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Property profile & analytics

1688 348th St Federal Way, WA 98003-8915

  • Hotels
  • 55,200 SF
  • 2.91 lot acres
OFF-MARKET
Value Estimation
$11,670,000
Last Sale
Sep 07, 2021
$10,960,000
Location Intelligence
Property ID
US90-3262329
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

  • Hotels

Property Details for 1688 348th St

Year built
1982
Construction
WOOD
Lot size
2.91 lot acres
Property size
55,200 SF
Zone code
CE
Property type
Hotels
Property subtype
Motels
APN
212104-9078
APU
2121049078

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $11,810,000
  • CAP approach

    CAP return
    Estimation
    6%
    $10,535,000
    6.5%
    $10,980,000
    7%
    $10,525,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $11,625,000
    Geo Method
    $11,685,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $12,510,000
    Retail
    $11,010,000
    Mixed-Use
    $10,775,000
    Hospitality
    $9,945,000
    Educational
    $12,775,000
    Residential Income
    $9,485,000
    Energy
    $9,630,000
    Income-Based Land
    $9,940,000
    Food Service
    $9,510,000

Location Insight

  • Map
  • Local Demand
City
Federal Way
County
King
State
Washington
Longitude
-122.311
Latitude
47.2901
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
$6,808
$0.00
$0.00
$0.00
-
$0.00
$0.00
$0.00
More about this property
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