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Property profile & analytics
OFF-MARKET Estimated value $1,155,000
Retail space

1507 348th St Federal Way, WA 98003-8305

5,680 SF 0.86 ac lot Built 2006
Entity Owned 3-yr Hold Free & Clear
Property ID
US90-1632414
Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2006
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 5,680 SF
Lot 0.86 ac (37,482 SF)
Zoning code CE
APN 185295-0100
UPID US90-1632414
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
$1.57M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.16M
Owner & transaction history
Trimark Fwc Owner LLC · 3 yrs held
Trimark Fwc Owner LLC
since 2023
4 recorded transactions
2023
Price N/A
2016
Price N/A
2006
Price N/A
2006
$51.0M
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 $1.6M +8.5%
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