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Financial
Distress signals
Property profile

2400 S 320Th St Federal Way, WA 98003

FOR SALE
Turn key restaurants
Property ID
US90-0194699
10,350 SF 1.87 ac lot Built 1977
Last sale Dec 2009 · $2,075,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 14-yr Hold Held for 14 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This retail space is located in Federal Way’s Central Business District along S 320th Street and features approximately 275 feet of frontage with direct street access. The property fronts South 320th Street, a primary retail and commercial corridor in the area, and is positioned to serve high-volume traffic along the roadway.

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?
$32k
Tax billed · 2022
Assessed value$2.93M
Assessed land$2.28M
Assessed improvement$651k
Effective rate1.09%

Value estimate

· Oct 2026
$750k
$675k – $825k
AI approach$460k
Submarket $/SF estimate$1.04M

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$499/SF
Submarket average, outlier-cleaned · 29 recorded sales of this use type
Observed band · Q1–Q3$226 – $719
Qualifying comparables3

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?
CC-C
JurisdictionKING

Location intelligence

Which uses thrive at this corner?
Best fit: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service11.7
Garden Center11.0
Storage Facility11.0

Location

2400 S 320Th St Federal Way, WA 98003
County assessor Recorded deeds · 4 transfers 3 qualifying comp sales 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 · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1401 324th, Federal Way, WA 98003-8476 $1,500,000 Mar 2025 10,365 SF
30650 Pacific S, Federal Way, WA 98003-4824 $3,555,000 May 2024 9,998 SF
27721 Pacific S, Federal Way, WA 98003-2403 $567,000 Oct 2023 11,785 SF
31140 Pacific S, Federal Way, WA 98003-4994 $2,450,000 Aug 2023 10,336 SF
1710 344th, Federal Way, WA 98003-6851 $3,650,000 Jun 2022 13,220 SF
33012 Pacific S, Federal Way, WA 98003-6410 $4,200,000 May 2020 9,135 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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