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Property profile & analytics
OFF-MARKET Estimated value $825,000
Retail space

1505 344th St Federal Way, WA 98003-6805

4,490 SF 0.35 ac lot Built 2009
Entity Owned 17-yr Hold Free & Clear
Property ID
US90-1202725
Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2009
Construction WOOD
Total area 4,490 SF
Lot 0.35 ac (15,213 SF)
Zoning code CE
APN 889700-0025
UPID US90-1202725
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
$825k
Owner & transaction history
City Of Fedl Way · 17 yrs held
City Of Fedl Way
since 2009
7 recorded transactions
2024
Price N/A
2009
Price N/A
2006
$195,000
2001
$132,500
1988
$68,600
1969
Price N/A
1969
Price N/A
Zoning & alternative use
CE · Federal Way, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

means the CE zoning district. “Industrial uses” means those uses allowed only in the CE zone as listed in FWRC 19.240.010 through 19.240.040 . “Inflatable advertising device” means an advertising device that is inflated by some means and used to attract attention, advertise, promote, market, or display goods and/or services. These devices include large singl…

Zone name Commercial Enterprise
General category COMMERCIAL
Zone area 498.14 ac
Top alternative use upside
Office building $1.3M +8.5%
Warehouse, storage $1.2M +3.5%
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