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Property profile & analytics
OFF-MARKET
Estimated value
$3,220,000
Retail space
1320 324th St Federal Way, WA 98003-8445
Entity Owned
26-yr Hold
~
Est. High Equity
Property ID
US90-0767768
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1979
Construction
WOOD
Total area
25,206 SF
Lot
2.83 ac (123,405 SF)
Zoning code
CC-F
APN
150050-0070
UPID
US90-0767768
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.22M
Owner & transaction history
Investment Properties Harsch · 26 yrs held
Investment Properties Harsch
since 1999
7 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$128 / 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
$39,302
Tax year 2022
Assessed value
$3,543,900
Assessed 2022
Previous assessed
$3,543,900
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$2,838,300
Assessed improvement
$705,600
Land market value
$2,838,300
Improvement market value
$705,600
Total market value
$3,543,900
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1979
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Stories
1
Total area
25,206 SF
Lot
2.83 ac (123,405 SF)
Zoning code
CC-F
APN
150050-0070
UPID
US90-0767768
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
1979
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Stories
1
Lot
2.83 ac
Current owner
From public records · entity-resolved
Investment Properties Harsch
Entity
Mailing address
PO BOX 2708, PORTLAND, OR 97208-2708
Ownership since
1999
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 3, 2017
—
Harsch Inv Props LLC
—
Deed
related
$16,235,000 · Mufg Union Bk NA
May 20, 2016
—
Harsch Inv Props LLC
—
Deed
related
$34,500,000 · Mufg Union Bk NA
Oct 13, 1999
$19,100,000
Investment Properties Harsch
Jdi Tacoma LP
Grant Deed
$16,235,000 · Union Bank Of California
Aug 28, 1997
$9,395,000
Jdi Tacoma LP
Labroc II LLC
Grant Deed
$8,600,000 · First Bank & Trust
Jul 18, 1995
—
LP Labroc II
Balcor Equity Pension Investor
Quit Claim Deed
related
—
—
—
Harsch Inv Props LLC
—
Loan Modification
related
$34,500,000 · Mufg Union Bk NA
—
—
Harsch Investment Props LLC
—
Deed Of Trust
related
—
—
—
Harsch Inv Props LLC
—
Loan Modification
related
$34,500,000 · Union Bank
—
—
Harsch Inv Props LLC
—
Loan Modification
related
$34,500,000 · Mufg Union Bk NA
—
—
Harsch Inv Props LLC
—
Loan Modification
related
$16,235,000 · Mufg Union Bk NA
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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