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    32036 23Rd Ave S Federal Way, WA 98003

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    For Lease
    $25 SF/Yr ($2,052 /Mo)

    Two retail spaces available for lease in Federal Way.

    Property size:
    985 SF
    Lot size:
    2.01 Acres

    Property Features for 32036 23Rd Ave S

    General Information

    Size
    985 SF
    Lot size
    2.01 Acres

    Source: Timothy Johnson Commercial Properties, LLC Agent Margot Johnson

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

    Overview

    Retail Spaces in Federal Way

    Two retail spaces are available for lease at Federal Way Towne Square. The spaces feature a mostly open floor plan, a restroom at the back, and a back door. Box signage is available on the building fascia, and a monument sign is positioned to attract traffic at the lighted intersection of 320th St and 23rd Ave. The spaces are located side by side within the shopping center and could be combined. Federal Way Towne Square is located just off Interstate 5 at the S. 320th St. exit, offering ample parking and access. The property is located near tenants such as UW Medicine Federal Way Clinic, Apple Physical Therapy, I-5 Drive School, and Sign-A-Rama. The property size is 985 square feet.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant 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.

    Similar Places Nearby

    Coinstar Kiosk | Bitcoin ATM, Coinstar Kiosk, Neon Plaza, Larkspur Center, Sola Salon Studios

    Location Insight

    • Map
    • Local Demand
    City
    Federal Way
    County
    King
    State
    Washington
    Longitude
    -122.303029
    Latitude
    47.3139052

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    FAQs

    What type of property is this?
    Shopping center - Two retail spaces available for lease in Federal Way.
    Where is this shopping center located?
    The property is located at 32036 23Rd Ave S Federal Way, WA.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: - Fantastic location just off Interstate 5 at the S. 320th St. exit.; - High visibility with box signage on the building fascia and monument sign at a lighted intersection.; - Ample parking and easy access.
    (253) 209-9998
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    32036 23Rd Ave S Federal Way, WA 98003
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    Federal Way, WA 98003
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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
    32036 23Rd Ave S Federal Way, WA 98003
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