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    Property profile & analytics

    32125 32Nd Ave Federal Way, WA 98001

    • Office buildings
    • 102,030 SF
    • 6.74 lot acres
    For Lease
    View listing
    $18 SF/Yr
    Value Estimation
    Location Intelligence
    Property ID
    US90-0355217
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office buildings

    Property Details for 32125 32Nd Ave

    Year built
    2001
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    6.74 lot acres
    Property size
    102,030 SF
    Zone code
    OP-1
    Property type
    Office buildings
    APN
    215465-0050
    APU
    2154650050

    Description

    This exceptional Class A office building, the I-5 Technology Center, offers 100,601 square feet of prime space in Federal Way, Washington. Built in 2000 and extensively renovated, this single, two-story building boasts a striking grand lobby featuring a free-floating steel staircase and a large skylight. Located directly off Interstate 5 in the East Campus submarket, it provides convenient access to major transportation routes and is within one mile of The Federal Way Commons, a significant lifestyle center. The property features upgraded electrical and data capabilities, exceeding typical Class A standards in the Seattle area. An above-market parking ratio is also a key benefit. Currently, three spaces are available, ranging from 7,660 to 18,435 square feet, making it ideal for a variety of business needs. Situated in King County, at 32125 32nd Ave S, Federal Way, WA 98001, this property presents a unique opportunity for businesses seeking a modern, well-located office space. The building's superior construction and amenities make it a highly desirable location.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Federal Way
    County
    King
    State
    Washington
    Longitude
    -122.294
    Latitude
    47.3132
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $143,572
    $3,525,500
    $10,357,500
    $13,883,000
    -
    $3,525,500
    $10,357,500
    $13,883,000

    Comparable in this City

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      33940 Weyerhaeuser S Way

      OFFICE BUILDING • 71,704 SF
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    • Value Estimation
      $4,845,000
      30,240 SF

      32129 Weyerhaeuser S Way

      OFFICE BUILDING • 30,240 SF
      32129 Weyerhaeuser S Way, Federal Way, WA 98001-9801
      View Details
    • Value Estimation
      $385,000
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      3820 320th St

      OFFICE BUILDING • 1,937 SF
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      1531 20th NW St

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      9,528 SF

      1501 Vly N Hwy

      OFFICE BUILDING • 9,528 SF
      1501 Vly N Hwy, Auburn, WA 98001-1606
      View Details

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    Similar Nearby for Lease

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    32125 32Nd Ave
    Federal Way, WA 98001
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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