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    Property profile & analytics

    1610 347th Pl Federal Way, WA 98003-8950

    • Drive through restaurants
    • 3,500 SF
    • 0.95 lot acres
    OFF-MARKET
    Value Estimation
    $2,435,000
    Last Sale
    Jul 30, 2020
    $2,207,547
    Location Intelligence
    Property ID
    US90-1361268
    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

    • Drive through restaurants

    Property Details for 1610 347th Pl

    Year built
    1985
    Construction
    WOOD
    Lot size
    0.95 lot acres
    Property size
    3,500 SF
    Zone code
    CE
    Property type
    Drive through restaurants
    APN
    212104-9012
    APU
    2121049012

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,515,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,155,000
      6.5%
      $2,245,000
      7%
      $2,045,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,820,000
      Geo Method
      $2,450,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,605,000
      Retail
      $2,565,000
      Mixed-Use
      $2,190,000
      Hospitality
      $2,285,000
      Educational
      $2,200,000
      Residential Income
      $2,065,000
      Energy
      $2,300,000
      Income-Based Land
      $2,345,000
      Food Service
      $2,605,000

    Location Insight

    • Map
    • Local Demand
    City
    Federal Way
    County
    King
    State
    Washington
    Longitude
    -122.313
    Latitude
    47.2906
    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
    $18,721
    $1,246,900
    $527,200
    $1,774,100
    -
    $1,246,900
    $527,200
    $1,774,100

    Comparable in this City

    • Value Estimation by Request
      1,134 SF

      2032 320th St

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,134 SF
      2032 320th St, Federal Way, WA 98003-5415
      View Details
    • Value Estimation by Request
      2,681 SF

      35500 Enchanted S Pkwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,681 SF
      35500 Enchanted S Pkwy, Federal Way, WA 98003-8311
      View Details
    • Value Estimation by Request
      2,500 SF

      31122 Pacific S Hwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,500 SF
      31122 Pacific S Hwy, Federal Way, WA 98003
      View Details
    • Value Estimation
      $1,820,000
      3,612 SF

      34506 16th S Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,612 SF
      34506 16th S Ave, Federal Way, WA 98003-6802
      View Details
    • Value Estimation by Request
      1,871 SF

      2012 320th St

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,871 SF
      2012 320th St, Federal Way, WA 98003-5454
      View Details
    • Value Estimation by Request
      2,966 SF

      27515 Pacific S Hwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,966 SF
      27515 Pacific S Hwy, Federal Way, WA 98003-2409
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      Prime Land for Medical Office

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      Commercially Zoned Land For Sale

      Commercially zoned land near I-5 and various businesses.
      1406 S 348Th St, Federal Way, WA 98003
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    Similar Nearby for Lease

    • $28 SF/Yr
      36,345 SF

      Celebration Center Retail Space

      Federal Way retail space, multiple units available
      32075 Pacific Hwy, Federal Way, WA 98003
      View Details
    • Contact for pricing
      2,834 SF

      Federal Way Retail Space Available

      Retail space available for lease in Federal Way, Washington.
      32011-32081 Pacific Hwy S, Federal Way, WA 98003
      View Details
    • $14 SF/Yr
      2,200 SF

      Federal Way Retail Space Available

      2,200 SF retail space in Federal Way's retail core.
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      View Details
    • $32 SF/Yr
      5,940 SF

      Retail Space in Federal Way

      Retail space available in a busy Federal Way shopping center.
      2500 South 320Th St, Federal Way, WA 98003
      View Details
    • $25 SF/Yr
      26,540 SF

      Federal Way Retail Center

      High-visibility retail spaces available
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      View Details
    • $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

    Property Visit Statistics

    • Visits by month
      4.4k
    • Visitors by month
      4.1k
    • Avg Time on site
      12 min
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    Federal Way, WA 98003-8950
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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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