Construction
WOOD FRAME
Heating
NONE
Stories
1
Lot
2.66 ac
Current owner
From public records · entity-resolved
Federal Way City
Entity
Free & Clear · 29 yrs held
Mailing address
33325 8TH AVE S, FEDERAL WAY, WA 98003-6325
Ownership since
1997
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 22, 1997
$300,000
Federal Way City
Thompson,leonard A & Marjorie L
Grant Deed
—
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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