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    33801 1St Way S Federal Way, WA 98003

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    For Lease
    $27 SF/Yr ($6,804 /Mo)

    Office suites with abundant parking, easy access to freeways.

    Property size:
    3,024 SF
    Lot size:
    2.53 Acres

    Property Features for 33801 1St Way S

    General Information

    Size
    3,024 SF
    Lot size
    2.53 Acres

    Source: NWC-KV LLC Agent Max White

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

    Overview

    Federal Way Office Space Available

    This office space, encompassing 3,024 square feet, is available for rent. The property features abundant free parking and monument signage opportunities. Select suites include private decks. Its location provides easy access to I-5 and SR-18, and it is in close proximity to Virginia Mason Hospital, St. Francis Hospital, and the surrounding medical community.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Federal Way
    County
    King
    State
    Washington
    Longitude
    -122.3295341
    Latitude
    47.298516

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    FAQs

    What type of property is this?
    Office space - Office suites with abundant parking, easy access to freeways.
    Where is this office space located?
    The property is located at 33801 1St Way S Federal Way, WA.
    What is the lease rate?
    The lease rate is $27 SF/Yr.
    What are key features of this property?
    This property features: - Easy access to I-5 & SR-18; - Abundant free parking; - Close proximity to Virginia Mason Hospital, St. Francis Hospital and medical community
    (206) 787-1463
    Request Owner's contact information
    33801 1St Way 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
    33801 1St Way S Federal Way, WA 98003
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