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    Property profile & analytics
    OFF-MARKET Estimated value $9,495,000
    Warehouses

    822 333rd St, Federal Way, WA 98003-6343

    25,136 SF 1.87 ac lot Built 1987
    Entity Owned 3-yr Hold ~ Est. High Equity
    Property ID
    US90-0830512
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $8.63M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $9.50M
    Owner & transaction history
    Pbi Enterprises LLC · 3 yrs held
    Pbi Enterprises LLC
    since 2022
    Last sale
    $10.2M
    4 recorded transactions
    2022
    $10.2M
    2022
    2021
    $4.7M
    1990
    $1.8M
    Zoning & alternative use
    OP · Federal Way, WA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $13.3M +84.9%
    Commercial (general) $12.8M +77.7%
    Auto repair, garage $11.5M +60.0%
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