Federal Way, WA 98003, Federal Way, WA 98003
37,250 SF industrial building in a prime location.
- Added:
- Jan 27, 2026
- Days on Market:
- 162
- Last Refresh:
- Apr 5 at 11:25 pm
Property Features
General Information
- Standard status
- Active
- Size
- 37,250 SF
- Property subtype
- Industrial
Listing office (425) 985-0633
Listing date Jan 27, 2026
Source Nmrk
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 Thad Mallory
HighLights
- Substantial 37,250 SF building suitable for industrial/manufacturing.
- Prime location in Federal Way, WA.
- Excellent accessibility to Interstates 5 and 405.
- Zoning as OP (Office Park) offers versatility for a range of commercial uses.
- Strategic position in a thriving business environment.
- Solid foundation for success in a dynamic market.
Overview
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $581.1k | $15.60 |
| − Vacancy | −$45.9k | −$1.23 |
| EGI | $535.2k | $14.37 |
| − OpEx | −$160.6k | −$4.31 |
| NOI | $374.6k | $10.06 |
Alternative Uses
Current Use by Public Records
Map
- City
- Federal Way
- County
- King
- State
- Washington
- Longitude
- -122.314
- Latitude
- 47.3073
