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Property profile

34617 11th S Pl Federal Way, WA 98003

OFF-MARKET
Medical Office Space
Property ID
US90-1660429
23,200 SF 0.88 ac lot Built 1981
Last sale May 2021 · $2,200,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This property provides professional or medical office space configured for leasing in the vicinity of St. Francis Hospital, near the intersections of South 348th Street and Pacific Highway South. Available suites range from approximately 1,500 to 7,617 square feet, supporting a variety of office use needs. The building is set up with on-site parking and offers access to nearby freeway routes for convenient transportation to and from the area. The office space is delivered on a modified gross…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$25k
Tax billed · 2022
Assessed value$2.42M
Assessed land$458k
Assessed improvement$1.96M
Effective rate1.03%

Value estimate

· Oct 2026
$2.37M
$2.13M – $2.61M
AI approach$2.27M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$395/SF
County average, outlier-cleaned · 123 recorded sales of this use type
Observed band · Q1–Q3$227 – $570

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
OP
The Purpose of this district is to promote Office Park
General categoryOPEN_SPACE
JurisdictionKING

Location intelligence

Which uses thrive at this corner?
Best fit: Pawn Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Pawn Shop8.7
Bakery8.6
Pet Grooming Service8.3

Location

34617 11th S Pl Federal Way, WA 98003-8706
County assessor Recorded deeds · 8 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
27320 Pacific S, Federal Way, WA 98003-2413 $2,300,000 May 2024 6,500 SF
34700 11th S, Federal Way, WA 98003-6715 $1,850,000 Feb 2024 3,881 SF
33400 13th S, Federal Way, WA 98003-6357 $1,250,000 Oct 2023 4,130 SF
1715 324th, Federal Way, WA 98003-8545 $1,275,000 Nov 2022 5,438 SF
34621 11th S, Federal Way, WA 98003 $157,000 May 2021 3,943 SF
34616 11th S, Federal Way, WA 98003-8705 $1,910,000 Jan 2019 16,325 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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