Strip Mall
For Sale
Contact for pricing
1805 S 316th St, Federal Way, WA 98003
Retail-oriented commercial property with a substantial building footprint.
Property Size25,536 SF
Price / SF$293.70
Days on Market197
Property Features for 1805 S 316th St
General Information
Standard status
Active
Size
25,536 SF
Property subtype
Retail
Listing Agency:
RealtyAll.com
Listed By:
Brian Do · License #WA
(206) 436-4989
Source:
Crexi
Added: Apr 4
Changed: Oct 1
Last Checked: Oct 16 at 8:22AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RealtyAll.com
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Investment Insights
Based on property information with market context.
This strip mall property offers 25,536 square feet of commercial space for sale. The asset is located at 1805 S 316th St in Federal Way, Washington, providing a defined retail-oriented commercial setting.
Key Highlights
- 25,536 square feet of commercial space
- Located at 1805 S 316th St, Federal Way, WA 98003
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$456,804
Cap Rate
6.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,136,080
$9.1M
Cap Rate 7%
$6,525,771
$6.5M
Cap Rate 9%
$5,075,600
$5.1M
Market Conditions
NOI Build-Up for 25,536 SF
Gross rent
$674.2K $26.40/SF
− Vacancy
−$21.6K −$0.84/SF
EGI
$652.6K $25.56/SF
− OpEx
−$195.8K −$7.67/SF
NOI
$456.8K $17.89/SF
Area
King County, WA
Vacancy
3.20%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,136,080
Cap Rate 7%
$6,525,771
Cap Rate 9%
$5,075,600
Alternative Uses
Best Use
Retail
$6.53M
$5.71M – $7.61M
NOI $456,804 @ 7.0% cap · market cap 6.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.23M
$8.95M – $11.93M
NOI $715,948 @ 7.0% cap · market cap 9.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,894
Businesses Nearby
1M
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 26%
Dining 24%
Superstores 21%
Apparel 14%
Target
Superstores
128,173 visits/mo
0.4 miles
Walmart
Superstores
88,513 visits/mo
0.3 miles
Safeway
Groceries
51,331 visits/mo
0.5 miles
T.J. Maxx
Apparel
50,639 visits/mo
0.1 miles
McDonald's
Dining
44,198 visits/mo
0.4 miles
Demographics for 98003, WA
51,751
Population
20,380
Households
2.5
Avg Household Size
37
Median Age
28%
College-Educated
88%
High-School Grad
11.5 sq mi
ZIP Area
4,500
Density / Sq Mi
$70,800
Median Household Income
$39,497
Median Earnings
$1,650
Median Rent
$428,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Strip mall - Retail-oriented commercial property with a substantial building footprint.
Where is this strip mall located?
The property is located at 1805 S 316th St Federal Way, WA.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: 25,536 square feet of commercial space; Located at 1805 S 316th St, Federal Way, WA 98003
