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    Property profile & analytics

    901 348th St Federal Way, WA 98003

    • Parking lots & garages
    • 8.54 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US90-1918155
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Parking lots & garages

    Property Details for 901 348th St

    Lot size
    8.54 lot acres
    Zone code
    CE
    Property type
    Parking lots & garages
    APN
    202104-9028
    APU
    2021049028

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Federal Way
    County
    King
    State
    Washington
    Longitude
    -122.323
    Latitude
    47.2889
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $12,622
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      8.93 Acres

      1801 Enchanted S Pkwy

      PARKING LOT • 8.93 Acres
      1801 Enchanted S Pkwy, Federal Way, WA 98003
      View Details
    • Value Estimation by Request
      331,874 SF

      31699 23rd S Ave

      PARKING GARAGE, PARKING STRUCTURE • 331,874 SF
      31699 23rd S Ave, Federal Way, WA 98003-5046
      View Details
    • Value Estimation by Request
      1.65 Acres

      2460 320th St

      PARKING LOT • 1.65 Acres
      2460 320th St, Federal Way, WA 98003-5419
      View Details
    • Value Estimation
      $300,000
      1.06 Acres

      130 340th St

      PARKING LOT • 1.06 Acres
      130 340th St, Federal Way, WA 98003-6601
      View Details
    • Value Estimation
      $290,000
      0.56 Acres

      30800 Pacific S Hwy

      PARKING LOT • 0.56 Acres
      30800 Pacific S Hwy, Federal Way, WA 98003-4902
      View Details
    • Value Estimation by Request
      11.29 Acres

      Federal Way, WA 98003

      PARKING LOT • 11.29 Acres
      Federal Way, WA 98003
      View Details

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      Commercially Zoned Land For Sale

      Commercially zoned land near I-5 and various businesses.
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    Similar Nearby for Lease

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      Federal Way Automotive Shop Space

      7,950 SF shop with ample parking in Federal Way.
      34611 16Th Ave S, Federal Way, WA 98003
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      View Details
    • Contact for pricing
      2,834 SF

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      Retail space available for lease in Federal Way, Washington.
      32011-32081 Pacific Hwy S, Federal Way, WA 98003
      View Details
    • $14 SF/Yr
      2,200 SF

      Federal Way Retail Space Available

      2,200 SF retail space in Federal Way's retail core.
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    • $32 SF/Yr
      5,940 SF

      Retail Space in Federal Way

      Retail space available in a busy Federal Way shopping center.
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      View Details
    • $25 SF/Yr
      26,540 SF

      Federal Way Retail Center

      High-visibility retail spaces available
      32018 23Rd Ave, Federal Way, WA 98003
      View Details

    Property Visit Statistics

    • Visits by month
      0
    • Visitors by month
      9.2k
    • Avg Time on site
      7 min
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    901 348th St
    Federal Way, WA 98003
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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