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Property profile & analytics
OFF-MARKET Estimated value $7,180,000
Distribution properties

Federal Way, WA 98023

1,400 SF 6.78 ac lot Built 1954
Entity Owned 2-yr Hold Free & Clear
Property ID
US90-2114431
Property profile
Verified
Property type Distribution properties
Use group BUS TERMINAL
Year built 1954
Total area 1,400 SF
Lot 6.78 ac (295,435 SF)
Zoning code RS7.2
APN 242103-9008
UPID US90-2114431
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
$7.18M
Owner & transaction history
Prospect Development LLC · 2 yrs held
Prospect Development LLC
since 2023
Last sale
$7.2M
5 recorded transactions
2023
$1.6M
2023
$6.9M
2022
Price N/A
1993
$1.2M
1990
$1.1M
Zoning & alternative use
RS7.2 · Federal Way, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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, 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.…

Zone name Single Family 1 Unit Per 7200 Square Feet
General category RESIDENTIAL
Zone area 3,961.74 ac
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