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    1200 S 324Th St Federal Way, WA 98023

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    For Lease
    $24 SF/Yr ($900 /Mo)

    Retail space in Federal Way, near major retailers.

    Property size:
    450 SF
    Lot size:
    1.19 Acres

    Property Features for 1200 S 324Th St

    General Information

    Size
    450 SF
    Lot size
    1.19 Acres

    Source: Lee & Associates Commercial Real Estate Services Agent Yeh-Hee Hahn

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

    Overview

    Retail Space Near The Commons

    This retail space is located in Neon Plaza in Federal Way, near The Commons and other major retailers. The Commons is a regional mall in Federal Way and home to Amazon Fresh, Dick's Sporting Goods, Target, Kohls, Century Theater and many other national retailers. The property benefits from ample parking and easy access from Pacific Highway, with additional access from 324th & 11th Place S. The location experiences a traffic count of 40,000+ cars per day on Pacific Highway and 324th Street. The property offers 450 square feet of retail space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Federal Way
    County
    King
    State
    Washington
    Longitude
    -122.3175254
    Latitude
    47.3120506

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    FAQs

    What type of property is this?
    Strip mall - Retail space in Federal Way, near major retailers.
    Where is this strip mall located?
    The property is located at 1200 S 324Th St Federal Way, WA.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: - High traffic count (40,000+ CPD) on Pacific Highway and 324th Street.; - Central location in Federal Way near The Commons.; - Proximity to major retailers including Amazon Fresh, Dick's Sporting Goods, Target, Kohls, and Century Theater.
    (253) 230-2412
    Request Owner's contact information
    1200 S 324Th St Federal Way, WA 98023
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    Federal Way, WA 98023
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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
    1200 S 324Th St Federal Way, WA 98023
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