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Property profile & analytics
FOR LEASE
Commercial real estate

2000 S 314Th St Federal Way, WA 98003

113,925 SF 8.86 ac lot Built 1988
Individually Owned 20-yr Hold ~ Est. High Equity
Property ID
US90-0950240
Property summary
AI-generated overview

Hillside Plaza Shopping Center, located at 2000 S 314th St, Federal Way, WA 98003, presents a compelling retail investment opportunity in King County. This single-story, 113,925 square foot strip center boasts a prime location, just blocks from I-5, Highway 99, the Federal Way Transit Center, and the Commons, ensuring high visibility and accessibility. Currently, there are 24,026 square feet of vacant space available, divisible into units ranging from 4,865 square feet minimum to a maximum contiguous space of 10,205 square feet. The property features a strong existing tenant mix including Gene Juarez, Cortiva Institute, CSL Plasma, and various nail and beauty salons. The building is comprised of one building with a total of 113,925 square feet. Utilities such as water, sewer, electricity, and trash are not included in the net-net-net (NNN) lease terms. This well-positioned center offers significant potential for growth and income generation, making it an attractive investment for discerning buyers seeking a strong retail presence in a thriving community. The property's convenient location and established tenant base provide a solid foundation for future success. Five spaces are currently available for lease.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1988
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 113,925 SF
Lot 8.86 ac (385,818 SF)
Zoning code CC-F
APN 092104-9053
UPID US90-0950240
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
$15.86M
Owner & transaction history
Albert B Lebenzon · 20 yrs held
Albert B Lebenzon
since 2006
7 recorded transactions
2020
Price N/A
2006
Price N/A
2003
Price N/A
1993
$8.0M
1992
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
CC-F · Federal Way, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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