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    1406 S 348Th St Federal Way, WA 98003

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    For Sale
    $1,299,000

    Commercially zoned land near I-5 and various businesses.

    Property size:
    25,585 SF
    Lot size:
    0.59 Acres

    Property Features for 1406 S 348Th St

    General Information

    Size
    25,585 SF
    Lot size
    0.59 Acres

    Source: Skyline Properties, Inc. Agent Alex Pak

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercially Zoned Land For Sale

    This commercially zoned land is situated in a busy, highly visible area surrounded by a mix of various businesses. The property is located approximately one minute from I-5. Nearby businesses include Taco Bell, Starbucks, Jack in the Box, Burger King, McDonald's, Denny's, Olive Garden, Wal-Mart, Costco, and Home Depot. The property size is 25585 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Wholesale Shop Dental Office Hair Salon Spa & Massage Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Federal Way
    County
    King
    State
    Washington
    Longitude
    -122.3159161
    Latitude
    47.2904465

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    FAQs

    What type of property is this?
    Commercial land - Commercially zoned land near I-5 and various businesses.
    Where is this commercial land located?
    The property is located at 1406 S 348Th St Federal Way, WA.
    What is the asking price?
    The asking price for this property is $1,299,000.
    What are key features of this property?
    This property features: - Commercially zoned land - suitable for business development.; - High visibility location in a busy area.; - Immediate access to I-5 (1 minute).
    (253) 380-8414
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    1406 S 348Th St Federal Way, WA 98003
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    Federal Way, WA 98003
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1406 S 348Th St Federal Way, WA 98003
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