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    Property profile & analytics

    1401 348th St Federal Way, WA 98003-6882

    • Retail space
    • 10,017 SF
    • 1.05 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US90-1665514
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 1401 348th St

    Year built
    2006
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.05 lot acres
    Property size
    10,017 SF
    Zone code
    CE
    Property type
    Retail space
    APN
    185295-0080
    APU
    1852950080

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Federal Way
    County
    King
    State
    Washington
    Longitude
    -122.316
    Latitude
    47.2892
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $32,400
    $1,368,100
    $1,832,400
    $3,200,500
    -
    $1,368,100
    $1,832,400
    $3,200,500

    Comparable in this City

    • Value Estimation by Request
      9,839 SF

      31433 Pacific S Hwy

      RETAIL STORES (PERSONAL SERVICES) • 9,839 SF
      31433 Pacific S Hwy, Federal Way, WA 98003-5403
      View Details
    • Value Estimation by Request
      8,640 SF

      32700 Pacific S Hwy

      RETAIL STORES (PERSONAL SERVICES) • 8,640 SF
      32700 Pacific S Hwy, Federal Way, WA 98003-6446
      View Details
    • Value Estimation by Request
      5,722 SF

      31430 Pacific S Hwy

      RETAIL STORES (PERSONAL SERVICES) • 5,722 SF
      31430 Pacific S Hwy, Federal Way, WA 98003-5404
      View Details
    • Value Estimation by Request
      25,206 SF

      1320 324th St

      RETAIL STORES (PERSONAL SERVICES) • 25,206 SF
      1320 324th St, Federal Way, WA 98003-8445
      View Details
    • Value Estimation by Request
      141,256 SF

      1901 Cmns Commons

      RETAIL STORES (PERSONAL SERVICES) • 141,256 SF
      1901 Cmns Commons, Federal Way, WA 98003-6039
      View Details
    • Value Estimation by Request
      8,750 SF

      35023 Enchanted S Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 8,750 SF
      35023 Enchanted S Pkwy, Federal Way, WA 98003-8359
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      Commercial site or owner-user restaurant in a centralized location.
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      Prime Federal Way Commercial Land

      High-traffic location, development potential.
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    • $229,995
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      Move-in ready, ground floor condo with pool access and new appliances.
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      Federal Way Office Space Available

      Office space in Federal Way with close access to I-5.
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    Similar Nearby for Lease

    • $13 SF/Yr
      1,084 SF

      Retail Space in Twin Lakes Village

      Retail space for lease in a high-traffic shopping center.
      2120-2324 SW 336Th St, Federal Way, WA 98003
      View Details
    • $1,330 /Mo
      1,330 SF

      Retail Space in Federal Way

      Retail space available for lease in Federal Way, WA.
      33110 Pacific Hwy S, Federal Way, WA 98003
      View Details
    • $25 SF/Yr
      1,960 SF

      Retail Space on Pacific Highway

      Retail space for lease in a high-traffic location.
      31830-31840 Pacific Hwy S, Federal Way, WA 98003
      View Details
    • $18 SF/Yr
      1,019 SF

      Federal Way Retail Space Available

      Retail space available for lease in Federal Way, Washington.
      1600 Southwest Dash Point Rd, Federal Way, WA 98003
      View Details
    • $45 SF/Yr
      3,132 SF

      Retail Space in Federal Way

      Retail space available for lease in Federal Way, Washington.
      35007 Enchanted Pkwy S, Federal Way, WA 98003
      View Details
    • $4,500,000
      9,998 SF

      Standalone Retail Building For Lease

      Remodeled retail building with high visibility and ample parking.
      30650 Pacific Hwy S, Federal Way, WA 98003
      View Details

    Property Visit Statistics

    • Visits by month
      5.5k
    • Visitors by month
      4.5k
    • Avg Time on site
      18 min
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    Federal Way, WA 98003-6882
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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