Property profile

35419 1st S Ave Federal Way, WA 98003

OFF-MARKET
Assisted living facilities
Property ID
US90-1303840
141,240 SF 12.63 ac lot Built 1998
Individually Owned ~ Est. High Equity
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Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1998
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 141,240 SF
Lot 12.63 ac (550,285 SF)
Zoning code RS7.2
APN 302104-9024
UPID US90-1303840

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Retirement Community

Location

35419 1st S Ave Federal Way, WA 98003-7026
Federal Way metro Census 30310 SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$2.02M

Owner & transaction history

since 2025
7 recorded transactions
2025
Price N/A
2025
Price N/A
2018
Price N/A
2007
Price N/A
2007
Price N/A
1999
Price N/A
1996
$630,000

Zoning & alternative use

RS7.2 · Federal Way, WA
Zoning description

means the following zones: RM, RS 5.0, RS 7.2, RS 9.6, and comparable zones in other jurisdictions. “Home occupation” means an occupation, enterprise, activity or profession which is incidental to a residential use, whic…

General category RESIDENTIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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