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Property profile & analytics
OFF-MARKET
Estimated value
$3,415,000
Office buildings
720 333rd St Federal Way, WA 98003-7357
Individually Owned
1-yr Hold
Free & Clear
Property ID
US90-3351124
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Construction
FRAME
Total area
32,148 SF
Lot
1.02 ac (44,331 SF)
Zoning code
OP
APN
926500-0170
UPID
US90-3351124
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
$3.42M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.70M
Blend (final)
Blend
$3.42M
Owner & transaction history
South King Fire · 1 yrs held
South King Fire
since 2024
Last sale
$3.4M
7 recorded transactions
Zoning & alternative use
OP · 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
$3,415,000
ML approach
$3,415,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.42M
Range $3.07M – $3.76M · ±10% · vs last sale $3.42M (Sep 16 2024)
Last sale anchor
$3.42M
Sep 16 2024
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
$106 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$35,737
Tax year 2024
Assessed value
$3,076,800
Assessed 2023
Previous assessed
$3,076,800
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$531,900
Assessed improvement
$2,544,900
Land market value
$531,900
Improvement market value
$2,544,900
Total market value
$3,076,800
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1984
Construction
FRAME
Heating
HEAT PUMP
Stories
2
Total area
32,148 SF
Lot
1.02 ac (44,331 SF)
Zoning code
OP
APN
926500-0170
UPID
US90-3351124
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
OP · Federal Way, WA
Zoning OP · permitted uses
OP · 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
1984
Construction
FRAME
Heating
HEAT PUMP
Stories
2
Lot
1.02 ac
Current owner
From public records · entity-resolved
South King Fire
Individual
Free & Clear · 1 yrs held
Mailing address
31617 1ST AVE S STE #218, FEDERAL WAY, WA 98003-5201
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 16, 2024
$3,416,000
South King Fire
Olympic Building Of Federal Way LLC
Warranty Deed
—
Dec 30, 2020
—
Olympic Bldg Of Fedl Way LLC
—
Deed
related
$1,350,000 · Heritage Bk
Apr 21, 2009
—
Olympic Building Of Federal Wa
Rhodes,patrick W & Karen
Quit Claim Deed
related
—
Jun 23, 2004
$2,050,000
Patrick W Rhodes
Olympic Office Center LP
Grant Deed
$1,537,500 · Executive House INC
Sep 2, 1997
—
Olympic Office Center LP
Obara,fukiko
Grant Deed
$1,100,000 · Continental Savings Bank
May 5, 1992
$1,400,000
Olympic Office Center Ltd P
Weyerhaeuser Mor
Grant Deed
$1,120,000 · Weyerhaeuser Mortgage Co
—
—
Olympic Bldg Of Fedl Way LLC
—
Loan Modification
related
$1,350,000 · Heritage Bk
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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