Property profile

34310 9Th Ave S Federal Way, WA 98003

FOR LEASE
Industrial properties
Property ID
US90-1642347
27,593 SF 5.27 ac lot Built 1979
Entity Owned 20-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 2,529-square-foot industrial space is located within Campus Park - Building 1, a multi-tenant facility in Federal Way, WA. The property, built in 1979 and renovated in 1994, offers a Class B industrial building with a total of 27,593 square feet across three single-story buildings situated on 1.14 acres of land. This unit features 14-foot ceiling heights, ten drive-in loading doors (10' x 10'), and ample parking with 24 spaces. The space includes a restroom, small office, and reception area, ideal for light manufacturing and distribution businesses. Recent upgrades include new carpet and paint. The property boasts 3-phase power and is conveniently located with excellent access to major transportation arteries, including I-5, SR-18, and SR-99. Its strategic location provides easy access to a variety of amenities, including nearby businesses, banking institutions, restaurants, and retail services. The property is zoned BP and has an APN of 926480-0080. Available with 30 days notice.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1979
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 27,593 SF
Lot 5.27 ac (229,372 SF)
Zoning code CE
APN 926480-0080
UPID US90-1642347

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Alternative Medicine Practice
  • Orthotics & Prosthetics Service
  • Medical Clinic
  • Medical Clinic
  • Hardware & Home Improvement Interior Design

Location

34310 9Th Ave S Federal Way, WA 98003
Federal Way metro Census 30313 SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$4.27M
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.95M

Owner & transaction history

since 2006
6 recorded transactions
2017
Price N/A
2006
$6.9M
2001
Price N/A
1999
$3.7M
1992
$2.7M
1969
Price N/A

Zoning & alternative use

CE · Federal Way, WA
Zoning description

means the CE zoning district. “Industrial uses” means those uses allowed only in the CE zone as listed in FWRC 19.240.010 through 19.240.040 . “Inflatable advertising device” means an advertising device that is inflated…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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