Federal Way, WA 98023
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, which is carried on for profit or customarily carried on for profit and which is not an otherwise permitted use in the zone in which it occurs.…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
RS7.2 · Federal Way, WAmeans 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, which is carried on for profit or customarily carried on for profit and which is not an otherwise permitted use in the zone in which it occurs. “Horizontal dimension” means the length of the facade of a structure as measured along a plane, excluding eaves which extend out no more than 18 inches from the exterior walls of the structure. “Hospital” means an institution providing primary health services and medical or surgical care to persons, primarily inpatients, suffering from illness, disease, injury, deformity and other abnormal physical or mental conditions, and including, as an integral part of the institution, related facilities such as laboratories, outpatient facilities, extended care facilities and/or training facilities. “Hotel” or “motel” means a single building or group of buildings containing individual sleeping units intended for transient occupancy. (Ord. No. 25-1016, § 5, 6-3-25; Ord. No. 14-778, § 5, 11-18-14; Ord. No. 09-610, § 3(Exh. A), 4-7-09; Ord. No. 09-593, § 24, 1-6-09. Code 2001 § 22-1.8.) 19.05.090 I definitions. “Illegal nonconformance” means those uses, developments, or lots that were not legal when they were created or established and do not conform with current zoning regulations. This definition shall be applied to nonconforming lots, uses, and developments as defined in this chapter. “Improvement” means any structure or manmade feature, including but not limited to buildings, driveways, roads (with or without curbs or gutters), sidewalks, crosswalks, parking lots, water mains, sanitary and storm sewers, drainage facilities, and planted street trees. “Industrial-commercial zone” means the CE zoning district. “Industrial uses” means those uses allowed only in the CE zone as listed in FWRC 19.240.010 through 19.240.040 . “Inflatable advertising device” means an advertising device that is inflated by some means and used to attract attention, advertise, promote, market, or display goods and/or services. These devices include large single displays or displays of smaller balloons connected in some fashion to create a larger display. “Ingress/egress and utilities easement” means privately owned land used and legally committed, through easements, plat restrictions, or similar mechanisms, to providing access for vehicles and pedestrians to properties other than the property within the tract or easement.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.