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Freestanding Office Condominium
For Lease
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33515 10th Place South, Federal Way, WA 98003

Includes a reception area, four private offices, a restroom, and storage.

Space Size988 SF
Days on Market15

Property Features for 33515 10th Place South

General Information

Standard status Active
Size 988 SF
Property subtype OFFICE
Lease Type NNN

Space & Availability

Space Use Office
Private Offices 4

Building Details

Year Built 1986
Construction Wood

Spaces For Lease

at 33515 10th Place South Contact us

Individual, 988 s.f. Building for Lease $18/SF/Yr

Size
988 SF
Type
OFFICE
Lease Type
NNN
Availability
AVAILABLE, Immediate
Free Standing, Office Condominium, Reception, 4 offices. 1 toilet and some storage....
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Listing Agency: Freitas Commercial Real Estate
Listed By: Mark Freitas, CCIM · License #201111221
Source: Moodyscre
Added: Sep 1 Changed: Sep 11 Last Checked: Sep 14 at 10:05AM

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 Freitas Commercial Real Estate

Investment Insights

Based on property information with market context.

This 988-square-foot office condominium is a freestanding commercial unit with a reception area, four offices, one toilet, and storage space. The building was constructed in 1986 with wood construction and composition roofing. Exterior signage is subject to the West Hill Court CC&Rs.

Key Highlights

  • 988‑square‑foot office condominium
  • Freestanding building with reception area and four offices
  • One toilet and dedicated storage space

Property Analytics

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Current Use

Office Units

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Tanning Salon Pet Grooming Service Florist Clothing & Fashion Store Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.70 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,790
Businesses Nearby

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

Lease Benchmarks for Federal Way, WA

$21.58 /SF/Yr
Avg Asking Price
$17–$28 /SF/Yr
Price Range
3,545 SF
Avg Space Size

This space is priced 17% below the average of $21.58 /SF/Yr.

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Includes a reception area, four private offices, a restroom, and storage.
Where is this office units located?
The property is located at 33515 10th Place South Federal Way, WA.
What is the lease rate?
The lease rate is $18 SF/Yr.
What are key features of this property?
This property features: 988‑square‑foot office condominium; Freestanding building with reception area and four offices; One toilet and dedicated storage space
(206) 947-3313 Call to check price and availability
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