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Property profile & analytics
OFF-MARKET Estimated value $5,530,000
Grocery and convenience stores

1618 Dash Pt Rd Federal Way, WA 98023-4530

36,074 SF 0.89 ac lot Built 2004
Entity Owned 11-yr Hold ~ Est. High Equity
Property ID
US90-2254496
Property summary
AI-generated overview

Dash Point Village offers a unique retail opportunity in the desirable Dash Point, WA neighborhood. This strip center boasts two available spaces, totaling up to 15,432 square feet, including a mezzanine. One space measures 2,065 square feet, while the other offers 10,038 square feet. These spaces are situated adjacent to a Grocery Outlet, providing excellent synergy and high visibility. The property sits on a five-acre lot and was built in 1985. Currently, 31,823 square feet of the building is vacant. The spaces are delivered as a demised shell with all utilities stubbed to the premises. High ceilings, exceeding 18 feet in most areas, provide ample space and flexibility for various retail uses. The asking rent is $14.00 per square foot, triple net (NNN), with NNN expenses at $5.25 per square foot. Tenants benefit from exclusive use of the signage parapet. The strong trade area includes recently opened or leased businesses such as Amazon Fresh, Carbon Health, Habit Burger, Pet Supplies Plus, Sleep Number, Trader Joe's, Chick-fil-A, Red Robin, and 85C Bakery Café, indicating a thriving and desirable retail environment. This presents a compelling opportunity for businesses seeking high-traffic locations in a well-established King County community. The property is located in King County.

Property profile
Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 2004
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 36,074 SF
Lot 0.89 ac (38,684 SF)
Zoning code BN
APN 189880-0020
UPID US90-2254496
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
$5.53M
Owner & transaction history
Dp Market LLC · 11 yrs held
Dp Market LLC
since 2015
7 recorded transactions
2022
Price N/A
2020
Price N/A
2017
Price N/A
2015
$4.9M
2010
Price N/A
2010
Price N/A
2009
Price N/A
Zoning & alternative use
BN · Federal Way, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

used principally for the transportation of commodities, vehicles, merchandise, produce, freight, or animals; as well as any bulldozers, backhoes, cranes, or similar construction equipment. “ Commercial zones ” means the BN, BC, CC-C and CC-F zoning districts. “ Common space ” means an area within a development, which is used primarily by the occupants of tha…

Zone name Neighborhood Business
General category COMMERCIAL
Zone area 123.78 ac
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