Property profile

822 333rd St Federal Way, WA 98003

OFF-MARKET
Warehouses
Property ID
US90-0830512
25,136 SF 1.87 ac lot Built 1987
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional single-tenant medical office building, totaling 24,928 square feet, presents a unique investment opportunity in the thriving Federal Way, Washington market. Situated at 822 S 333rd St, in King County, this one-story building offers a substantial footprint ideal for a variety of medical uses. The property's single-tenant occupancy provides stability and predictable income streams. Its convenient location in Federal Way offers easy access to major transportation routes and a robust local population base. The building's size and layout are well-suited for inpatient rehabilitation facilities or other medical practices requiring significant space. Detailed building plans and specifications are available upon request. This property represents a compelling investment opportunity for those seeking a stable, single-tenant medical office building in a high-growth area. The address is 822 S 333rd St, Federal Way, WA 98003. The property is located in King County and offers a significant square footage of 24,928 square feet. This is a single-tenant property, providing a streamlined ownership experience. Further information regarding the property's financial performance and operational details can be provided to qualified buyers. This is a prime opportunity to acquire a well-located and established medical office building in a desirable market.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1987
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 25,136 SF
Lot 1.87 ac (81,400 SF)
Zoning code OP
APN 926500-0160
UPID US90-0830512

Cap rate & NOI

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

Location

822 333rd St Federal Way, WA 98003-6343
Federal Way metro Census 30314 SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$8.63M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$9.04M

Owner & transaction history

since 2022
Last sale
$10.2M
4 recorded transactions
2022
$10.2M
2022
Price N/A
2021
$4.7M
1990
$1.8M

Zoning & alternative use

OP · Federal Way, WA
Zoning description

” means the PO, OP and CP-1 zoning districts. “ On-site hazardous waste treatment and storage facilities ” means facilities which treat and store hazardous wastes generated on the same property or geographically contiguo…

General category OPEN_SPACE
Top alternative use upside
Restaurant $13.3M +84.9%
Commercial (general) $12.8M +77.7%
Auto repair, garage $11.5M +60.0%

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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