Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    32901 1st S Ave Federal Way, WA 98003-2604

    • Strip malls
    • 0.79 lot acres
    OFF-MARKET
    Value Estimation
    $2,340,000
    Location Intelligence
    Property ID
    US90-2080791
    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

    • Strip malls

    Property Details for 32901 1st S Ave

    Lot size
    0.79 lot acres
    Zone code
    BN
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    697900-0040
    APU
    6979000040

    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
    -122.335
    Latitude
    47.3077
    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
    $5,625
    $410,900
    $0.00
    $410,900
    -
    $410,900
    $0.00
    $410,900

    Comparable in this City

    • Value Estimation
      $2,465,000
      0.49 Acres

      32717 1st S Ave, Unit 32925

      SHOPPING CENTER, STRIP CENTER • 0.49 Acres
      32717 1st S Ave, Federal Way, WA 98003-5758
      View Details
    • Value Estimation
      $12,090,000
      0.97 Acres

      2300 324th St

      SHOPPING CENTER, STRIP CENTER • 0.97 Acres
      2300 324th St, Federal Way, WA 98003
      View Details
    • Value Estimation by Request
      14,319 SF

      Federal Way, WA 98003

      SHOPPING CENTER, STRIP CENTER • 14,319 SF
      Federal Way, WA 98003
      View Details
    • Value Estimation
      $305,000
      1.89 Acres

      Federal Way, WA 98003

      SHOPPING CENTER, STRIP CENTER • 1.89 Acres
      Federal Way, WA 98003
      View Details
    • Value Estimation by Request
      137,024 SF

      35425 Enchanted S Pkwy

      WHOLESALE OUTLET, DISCOUNT STORE • 137,024 SF
      35425 Enchanted S Pkwy, Federal Way, WA 98003-8306
      View Details
    • Value Estimation by Request
      207,031 SF

      34520 16th S Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 207,031 SF
      34520 16th S Ave, Federal Way, WA 98003-6802
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Commercial Site or Owner-User Restaurant

      Commercial site or owner-user restaurant in a centralized location.
      35109 Pacific Hwy S, Federal Way, WA 98003
      View Details
    • $195,000
      1,344 SF

      Updated Double-Wide Manufactured Home

      Updated 3-bedroom, move-in ready home with remodeled kitchen and bathrooms.
      3001 S 288Th St, Federal Way, WA 98003
      View Details
    • $400,000
      1,941 SF

      Office Condominium Building Space

      Office condominium with shared basement space in Federal Way.
      30317-30321 16Th Ave S, Federal Way, WA 98003
      View Details
    • Contact for pricing
      74,031 SF

      Class A Office Building

      Prime office space near future Sound Transit Station.
      2505 S 320Th St, Federal Way, WA 98003
      View Details
    • $1,080,300
      2 SF

      Prime Land for Medical Office

      2.48-acre site with permits for an 18,000 sq ft building.
      1044 S 348Th St, Federal Way, WA 98003
      View Details
    • Contact for pricing
      8,280 SF

      Federal Way Office Space Available

      Office space near future Link Light Rail Station in Federal Way.
      1230 South 336Th St, Federal Way, WA 98003
      View Details

    Similar Nearby for Lease

    • $48 SF/Yr
      4,000 SF

      Retail Space in Federal Way

      Neighborhood shopping center with national and regional tenants.
      27001-27077 Pacific Hwy S, Federal Way, WA 98003
      View Details
    • $19 SF/Yr
      113,925 SF

      Hillside Plaza: Retail Investment Opportunity

      Federal Way, WA Strip Mall - High Visibility
      2000 314Th St, Federal Way, WA 98003
      View Details
    • Contact for pricing
      18,191 SF

      Retail Space in Federal Way

      Retail space available in Federal Way, Washington.
      35002 Pacific Hwy S, Federal Way, WA 98003
      View Details
    • $13 SF/Yr
      1,084 SF

      Retail Space in Twin Lakes Village

      Retail space for lease in a high-traffic shopping center.
      2120-2324 SW 336Th St, Federal Way, WA 98003
      View Details
    • $32 SF/Yr
      5,940 SF

      Retail Space in Federal Way

      Retail space available in a busy Federal Way shopping center.
      2500 South 320Th St, Federal Way, WA 98003
      View Details
    • $1,300 /Mo
      1,600 SF

      Upgraded Plaza with Great Visibility

      Large, upgraded plaza suitable for fitness, medical, office, or service.
      32020 1St Ave S, Federal Way, WA 98003
      View Details

    Property Visit Statistics

    • Visits by month
      2.2k
    • Visitors by month
      2.4k
    • Avg Time on site
      38 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    32901 1st S Ave
    Federal Way, WA 98003-2604
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.