Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    32020 1St Ave S Federal Way, WA 98003

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,300 /Mo ($9 SF/Yr)

    Large, upgraded plaza suitable for fitness, medical, office, or service.

    Property size:
    1,600 SF
    Lot size:
    1.91 Acres

    Property Features for 32020 1St Ave S

    General Information

    Size
    1,600 SF
    Lot size
    1.91 Acres

    Source: Lotside LLC Agent Suneet Diwan

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Upgraded Plaza with Great Visibility

    This is a large upgraded plaza offering great visibility. The property is suitable for a variety of uses including fitness centers, medical facilities, churches, professional offices, and service-oriented businesses. The property has a size of 1600 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    The Quad Shopping Center

    Location Insight

    • Map
    • Local Demand
    City
    Federal Way
    County
    King
    State
    Washington
    Longitude
    -122.3335544
    Latitude
    47.3143732

    Nearby Similar for Lease

    • $1,050 /Mo
      3,500 SF

      Federal Way Church and Gathering Space

      Church and community space for lease in Federal Way.
      28815 Pacific Hwy S, Federal Way, WA 98003
      View Details
    • $25 SF/Yr
      985 SF

      Retail Spaces in Federal Way

      Two retail spaces available for lease in Federal Way.
      32036 23Rd Ave S, Federal Way, WA 98003
      View Details
    • Contact for pricing
      212,346 SF

      Federal Way Retail Space Available

      High-traffic retail space, 18,191 sq ft.
      35009 Enchanted Pkwy, Federal Way, WA 98003
      View Details
    • $14 SF/Yr
      12,103 SF

      Dash Point Village Retail Space

      Prime King County retail space, two units available.
      1618 Dash Point Rd, Federal Way, WA 98023
      View Details
    • $15 SF/Yr
      21,676 SF

      Campus Park Warehouse Space

      Federal Way industrial warehouse, 1 space available
      1112 344Th St, Federal Way, WA 98003
      View Details
    • Contact for pricing
      214,266 SF

      Federal Way Warehouse Space Available

      214,266 SF warehouse with office space in Federal Way.
      33855 Weyerhaeuser Way S, Federal Way, WA 98001
      View Details

    FAQs

    What type of property is this?
    Shopping center - Large, upgraded plaza suitable for fitness, medical, office, or service.
    Where is this shopping center located?
    The property is located at 32020 1St Ave S Federal Way, WA.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    What are key features of this property?
    This property features: - Large upgraded plaza; - Great visibility; - Suitable for fitness use
    (801) 358-1411
    Request Owner's contact information
    32020 1St Ave S Federal Way, WA 98003
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    32020 1St Ave S
    Federal Way, WA 98003
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    32020 1St Ave S Federal Way, WA 98003
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.