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Financial
Distress signals
Property profile

33400 9Th Ave S Federal Way, WA 98003

FOR LEASE
Office buildings
Property ID
US90-1098259
59,572 SF 1.97 ac lot Built 1999
Last sale Jun 2022 · $8,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional two-story Class A office building, totaling 38,641 square feet, presents a rare opportunity in West Campus Federal Way. Built in 1999 and renovated in 2002, the property boasts a desirable location with convenient access to major transportation arteries, including I-5, Hwy-99, and Hwy-18. The building offers multiple tenancy options, with spaces ranging from a minimum of 960 square feet to a maximum contiguous space of 5,698 square feet. Currently, 15,711 square feet of space…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$59k
Tax billed · 2022
Assessed value$5.73M
Assessed land$1.03M
Assessed improvement$4.70M
Effective rate1.03%

Value estimate

· Oct 2026
$7.73M
$6.96M – $8.50M
AI approach$7.62M
Submarket $/SF estimate$8.76M
NOI build-up
Gross scheduled income$75k
Vacancy & credit loss−$16k
Operating expenses−$15k
NOI · 156,421.43% cap applied$44k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$288/SF
ZIP average, outlier-cleaned · 23 recorded sales of this use type
Observed band · Q1–Q3$123 – $395

Cap rate analysis

How does the asset earn?
156,421.43%
$44k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
OP
The Purpose of this district is to promote Office Park
General categoryOPEN_SPACE
JurisdictionKING

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility11.7
Garden Center11.6
Hotel & Motel11.5

Location

33400 9Th Ave S Federal Way, WA 98003
County assessor Recorded deeds · 10 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
720 333rd, Federal Way, WA 98003-7357 $3,416,000 Sep 2024 32,148 SF
530 336th, Federal Way, WA 98003-6383 $3,160,000 Sep 2024 12,700 SF
34001 Pacific S, Federal Way, WA 98003-7098 $6,950,000 May 2024 17,575 SF
32020 1st S, Federal Way, WA 98003-5717 $50,000 May 2023 17,460 SF
33710 9th S, Federal Way, WA 98003-6734 $4,500,000 Jan 2023 12,226 SF
181 333rd, Federal Way, WA 98003-7363 $2,660,000 Feb 2022 20,928 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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