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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
Last sale Sep 2022 · $10,150,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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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…

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?
$36k
Tax billed · 2022
Assessed value$3.41M
Assessed land$977k
Assessed improvement$2.43M
Effective rate1.04%

Value estimate

· Oct 2026
$9.04M
$8.14M – $9.94M
AI approach$8.63M

Realmo valuation models over county records and 9 qualifying comparable sales.

Recently sold

What actually traded nearby?
$287/SF
County average, outlier-cleaned · 375 recorded sales of this use type
Observed band · Q1–Q3$185 – $465
Qualifying comparables9

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: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility10.8
Convenience Store10.7
Furniture Store9.2

Location

822 333rd St Federal Way, WA 98003-6343
County assessor Recorded deeds · 4 transfers 9 qualifying comp sales 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 · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
34004 9th S, Federal Way, WA 98003-6737 $15,095,000 Mar 2023 18,741 SF
801 336th, Federal Way, WA 98003-6310 $14,405,000 Mar 2023 16,441 SF
34202 16th S, Federal Way, WA 98003-7828 $21,500,000 May 2022 15,184 SF
34110 9th S, Federal Way, WA 98003-6710 $5,370,000 Nov 2020 33,266 SF
34100 9th S, Federal Way, WA 98003-7393 $5,550,000 Jul 2019 39,944 SF
35200 Pacific S, Federal Way, WA 98003-5704 $2,880,000 Feb 2019 17,368 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
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