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Property profile & analytics
OFF-MARKET
Commercial land
803 348th St Federal Way, WA 98003-7020
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US90-0078718
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1950
Total area
1,370 SF
Lot
0.57 ac (25,000 SF)
Zoning code
CE
APN
202104-9087
UPID
US90-0078718
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Bigfoot Properties Xlv LLC
Bigfoot Properties Xlv LLC
since 2026
7 recorded transactions
Zoning & alternative use
CE · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2022Property tax & assessments
Tax year 2022
Tax billed
$4,084
Tax year 2022
Assessed value
$300,000
Assessed 2022
Previous assessed
$300,000
+0.0% YoY
Effective rate
1.36%
On assessed value
Assessed land
$300,000
Land market value
$300,000
Total market value
$300,000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1950
Heating
BASEBOARD
Stories
1
Bathrooms
2
Total area
1,370 SF
Lot
0.57 ac (25,000 SF)
Zoning code
CE
APN
202104-9087
UPID
US90-0078718
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CE · Federal Way, WA
Zoning CE · permitted uses
CE · 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
1950
Heating
BASEBOARD
Stories
1
Bathrooms
2
Lot
0.57 ac
Current owner
From public records · entity-resolved
Bigfoot Properties Xlv LLC
Entity
Mailing address
6124 PANORAMA DR NE, TACOMA, WA 98422-1219
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 6, 2026
$1,250,000
Bigfoot Properties Xlv LLC
Davis Steven
Warranty Deed
—
Feb 11, 2026
—
Bigfoot Properties Xlv LLC
Steve E Davis
Deed
—
Nov 14, 2025
—
Steven Davis
—
Deed
related
$150,000 · First Citizens Bank & Trust Co
Oct 18, 2023
—
Ernest A Reinhard
—
Deed
related
$200,000 · Ernest A Reinhard
Oct 16, 2023
—
Steve Davis
—
Deed
related
$200,000 · Ernest A Reinhard
Mar 5, 2019
—
Steve Davis
—
Deed
related
$200,561 · Banner Bank
Mar 9, 2009
$191,250
Steve Davis
Mchugh,john B & Patricia
Grant Deed
—
Apr 12, 2007
$375,000
John B Mchugh
Pircey,joseph
Grant Deed
—
—
—
Steven E Davis
—
Deed Of Trust
$262,500 · Banner Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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