Federal Way, WA Commercial Real Estate for Sale

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27 properties

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Updated: Aug 8

Multi-Tenant Office Building

402 S 333rd St, Federal Way, WA 98003

$2,595,000

14,048 sqft 1.25 AC lot

Approximately 14,048 SF office building on approximately 54,798 SF of land
39 predominantly small‑format office units
Approximately 93.8% occupied
New roof, HVAC improvements, and lot paving
Tenant mix includes professional service, health, and beauty users

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Updated: Aug 12

Church Facility with Gymnasium

33901 9th Ave S, Federal Way, WA 98003

$2,900,000

11,556 sqft

11,556 SF facility on Lot 16A in West Campus Business Park
Approximately 6,000 SF gymnasium‑style open area
Current academy and religious facility use
OP zoning for compatible institutional and service‑oriented uses
New central HVAC system installed in 2024

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Midscale Hotel with Indoor Pool

1400 S 348th St, Federal Way, WA 98003

$6,600,000

39,673 sqft 2.06 AC lot

Midscale franchised hotel with 65 rooms, business center, fitness center, and indoor pool, built in 2002 and renovated in 2020.

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See what stands out in King County

We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

We check every listing here. A few are worth a second look.

Cap Rate available after sign in

NOI available after sign in

Local Demand available after sign in

Zoned Commercial Development Land

29223 S Pacific Hwy S, Federal Way, WA 98003

$1,100,000

0.60 AC lot

Commercial land with BC Community Business zoning and utilities available on-site, including sewer at the lower property edge.

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Class A Office Building

33405 8th Ave S, Federal Way, WA 98003

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114,408 sqft 10.41 AC lot

Office Park-zoned asset with multiple suites and substantial owner-user capacity.

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Class-A Self Storage Portfolio

35200 Pacific Highway South, Federal Way, WA 98003

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125,750 sqft

Two facilities combine storage units with uncovered parking areas across the Puget Sound market.

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Former Walmart Shopping Center

1900 S. 314th St, Federal Way, WA 98003

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128,711 sqft

Large-format retail property with flexible CCF-City Center Frame zoning and separate parcel options.

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Class-A Office Buildings For Sale

33810 - 33940 Weyerhaeuser Way South, Federal Way, WA 98001

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250,000 sqft

Four Class-A office buildings totaling 250,000 SF.

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Flat Corner Commercial Land Lot

1111 Enchanted Pkwy S, Federal Way, WA 98003

$425,000

0.76 AC lot

Flat corner lot with partial clearing and marked setbacks, offering substantial street frontage on SR 161.

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Standalone Retail Building For Lease

30650 Pacific Hwy S, Federal Way, WA

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9,998 sqft 0.98 AC lot

Remodeled retail building with high visibility and ample parking.

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Class-A Office Buildings For Sale

33810 - 33940 Weyerhaeuser Way South, Federal Way, WA 98001

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254,927 sqft

Four Class-A office buildings totaling 250,000 SF in Federal Way.

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Class A Office Building

2505 S 320th Street, Federal Way, WA 98003

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74,031 sqft

Prime office space near future Sound Transit Station.

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Four-Parcel Commercial Land

35415 SW 21st Ave, Federal Way, WA 98023

$1,500,000

Four parcels totaling 3.23 acres zoned Neighborhood Business (BN) for a range of commercial uses.

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Strip Mall Property

1805 S 316th St, Federal Way, WA 98003

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25,536 sqft

Retail-oriented commercial property with a substantial building footprint.

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Federal Way Office Space Available

1707-1727 S 341st Pl, Federal Way, WA 98003

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2,200 sqft

Office space in Federal Way with close access to I-5.

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Pet Grooming Retail Space

1620 S 312th St, Federal Way, WA 98003

$100,000

Operating pet grooming and daycare business with furniture, fixtures, equipment, and goodwill included in the sale.

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Federal Way Office Building

918 S 348th St, Federal Way, WA

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4,800 sqft 1.48 AC lot

Office building for sale in Federal Way, Washington.

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Mixed-Use Commercial Land Parcel

30600 Pacific, Federal Way, WA 98003

$1,500,000

Commercial lot in Federal Way offering potential for multi-unit rental or mixed-use development, subject to city approval.

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Commercial Land with Pacific Highway Access

27905 pacific Highway S, Federal Way, WA 98003

$425,950

Vacant commercial land with Pacific Highway frontage and two exits, previously excavated and ready for plans.

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Healthcare Facility with Conversion Flexibility

30640 Pacific Highway, Federal Way, WA 98003

$2,500,000

Facility with significant frontage exposure and existing healthcare/office flexibility for assisted living or clinics.

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Fully Equipped Nail Salon

34024 Hoyt Road, Unit E, Federal Way, WA 98023

$139,000

Includes manicure and pedicure stations, a private waxing room, and separate lunch and supply areas.

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Industrial Land with Single-Tenant NNN Lease

37504 Pacific Highway South, Federal Way, WA 98003

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348,480 sqft 8.00 AC lot

Vacant land parcel under a 5-year single-tenant triple net lease, with 6% cap rate noted.

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Land

31 32ND, Federal Way, WA 98003

$1,500,000

Commercial land

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BC-Zoned Commercial Land

31000 18th Ave S, Federal Way, WA 98003

$3,330,000

Parcel supports mixed-use development concepts under its business-commercial zoning.

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Federal Way, WA Commercial Real Estate Market Trends and Statistics

Explore 72 commercial real estate for sale in Federal Way, WA, showcased through 27 active listings on our real estate platform. These investment opportunities span a total of 1,441,368 square feet of properties for sale, with an estimated market value of $24,614,950.

Sale prices for business properties in Federal Way, WA start at $100,000, averaging $1,893,457, and reaching up to $6,600,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 138K

Population Growth (5Y) +4.6%

Median Household Income $91,533

College Educated 23.6%

High-Yield Neighborhoods for Investment

Identify Federal Way submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
98023	$139K
98003	$1.9M

Taxes & Financing

Tax Rate (average for all types) 1.01%

Property Tax per SF $9.26 per SF

Tax Rate vs County Average 0.17 pp above county avg

Average Loan-to-Value 65.0%

Property Size Breakdown

The majority of commercial real estate listings in Federal Way fall within the 100,000+ square foot range.

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