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Property profile & analytics
FOR LEASE
Commercial real estate
1200 S 324Th St Federal Way, WA 98003
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-1736697
For Lease
1 / 2
$24 SF/Yr
1200 S 324Th St, Federal Way, WA 98003
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
12,698 SF
Lot
1.19 ac (51,836 SF)
Zoning code
CC-F
APN
150050-0050
UPID
US90-1736697
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
$3.27M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.99M
Owner & transaction history
Credo 153 LLC · 6 yrs held
Credo 153 LLC
since 2019
6 recorded transactions
Zoning & alternative use
CC-F · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,535,000
6.5%
$3,265,000
7%
$3,030,000
Blend value · Realmo final
$2.99M
Range $2.69M – $3.29M · ±10%
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
$235 / 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
$29,885
Tax year 2022
Assessed value
$2,890,800
Assessed 2022
Previous assessed
$2,890,800
+0.0% YoY
Effective rate
1.03%
On assessed value
Assessed land
$1,192,200
Assessed improvement
$1,698,600
Land market value
$1,192,200
Improvement market value
$1,698,600
Total market value
$2,890,800
Applied tax rate
1,202.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Lease
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Stories
1
Total area
12,698 SF
Lot
1.19 ac (51,836 SF)
Zoning code
CC-F
APN
150050-0050
UPID
US90-1736697
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CC-F · Federal Way, WA
Zoning CC-F · permitted uses
CC-F · 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
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Stories
1
Lot
1.19 ac
Current owner
From public records · entity-resolved
Credo 153 LLC
Entity
Mailing address
1200 S 324TH ST, FEDERAL WAY, WA 98003-8446
Ownership since
2019
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 31, 2019
$2,500,000
Credo 153 LLC
Resides 324th LLC
Warranty Deed
$2,850,000 · Mountain Pacific Bank
May 31, 2016
$2,000,000
Re Sides 324th LLC
Kaufman,deborah A
Warranty Deed
$2,000,000 · Deborah A Kaufman
Feb 2, 2000
—
Deborah A Kaufman
Kaufman,ronald F
Quit Claim Deed
related
—
Feb 24, 1988
$155,000
Ronald #51978 Kaufman
North Pacific Ba
Grant Deed
—
—
—
Deborah A Kaufman
—
Deed Of Trust
related
$480,000 · First Savings Bank
—
—
Deborah A Kaufman
—
Deed Of Trust
related
$600,000 · Executive House INC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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