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Property profile & analytics
FOR LEASE
Medical Office Space
118 SW 330Th St Federal Way, WA 98023
Entity Owned
2-yr Hold
Free & Clear
Property ID
US90-0830780
For Lease
1 / 2
$24 SF/Yr
118 SW 330Th St, Federal Way, WA 98023
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1983
Construction
WOOD
Total area
17,556 SF
Lot
1.01 ac (44,050 SF)
Zoning code
BN
APN
182104-9045
UPID
US90-0830780
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
$2.64M
CAP Approach
CAP
$3.58M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.66M
Owner & transaction history
Chico Way Shell INC · 2 yrs held
Chico Way Shell INC
since 2023
Last sale
$2.7M
6 recorded transactions
Zoning & alternative use
BN · 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
Method
Estimation
Statistic approach
$2,575,000
ML approach
$2,640,000
CAP Approach
CAP Return
Estimation
6%
$3,880,000
6.5%
$3,580,000
7%
$3,325,000
Blend value · Realmo final
$2.66M
Range $2.39M – $2.92M · ±10% · vs last sale $2.70M (Dec 21 2023)
Last sale anchor
$2.70M
Dec 21 2023
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
$151 / 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
$28,389
Tax year 2022
Assessed value
$2,779,000
Assessed 2022
Previous assessed
$2,779,000
+0.0% YoY
Effective rate
1.02%
On assessed value
Assessed land
$528,600
Assessed improvement
$2,250,400
Land market value
$528,600
Improvement market value
$2,250,400
Total market value
$2,779,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
1983
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
3
Total area
17,556 SF
Lot
1.01 ac (44,050 SF)
Zoning code
BN
APN
182104-9045
UPID
US90-0830780
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
BN · Federal Way, WA
Zoning BN · permitted uses
BN · 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
1983
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
3
Lot
1.01 ac
Current owner
From public records · entity-resolved
Chico Way Shell INC
Entity
Free & Clear · 2 yrs held
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2023
$2,700,000
Chico Way Shell INC
Hee & See Investment LLC
Warranty Deed
—
Oct 31, 2019
$2,360,000
Hee & See Investment LLC
Schwering Group LLC
Warranty Deed
$1,534,000 · Gbc International Bank
May 15, 2015
$2,400,000
The Schwering Group LLC
Commercial Property Investors Ll Ll
Warranty Deed
$1,800,000 · Wells Fargo Bank NA
Dec 21, 2012
—
Commercial Prop Invtrs II LLC
Commercial Prop Investors-ii
Quit Claim Deed
related
$1,500,000 · Columbia State Bank
—
—
Commercial Properties Investor
—
Deed Of Trust
related
$1,165,000 · Wells Fargo Bank
—
—
Commercial Property Investors
—
Deed Of Trust
related
$1,397,994 · Pacific Northwest Bank
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.
Try Rey
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