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Property profile

118 SW 330Th St Federal Way, WA 98023

FOR LEASE
Medical Office Space
Property ID
US90-0830780
17,556 SF 1.01 ac lot Built 1983
Last sale Dec 2023 · $2,700,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

Suite 200 provides 2,683 square feet of interior space and was previously configured and used as a dental office. The suite includes two private bathrooms and is laid out to support medical, dental, or general office use. It is located in a professional building in Federal Way.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$28k
Tax billed · 2022
Assessed value$2.78M
Assessed land$529k
Assessed improvement$2.25M
Effective rate1.02%

Value estimate

· Oct 2026
$2.58M
$2.32M – $2.83M
AI approach$2.64M
CAP approach$3.58M
NOI build-up
Gross scheduled income$38k
Vacancy & credit loss−$8k
Operating expenses−$12k
NOI · 76,916.67% cap applied$18k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$395/SF
County average, outlier-cleaned · 123 recorded sales of this use type
Observed band · Q1–Q3$227 – $570

Cap rate analysis

How does the asset earn?
76,916.67%
$18k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
BN
The Purpose of this district is to promote Neighborhood Business
General categoryCOMMERCIAL
JurisdictionKING

Location intelligence

Which uses thrive at this corner?
Best fit: Restaurant
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Restaurant11.9
Barber Shop10.5
Computer & Electronic Repair10.2

Location

118 SW 330Th St Federal Way, WA 98023
County assessor Recorded deeds · 6 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

17 properties in this city
Recent sales nearby
No comparable recorded sale in this ZIP
No comparable recorded sale in this ZIP. Our records hold no sale here we could set beside this property for the last 8 years, so the properties below are drawn from the whole city. They are neighbours, not transactions.
Comparable in this city
6 properties of the same type in this city
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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