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Property profile & analytics
OFF-MARKET Estimated value $16,335,000
Outlet malls

35425 Enchanted S Pkwy Federal Way, WA 98003-8306

137,024 SF 11.04 ac lot Built 2007
Entity Owned 19-yr Hold Free & Clear
Property ID
US90-0792960
Property summary
AI-generated overview

This exceptional commercial land parcel, located at 35425 Enchanted Parkway South, Federal Way, WA 98003, presents a unique investment opportunity. Situated in King County, this property boasts excellent visibility and accessibility, with convenient proximity to Interstate 5. The site offers significant development potential, with the possibility of expansion. High traffic counts are a key feature, with 40,306 cars per day passing on Enchanted Parkway South and 8,479 cars per day on South 356th Street, ensuring high exposure for any future development. The location is further enhanced by its proximity to numerous established national retailers, creating a strong and vibrant commercial environment. This prime location offers a compelling opportunity for businesses seeking high visibility and convenient access to major transportation routes. The property's size and strategic location make it ideal for a variety of commercial uses, offering significant long-term growth potential. Detailed site plans and traffic studies are available upon request. Don't miss this chance to acquire a highly desirable commercial land parcel in a thriving area.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 2007
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 137,024 SF
Lot 11.04 ac (480,857 SF)
Zoning code CE
APN 292104-9077
UPID US90-0792960
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
$22.79M
Blend (final) Blend
$16.34M
Owner & transaction history
City Of Federal Way · 19 yrs held
City Of Federal Way
since 2007
4 recorded transactions
2007
Price N/A
2005
$260,745
2005
Price N/A
2005
$3.3M
Zoning & alternative use
CE · Federal Way, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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