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Property profile

1707 341st Pl Federal Way, WA 98003

OFF-MARKET
Office buildings
Property ID
US90-1228256
4,400 SF 1.26 ac lot Built 1980
Last sale Feb 2018 · $1,340,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 8-yr Hold Held for 8 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The Fortune Building is a multi-tenant office/flex property consisting of a 13,200-square-foot building on a 54,901-square-foot lot in Federal Way, Washington, positioned just north of a Walmart Supercenter and Federal Way Crossings. The building is leased to six tenants under NNN lease structures and is configured as office/flex space suitable for multiple occupants. It has undergone recent capital improvements, including a roof replacement and HVAC system upgrades, supporting a stabilized operational configuration.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$19k
Tax billed · 2022
Assessed value$1.66M
Assessed land$824k
Assessed improvement$832k
Effective rate1.14%

Value estimate

· Oct 2026
$1.05M
$941k – $1.15M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$288/SF
ZIP average, outlier-cleaned · 23 recorded sales of this use type
Observed band · Q1–Q3$123 – $395

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
CE
The Purpose of this district is to promote Commercial Enterprise
General categoryCOMMERCIAL
JurisdictionKING

Location intelligence

Which uses thrive at this corner?
Best fit: Tailor Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Tailor Shop9.6
Bakery9.1
Parking Facility8.7

Location

1707 341st Pl Federal Way, WA 98003-6867
County assessor Recorded deeds · 8 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
33308 13th S, Federal Way, WA 98003-6390 $1,550,000 Apr 2025 6,316 SF
1814 324th, Federal Way, WA 98003-8582 $400,000 Jan 2025 6,096 SF
34400 Pacific S, Federal Way, WA 98003-7830 $1,500,000 May 2023 6,000 SF
204 348th, Federal Way, WA 98003-7041 $1,100,000 Oct 2022 2,982 SF
35717 Pacific S, Federal Way, WA 98003-7447 $795,000 Mar 2021 3,072 SF
1045 320th, Federal Way, WA 98003-5179 $1,162,500 Sep 2020 3,765 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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