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    31830 Pacific Hwy South Federal Way, WA 98003

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    For Lease
    $25 SF/Yr

    Retail property near future light rail station and shopping mall.

    Property size:
    22,864 SF
    Lot size:
    22,864 SF

    Property Features for 31830 Pacific Hwy South

    General Information

    Size
    22,864 SF

    Building Details

    Year built
    1985

    Source: Yeh-Hee Hahn Agent Yeh-Hee Hahn

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

    Overview

    Retail Space Near Light Rail

    This retail space is centrally located on Pacific Highway, benefiting from a daily traffic count of almost 35,000. A Sound Transit Light Rail Station is under construction a few blocks away, with an estimated completion date in 2024. The property is situated minutes from The Commons Mall, Sound Transit Station, and various major retailers. The property size is 22864 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Federal Way
    County
    King
    State
    Washington
    Longitude
    -122.3125783
    Latitude
    47.3164947

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    FAQs

    What type of property is this?
    Retail space - Retail property near future light rail station and shopping mall.
    Where is this retail space located?
    The property is located at 31830 Pacific Hwy South 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: - Newly planned Sound Transit Light Rail Station a few blocks away (estimated completion 2024).; - Centrally located on Pacific Highway with high daily traffic count (almost 35,000).; - Minutes away from The Commons Mall.
    (253) 230-2412
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    31830 Pacific Hwy South 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
    31830 Pacific Hwy South Federal Way, WA 98003
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