Realmo Analytics

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Property profile

33702 21st SW Ave Federal Way, WA 98023

OFF-MARKET
Outlet malls
Property ID
US90-1694083
195,246 SF 15.52 ac lot Built 1991
Last sale Nov 2013 · $16,746,413
Entity Owned Owner of record is a legal entity (LLC / corporation). 12-yr Hold Held for 12 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a retail space located within a Fred Meyer-anchored shopping center, positioned off 21st Avenue SW and SW Campus Drive. The site is described as having frontage in an area with a combined traffic count of approximately 36,000 cars per day, and it is provided with parking and access designed to support retail traffic. The retail space comprises approximately 7,380 square feet.

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?
$204k
Tax billed · 2022
Assessed value$18.84M
Assessed land$13.52M
Assessed improvement$5.32M
Effective rate1.08%

Value estimate

· Oct 2026
$24.40M
$21.96M – $26.83M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$392/SF
County average, outlier-cleaned · 399 recorded sales of this use type
Observed band · Q1–Q3$181 – $680

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?
BN
The Purpose of this district is to promote Neighborhood Business
General categoryCOMMERCIAL
JurisdictionKING

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency52.4
Restaurant46.2
Dental Office42.1

Location

33702 21st SW Ave Federal Way, WA 98023-7762
County assessor Recorded deeds · 3 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

17 properties in this city
Recent sales nearby
No comparable recorded sale in this ZIP
No comparable recorded sale in this ZIP. Our records hold no sale here we could set beside this property for the last 8 years, so the properties below are drawn from the whole city. They are neighbours, not transactions.
Comparable in this city
6 properties of the same type in this city
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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