Multi-Tenant Office
New
For Sale
$2,595,000
402 S 333rd St, Federal Way, WA 98003
Small-format suites accommodate professional service, health, beauty, and other commercial occupants.
Property Size14,048 SF
Lot Size1.25 Acres
Price / SF$184.72
Days on Market2
Property Features for 402 S 333rd St
General Information
Standard status
Active
Size
14,048 SF
Lot size
1.25 Acres
Property subtype
Office
Occupancy
94%
Financials
Asking Price
$2,595,000
Cap Rate
7.03%
Additional Details
Office Units
39
Building Details
Buildings
1
Building Size
14,048 SF
Tenancy
Multi
Listing Agency:
NAI Puget Sound Properties
(425) 586-5608
Listed By:
Kyle Sterling · License #126435
Source:
Nai-psp
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 9 at 5:29AM
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 NAI Puget Sound Properties
Investment Insights
Based on property information with market context.
This multi-tenant office property includes approximately 14,048 square feet of building area across 39 predominantly small-format units. The suite configuration serves a mix of professional service, health, beauty, and other commercial occupants. Current occupancy is approximately 93.8%, and the property’s current cap rate is 7.03%.
The improvements sit on approximately 54,798 square feet of land at 402 S 333rd St in Federal Way, WA. Recent capital work includes a new roof, HVAC improvements, and lot paving. The site also provides ample parking for the office building and its occupants.
The improvements sit on approximately 54,798 square feet of land at 402 S 333rd St in Federal Way, WA. Recent capital work includes a new roof, HVAC improvements, and lot paving. The site also provides ample parking for the office building and its occupants.
Key Highlights
- Approximately 14,048 SF office building on approximately 54,798 SF of land
- 39 predominantly small‑format office units
- Approximately 93.8% occupied
Property Analytics
Current Use
Lease Details
39
Office units
93.8%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,069
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Small-format suites accommodate professional service, health, beauty, and other commercial occupants.
Where is this office building located?
The property is located at 402 S 333rd St Federal Way, WA.
What is the asking price?
The asking price for this property is $2,595,000.
What are key features of this property?
This property features: Approximately 14,048 SF office building on approximately 54,798 SF of land; 39 predominantly small‑format office units; Approximately 93.8% occupied
