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    1618 Dash Point Rd Federal Way, WA 98023

    For Lease
    $14 SF/Yr

    Prime King County retail space, two units available.

    Lot size:
    12,103 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    Dash Point Village offers a unique retail opportunity in the desirable Dash Point, WA neighborhood. This strip center boasts two available spaces, totaling up to 15,432 square feet, including a mezzanine. One space measures 2,065 square feet, while the other offers 10,038 square feet. These spaces are situated adjacent to a Grocery Outlet, providing excellent synergy and high visibility. The property sits on a five-acre lot and was built in 1985. Currently, 31,823 square feet of the building is vacant. The spaces are delivered as a demised shell with all utilities stubbed to the premises. High ceilings, exceeding 18 feet in most areas, provide ample space and flexibility for various retail uses. The asking rent is $14.00 per square foot, triple net (NNN), with NNN expenses at $5.25 per square foot. Tenants benefit from exclusive use of the signage parapet. The strong trade area includes recently opened or leased businesses such as Amazon Fresh, Carbon Health, Habit Burger, Pet Supplies Plus, Sleep Number, Trader Joe's, Chick-fil-A, Red Robin, and 85C Bakery Café, indicating a thriving and desirable retail environment. This presents a compelling opportunity for businesses seeking high-traffic locations in a well-established King County community. The property is located in King County.

    Property Features for 1618 Dash Point Rd

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    12,103 SF

    Building Details

    Year Built
    1985

    Unit(s) available at that property

    Space
    Retail One
    Size
    2,065 SF
    Rate per SF
    $16
    Space
    Retail Two
    Size
    10,038 SF
    Rate per SF
    $14

    HighLights

    • Retail strip center in King County.
    • Multiple tenancy with 31,823 square feet vacant.
    • Two available spaces ranging from 2,065 to 10,038 square feet (up to 15,432 sf with mezzanine).
    • Located in Dash Point, WA, adjacent to Grocery Outlet.
    • Asking rent: $14.00 NNN, with NNN expenses at $5.25/SF.
    • High ceilings (over 18 feet) in most areas.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Federal Way
    County
    King
    State
    Washington
    Longitude
    -122.3552126
    Latitude
    47.3237307

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    FAQs

    What type of property is this?
    Neighborhood center - Prime King County retail space, two units available.
    Where is this neighborhood center located?
    The property is located at 1618 Dash Point Rd Federal Way, WA.
    What is the lease rate?
    The lease rate is $14-$16 SF/Yr.
    What are key features of this property?
    This property features: Retail strip center in King County.; Multiple tenancy with 31,823 square feet vacant.; Two available spaces ranging from 2,065 to 10,038 square feet (up to 15,432 sf with mezzanine).
    Request Owner's contact information
    1618 Dash Point Rd Federal Way, WA 98023
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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
    1618 Dash Point Rd Federal Way, WA 98023
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