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    1112 344Th St Federal Way, WA 98003

    For Lease
    $15 SF/Yr

    Federal Way industrial warehouse, 1 space available

    Lot size:
    21,676 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 2,062 square foot industrial warehouse space is located within Campus Park - Building 3 in Federal Way, WA. The property boasts a prime location, offering excellent access to major transportation arteries including I-5, SR-18, and SR-99, ensuring efficient logistics. This Class B building, constructed in 1979 and renovated in 1994, features a single story with an 18-foot ceiling height. The unit includes convenient amenities such as restrooms, a small office, and a reception area, ideal for light manufacturing or distribution businesses. The space is finished with new carpet and paint, showcasing high-quality construction. Tenants benefit from 3-phase power, ten 10' x 10' grade-level loading doors, and ample parking with 32 total spaces available across the building. The 1.94-acre lot (84,506 square feet) is zoned BP. The building's total square footage is 21,676, with 1,374 square feet currently vacant. The property's proximity to various businesses, banking institutions, restaurants, and retail services provides added convenience. This is a rare opportunity to secure a well-maintained and strategically located industrial space in the thriving Federal Way submarket (Southend cluster). APN: 202104-9099, 926480-0080.

    Property Features for 1112 344Th St

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    21,676 SF
    Class
    B
    Total Rate
    28178.8

    Building Details

    Year Built/Renovated
    1979/1994
    Stories
    1

    Unit(s) available at that property

    Space
    Ste 303
    Size
    2,062 SF
    Rate per SF
    $15

    HighLights

    • Suitable for light industrial and distribution uses, including small office space.
    • Each bay features a restroom, small office, and reception area.
    • Features newly carpeted and painted high‑quality interior.
    • Equipped with 3‑phase power.
    • Includes grade‑level loading doors (10' x 10').
    • Offers 14' clear ceiling height.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Building Supply Realty agency Wholesale Shop Dental Office Hair Salon Clothing Store Spa & Massage 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
    -122.3193055
    Latitude
    47.2942471

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    FAQs

    What type of property is this?
    Distribution property - Federal Way industrial warehouse, 1 space available
    Where is this distribution property located?
    The property is located at 1112 344Th St Federal Way, WA.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: Suitable for light industrial and distribution uses, including small office space.; Each bay features a restroom, small office, and reception area.; Features newly carpeted and painted high-quality interior.
    Request Owner's contact information
    1112 344Th St 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
    1112 344Th St Federal Way, WA 98003
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