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Property profile

32900 Pacific S Hwy Federal Way, WA 98003

OFF-MARKET
Retail space
Property ID
US90-1526932
4,050 SF 0.69 ac lot Built 1984
Last sale May 2022 · $1,870,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional 4,050 square foot retail property, situated on a 30,239 square foot lot (tax parcel #7978800080), presents a unique investment opportunity in Federal Way, WA. Located on Pacific Highway S, this single-tenant building boasts high visibility along Highway 99, between exits 320th and 348th, offering convenient access and significant exposure. The property benefits from its proximity to The Commons Shopping Mall (a 780,000 square foot Class-A mall) and the new Sound Transit light…

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?
$11k
Tax billed · 2022
Assessed value$958k
Assessed land$605k
Assessed improvement$353k
Effective rate1.11%

Value estimate

· Oct 2026
$1.45M
$1.31M – $1.60M
AI approach$1.47M
CAP approach$1.12M
Submarket $/SF estimate$1.88M

Realmo valuation models over county records and 21 qualifying comparable sales.

Recently sold

What actually traded nearby?
$392/SF
County average, outlier-cleaned · 399 recorded sales of this use type
Observed band · Q1–Q3$181 – $680
Qualifying comparables21

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: Storage Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Storage Facility9.5
Garden Center9.4
Convenience Store8.8

Location

32900 Pacific S Hwy Federal Way, WA 98003-6481
County assessor Recorded deeds · 7 transfers 21 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 · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
33530 Pacific S, Federal Way, WA 98003-6890 $2,500,000 Oct 2025 6,912 SF
27202 Pacific S, Federal Way, WA 98003-6998 $2,050,000 Apr 2025 2,663 SF
33507 9th S, Federal Way, WA 98003-6397 $360,000 Jun 2024 3,744 SF
1420 348th, Federal Way, WA 98003-6855 $2,450,000 Oct 2022 5,256 SF
33012 Pacific S, Federal Way, WA 98003-6410 $4,200,000 May 2020 9,135 SF
29130 Pacific S, Federal Way, WA 98003-3807 $3,000,000 Sep 2019 2,964 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
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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