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Property profile & analytics
OFF-MARKET
Estimated value
$11,930,000
Industrial properties
1704 341st Pl, Federal Way, WA 98003-7800
Entity Owned
2-yr Hold
Free & Clear
Property ID
US90-0066159
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,920 SF
Lot
2.14 ac (93,199 SF)
Zoning code
CE
APN
390380-0110
UPID
US90-0066159
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
$8.26M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.79M
Blend (final)
Blend
$11.93M
Owner & transaction history
Mcclure Properites LLC · 2 yrs held
Mcclure Properites LLC
since 2023
Last sale
$13.8M
7 recorded transactions
Zoning & alternative use
CE · Federal Way, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Federal Way submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Federal Way submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$13,110,000
ML approach
$8,255,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$11.93M
Range $10.74M – $13.12M · ±10% · vs last sale $13.75M (Sep 28 2023)
Last sale anchor
$13.75M
Sep 28 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$1,092 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$49,184
Tax year 2022
Assessed value
$4,705,500
Assessed 2022
Previous assessed
$4,705,500
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$1,397,900
Assessed improvement
$3,307,600
Land market value
$1,397,900
Improvement market value
$3,307,600
Total market value
$4,705,500
Applied tax rate
1,205.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Buildings
3
Stories
1
Total area
10,920 SF
Lot
2.14 ac (93,199 SF)
Zoning code
CE
APN
390380-0110
UPID
US90-0066159
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CE · Federal Way, WA
Zoning CE · permitted uses
CE · Federal Way, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Federal Way. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Buildings
3
Lot
2.14 ac
Current owner
From public records · entity-resolved
Mcclure Properites LLC
Entity
Free & Clear · 2 yrs held
Mailing address
15714 COUNTRY CLB DR, MILL CREEK, WA 98012-1203
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 28, 2023
$13,750,000
Mcclure Properites LLC
Mca Igf Spectrum LLC
Warranty Deed
—
Sep 3, 2021
$8,250,000
Mca Igf Spectrum LLC
Spectrum Bus Park & Spectrum Plaza
Warranty Deed
$5,500,000 · Aetna Life Insurance Co
Apr 12, 2018
—
Spectrum Busn Park & Spectrum
—
Deed
related
$4,200,000 · Kitsap FCU
Feb 3, 2003
$1,775,000
Business Park Spectrum
Star II LLC
Grant Deed
$4,706,000 · Columbia State Bank
Feb 3, 2003
$4,500,000
Business Park Spectrum
Star I LLC
Grant Deed
—
Nov 3, 2000
—
Star LLC
Star Partners
Quit Claim Deed
related
—
Aug 17, 1988
—
Star Partners
Hazzard,roger P&
Grant Deed
related
—
—
—
Star Partners
—
Deed Of Trust
related
$1,830,000 · Seafirst Bank
—
—
Star Partners
—
Deed Of Trust
related
$2,135,000 · Columbia State Bank
—
—
Spectrum Busn Park & Spectrum
—
Deed Of Trust
related
$4,200,000 · Kitsap FCU
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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