You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET
Retail properties & Spaces

348th 1St Ave Federal Way, WA 98003

17,954 SF
Property ID
Property summary
AI-generated overview

This exceptional 17,954 square foot mixed-use property, located at the intersection of S 348th St and 1st Avenue S in Federal Way, WA 98003, presents a unique investment opportunity. The property consists of ten buildings and offers a total of 17,954 square feet, with 3,090 square feet currently vacant and available for lease. The building is categorized as retail and office space, specifically designated as a medical office, outparcel/pad, and mixed-use development. Its strategic location offers high visibility and accessibility, situated directly adjacent to St. Francis Hospital and its West Campus offices. The property benefits from its proximity to the I-5 and SR-18 interchange, ensuring convenient access for patients and staff. Furthermore, the development sits in front of approximately 260 new apartments, providing a built-in customer base. High traffic volume is guaranteed with an average daily count of 32,345 vehicles on S 348th Street. This property is ideal for medical practices seeking a high-traffic, easily accessible location within a thriving community. The multiple tenancy structure allows for flexibility and potential for diverse revenue streams. King County location provides access to a large and growing population base. Don't miss this chance to secure a prime medical office space in a rapidly developing area.

Property profile
Verified
Property type Retail properties & Spaces
Total area 17,954 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 348th 1St Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message