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Property profile & analytics
OFF-MARKET Estimated value $815,000
Grocery and convenience stores

1520 348th St Federal Way, WA 98003-6844

3,812 SF 0.96 ac lot Built 1968
Entity Owned 7-yr Hold Free & Clear
Property ID
US90-0964492
Property profile
Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 1968
Construction STEEL FRAME
Total area 3,812 SF
Lot 0.96 ac (41,930 SF)
Zoning code CE
APN 889700-0115
UPID US90-0964492
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
$785k
Blend (final) Blend
$815k
Owner & transaction history
City Of Fedl Way · 7 yrs held
City Of Fedl Way
since 2019
3 recorded transactions
2019
Price N/A
2009
$1.0M
2000
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
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