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Property profile

27500 16th S Ave Federal Way, WA 98003

OFF-MARKET
Warehouses
Property ID
US90-1497639
12,200 SF 0.86 ac lot Built 1968
Last sale Mar 2025 · $3,200,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This Federal Way industrial property presents a compelling sale-leaseback opportunity, offering up to a three-year leaseback arrangement. The 12,200 square foot warehouse, built in 1968, sits on a 1.19-acre lot (APN: 3322049170, 3322049217) zoned CB. The building boasts a 16-foot ceiling height and includes valuable features such as a wash bay and an oil-water separator. Strategically located at 27500 16th Ave S, Federal Way, WA 98003, this property enjoys convenient access to Pacific…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$17k
Tax billed · 2022
Assessed value$1.58M
Assessed land$598k
Assessed improvement$980k
Effective rate1.09%

Value estimate

· Oct 2026
$2.74M
$2.46M – $3.01M
CAP approach$2.29M
Submarket $/SF estimate$2.26M

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$287/SF
County average, outlier-cleaned · 375 recorded sales of this use type
Observed band · Q1–Q3$185 – $465
Qualifying comparables4

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
BC
The Purpose of this district is to promote Community Business
General categoryCOMMERCIAL
JurisdictionKING

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm21.0
Realty agency15.2
Hair Salon14.0

Location

27500 16th S Ave Federal Way, WA 98003-2352
County assessor Recorded deeds · 5 transfers 4 qualifying comp sales 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
1710 341st, Federal Way, WA 98003-8998 $13,750,000 Sep 2023 11,040 SF
1720 341st, Federal Way, WA 98003-8994 $13,750,000 Sep 2023 11,040 SF
1620 341st, Federal Way, WA 98003-6888 $13,750,000 Sep 2023 11,040 SF
1704 341st, Federal Way, WA 98003-7800 $13,750,000 Sep 2023 10,920 SF
801 336th, Federal Way, WA 98003-6310 $14,405,000 Mar 2023 16,441 SF
34202 16th S, Federal Way, WA 98003-7828 $21,500,000 May 2022 15,184 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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