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    Property profile & analytics

    33400 9Th Ave Federal Way, WA 98003

    • Office buildings
    • 59,572 SF
    • 1.97 lot acres
    For Lease
    View listing
    $27 SF/Yr
    Value Estimation
    $7,645,000
    Last Sale
    Jun 10, 2022
    $8,000,000
    Location Intelligence
    Property ID
    US90-1098259
    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 33400 9Th Ave

    Year built
    1999
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.97 lot acres
    Property size
    59,572 SF
    Zone code
    OP
    Property type
    Office buildings
    APN
    926501-0060
    APU
    9265010060

    Description

    This exceptional two-story Class A office building, totaling 38,641 square feet, presents a rare opportunity in West Campus Federal Way. Built in 1999 and renovated in 2002, the property boasts a desirable location with convenient access to major transportation arteries, including I-5, Hwy-99, and Hwy-18. The building offers multiple tenancy options, with spaces ranging from a minimum of 960 square feet to a maximum contiguous space of 5,698 square feet. Currently, 15,711 square feet of space is available. The building features ample parking with 141 spaces and elevators for convenient access to all floors. Situated on a 1.97-acre lot, the building is zoned OP and is classified as King County property. This meticulously maintained building provides a professional and efficient work environment, ideal for businesses seeking a prestigious address and convenient access to key transportation routes. The building's modern design and amenities, combined with its strategic location, make it an attractive option for a variety of businesses. Inquire today to explore the available spaces and secure your ideal office solution.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $7,730,000

    • CAP approach

      CAP return
      Estimation
      6%
      $7,885,000
      6.5%
      $8,275,000
      7%
      $8,465,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $8,165,000
      Geo Method
      $8,285,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $6,465,000
      Retail
      $7,820,000
      Mixed-Use
      $7,235,000
      Hospitality
      $6,420,000
      Educational
      $6,950,000
      Residential Income
      $8,275,000
      Energy
      $6,910,000
      Income-Based Land
      $8,535,000
      Food Service
      $6,920,000

    Location Insight

    • Map
    • Local Demand
    City
    Federal Way
    County
    King
    State
    Washington
    Longitude
    -122.322
    Latitude
    47.3024
    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
    $58,904
    $1,030,200
    $4,704,600
    $5,734,800
    -
    $1,030,200
    $4,704,600
    $5,734,800

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      OFFICE BUILDING • 4,636 SF
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      39,516 SF

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      OFFICE BUILDING • 39,516 SF
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      View Details

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      Federal Way Office Space Available

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    33400 9Th Ave
    Federal Way, WA 98003
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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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