33301 9Th Ave S Federal Way, WA 98003
- Office buildings
- 53,825 SF
- 3.15 lot acres
Current Use by Public Records
- Office buildings
Property Details for 33301 9Th Ave S
- Year built
- 1985
- Construction
- CONCRETE
- Lot size
- 3.15 lot acres
- Property size
- 53,825 SF
- Zone code
- OP
- Property type
- Office buildings
- APN
- 926501-0130
- APU
- 9265010130
Description
The Summit Professional Building, a Class A office property located at 33301 9th Avenue South in Federal Way, WA 98003, offers exceptional executive office space for lease. This single, three-story building, constructed in 1985, boasts a total of 53,825 square feet situated on a 3.15-acre lot. The building features convenient elevators and ample parking. Currently, there is significant vacant space available, ranging from a minimum of 3,335 square feet to a maximum contiguous space of 17,771 square feet, providing flexibility for businesses of various sizes. The property is zoned OP and is ideally suited for executive office tenants seeking a prestigious location in King County. The building's modern design and prime location make it an attractive option for companies looking to establish or expand their presence in the Federal Way area. With multiple tenancy options available, this property presents a unique opportunity to secure high-quality office space in a thriving business community. The building's substantial size and flexible floor plans cater to a wide range of business needs. Interested parties are encouraged to inquire about available space and lease terms.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $4,735,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $5,895,000
- 6.5%
- $5,500,000
- 7%
- $6,470,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $6,030,000
- Geo Method
- $7,080,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $6,060,000
- Retail
- $6,835,000
- Mixed-Use
- $6,505,000
- Hospitality
- $5,380,000
- Educational
- $5,745,000
- Residential Income
- $6,110,000
- Energy
- $5,360,000
- Income-Based Land
- $6,955,000
- Food Service
- $6,945,000
Location Insight
- Map
- Local Demand
- City
- Federal Way
- County
- King
- State
- Washington
- Longitude
- -122.322
- Latitude
- 47.3038
- CBSA code
- 42660
- CBSA name
- SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA