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    Property profile

    32125 32Nd Ave S Federal Way, WA 98001

    FOR SALE
    Office buildings
    Property ID
    US90-0355217
    102,030 SF 6.74 ac lot Built 2001
    Entity Owned 14-yr Hold ~ Est. High Equity
    32125 32Nd Ave S, Federal Way, WA 98001 For Sale 1 / 3
    Contact for pricing 102,030 SF
    32125 32Nd Ave S, Federal Way, WA 98001
    View Listing →

    Property summary

    AI-generated overview

    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.

    Property profile

    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 2001
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 102,030 SF
    Lot 6.74 ac (293,798 SF)
    Zoning code OP-1
    APN 215465-0050
    UPID US90-0355217

    Cap rate & NOI

    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate 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
    $15.43M
    Blend (final) Blend
    $13.97M

    Owner & transaction history

    since 2012
    7 recorded transactions
    2019
    Price N/A
    2012
    $17.1M
    2010
    $8.2M
    2009
    Price N/A
    2005
    $21.0M
    2005
    Price N/A
    2004
    $8.3M

    Zoning & alternative use

    OP-1 · Federal Way, WA
    Zoning description

    The Purpose of this district is to promote Office Park 1

    General category OPEN_SPACE

    Comparables

    6 recent transactions · within 1.5 mi
    Comparable in this city
    6 recent transactions

    Comparable in this City

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    • Value Estimation
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    • Value Estimation
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    • Value Estimation
      $185,000
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    • Value Estimation
      $345,000
      1,698 SF
      1408 Main St
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      1408 Main St, Auburn, WA 98001
      View Details
    • Value Estimation
      $460,000
      1,920 SF
      30682 Military S Rd
      OFFICE BUILDING
      30682 Military S Rd, Auburn, WA 98001-3215
      View Details

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    Recent comparable sales
    Sale price & price/SF · Sale date & distance · Adjustments & confidence
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