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Medical Office Condo with Signage
For Lease
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918 S 348TH ST UNIT A, Federal Way, WA 98003

Clinic and administrative office space across from Franciscan Hospital.

Space Size4,800 SF
Days on Market155

Property Features for 918 S 348TH ST UNIT A

General Information

Standard status Active
Size 4,800 SF
Total Parking Spaces 58
Property subtype Office
Lease Type NNN

Space & Availability

Space Use Medical Office
Condition Turnkey

Amenities

exterior signage

Building Details

Building Size 4,800 SF
Year Built 1999
Tenancy Multiple

Spaces For Lease

at 918 S 348TH ST UNIT A Contact us

Available Space

Size
4,800 SF
Type
Office
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: Kidder Mathews South Seattle
Listed By: Spencer Clapp · License #WA
Source: Crexi
Added: Mar 31 Changed: Aug 31 Last Checked: Aug 30 at 5:23PM

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 Kidder Mathews South Seattle

Investment Insights

Based on property information with market context.

Unit A is a medical office condominium designed for clinic and administrative office functions. The building was constructed in 1999, providing an established setting for professional healthcare operations and related office use.

The property is positioned on a busy corner lot within Federal Way’s medical district, with highly visible frontage and exterior signage available. Franciscan Hospital is located across the street, placing the office directly within a healthcare-focused setting. The address is 918 S 348TH ST, UNIT A, Federal Way, WA.

Key Highlights

  • Medical office condominium configured for clinic and administrative office use
  • Located in Federal Way’s medical district
  • Across the street from Franciscan Hospital

Property Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Bakery Computer & Electronic Repair Pet Grooming Service Garden Center Florist

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
$4.50 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,585
Businesses Nearby
Well-served
Demand for This Use

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

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
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Similar Off Market Nearby

  • Federal Way Veterinarian Care 1220 S 356th St ste d-1, Federal Way, WA 98003
  • Dickerson Bendetta DVM 1115 S 348th St D, Federal Way, WA 98003
  • VCA Panther Lake Animal Hospital 1115 S 348th St, Federal Way, WA 98003
  • A Small Animal Hospital 1115 S 347th Pl, Federal Way, WA 98003
  • St Francis Hospital: Angermeier Fred C MD 34515 9th Ave S, Federal Way, WA 98003

Frequently Asked Questions

What type of property is this?
Medical Office Space - Clinic and administrative office space across from Franciscan Hospital.
Where is this medical office space located?
The property is located at 918 S 348TH ST UNIT A Federal Way, WA.
What is the lease rate?
The lease rate is $30 SF/Yr.
What are key features of this property?
This property features: Medical office condominium configured for clinic and administrative office use; Located in Federal Way’s medical district; Across the street from Franciscan Hospital
(206) 248-7316 Call to check price and availability
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