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Property profile & analytics
OFF-MARKET Estimated value $3,960,000
Office buildings

34303 Pacific S Hwy Federal Way, WA 98003-8907

23,334 SF 1.35 ac lot Built 1962
Entity Owned 19-yr Hold ~ Est. High Equity
Property ID
US90-0954691
Property summary
AI-generated overview

This exceptional 4,400 square foot office space, part of the Event Experience Building in Federal Way, WA, is immediately available for lease. Located on a 1.35-acre lot (58,965 sq ft), this Class A building boasts a single-tenant occupancy and offers a unique blend of medical, creative, and traditional office suitability. Built in 1962 and extensively renovated in 2005, the property features a modern upscale décor, including exposed high ceilings with new ductwork, creating a bright and inviting atmosphere. The space includes 8-foot glass doors, glass-enclosed offices, and a conference room, complemented by an open area ideal for desks. A fully remodeled kitchen and bathrooms are conveniently located. The building offers 40 total parking spaces. The property is zoned CE and has APN 2021049068. The total building size is 23,334 square feet, with 4,400 square feet currently vacant. Taxes are $1.93 per square foot. The building is a single-story structure and does not include elevators. Cross street is S. 344th St. Lease term is a minimum of 3 years. This is a rare opportunity to secure high-quality, move-in ready office space in a desirable location.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1962
Construction WOOD
Total area 23,334 SF
Lot 1.35 ac (58,965 SF)
Zoning code CE
APN 202104-9068
UPID US90-0954691
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap 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
by Request
Blend (final) Blend
$3.96M
Owner & transaction history
Yrv LLC · 19 yrs held
Yrv LLC
since 2006
5 recorded transactions
2006
$1.5M
2000
$1.0M
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
CE · Federal Way, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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