Financial
Distress signals
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 205 contains 803 square feet of interior space and was previously used as a dental office. The layout is suitable for medical, dental, or general office services, including office operations for professional service businesses. The suite is located in a professional building in Federal Way, Washington.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

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

· Sep 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
Restaurant7.8
Clothing Store8.1
Auto Repair Shop9.7

Location

118 SW 330Th St Federal Way, WA 98023
County assessor Recorded deeds · 6 transfers 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

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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