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    32114 1St Ave S, Unit 101 Federal Way, WA 98003

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    For Sale
    Contact for pricing

    Prime investment opportunity in the thriving Seattle MSA market.

    Property Features for 32114 1St Ave S

    General Information

    Zoning
    PO

    Building Details

    Year built
    1984

    Source: Skip Rotticci, CCIM Agent Skip Rotticci, CCIM

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

    Overview

    Fully Occupied Seattle MSA Property

    This 2,181 square foot property, constructed in 1984, features 8 units and maintains a 100% occupancy rate. Zoned PO, the well-maintained building offers versatility for various potential uses, making it suitable for office or medical investors. Its location provides convenient access to major transportation routes, including I-5 and Highway 18. Situated near prominent business centers and commercial districts, the area presents investment potential for office building investors. Nearby attractions such as the Federal Way Commons and The Commons at Federal Way offer retail, dining, and entertainment options. The property's location within the dynamic Seattle MSA market and its strong occupancy history make it a compelling choice for those seeking to expand their commercial real estate portfolio, offering excellent potential for long-term returns.
    Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

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

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

    Similar Places Nearby

    Mirror Lake Veterinarian, Balance Veterinary Medicine, Lee Seung DVM

    Location Insight

    • Map
    • Local Demand
    City
    Federal Way
    County
    King
    State
    Washington
    Longitude
    -122.333985
    Latitude
    47.3139317

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    FAQs

    What type of property is this?
    Medical office - Prime investment opportunity in the thriving Seattle MSA market.
    Where is this medical office located?
    The property is located at 32114 1St Ave S, Unit 101 Federal Way, WA.
    What are key features of this property?
    This property features: - 100% Occupancy Rate: Provides immediate and consistent cash flow.; - Prime Location in Seattle MSA: Offers access to a dynamic and growing market.; - 8 Units: Provides a diversified income stream within a single property.
    (503) 314-0527
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    32114 1St Ave S, Unit 101 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
    32114 1St Ave S, Unit 101 Federal Way, WA 98003
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