The property is a commercial office building totaling 12,864 square feet. It is located at 32008 32nd Ave S in Federal Way, Washington, within an area providing access to major transportation routes and nearby communities. The building is configured as office space and is described as being occupied by Ko-Am TV, and it has been presented as an existing commercial building with an established occupant.

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?

$22k

Tax billed · 2022

Assessed value$2.06M

Assessed land$519k

Assessed improvement$1.54M

Effective rate1.05%

Value estimate

· Nov 2026

$1.94M

$1.74M – $2.13M

Submarket $/SF estimate$2.29M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?

$290/SF

Submarket average, outlier-cleaned · 50 recorded sales of this use type

Observed band · Q1–Q3$151 – $396

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?

OP-1

The Purpose of this district is to promote Office Park 1

General categoryOPEN_SPACE

JurisdictionKING

Location intelligence

Which uses thrive at this corner?

Best fit: Building Supply

Demand heat for this use is drawn on the map · LocInt grid

Demand index

Building Supply16.4

Wholesale Shop16.1

Auto Parts Store15.1

32008 32nd S Ave Federal Way, WA 98001-9625

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 · 18 properties nearby

Address Sale price Sold Size

1302 26th NW, Auburn, WA 98001-1604 $7,090,000 Jan 2026 10,500 SF

32129 Weyerhaeuser S, Federal Way, WA 98001-9801 $4,850,000 Feb 2024 30,240 SF

30682 Military S, Auburn, WA 98001-3215 $450,000 Sep 2021 1,920 SF

508 Main, Auburn, WA 98001-5227 $555,000 Jun 2020 1,752 SF

3450 344th, Federal Way, WA 98001-9540 $5,600,000 Jun 2019 64,965 SF

205 C NW, Auburn, WA 98001-3922 $285,000 Jan 2019 1,668 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

Value Estimation
$2,485,000

10,578 SF

2835 344th St

OFFICE BUILDING

2835 344th St, Federal Way, WA 98001-9058

View Details
Value Estimation
$1,780,000

9,528 SF

1501 Vly N Hwy

OFFICE BUILDING

1501 Vly N Hwy, Auburn, WA 98001-1606

View Details
Value Estimation
$1,430,000

9,507 SF

32026 32nd S Ave

OFFICE BUILDING

32026 32nd S Ave, Federal Way, WA 98001-9625

View Details
Value Estimation
$1,680,000

8,400 SF

1650 Vly S Hwy

OFFICE BUILDING

1650 Vly S Hwy, Auburn, WA 98001-6504

View Details
Value Estimation
$1,270,000

8,329 SF

1531 20th NW St

OFFICE BUILDING

1531 20th NW St, Auburn, WA 98001-3422

View Details
Value Estimation
$3,165,000

20,468 SF

32229 Weyerhaeuser S Way

OFFICE BUILDING

32229 Weyerhaeuser S Way, Federal Way, WA 98001-9347

View Details

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32008 32nd S Ave Federal Way, WA 98001

Property summary