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    Federal Way, WA Specialty Properties for Sale

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    Office/Flex Investment Building
    Updated: Apr 7
    Office/Flex Investment Building

    1707 S 341st Pl, Federal Way, WA 98003

    $3,250,000
    13,220 sqft 1.26 AC lot
    Fortune Building: 13,200 SF office/flex building on a 54,901 SF lot (1.26 AC).
    Fully leased to 6 tenants under NNN leases.
    Current rents are $14/sf, stated to be 20%+ below market.
    Current cap rate of 5.84% with asking price $3,250,000 ($246/sf).
    Significant recent capital improvements including roof and HVAC.
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    Freestanding Childcare Facility
    Updated: Mar 9
    Freestanding Childcare Facility

    29928 Pacific Hwy S, Federal Way, WA 98003

    Contact for pricing
    4,000 sqft 0.45 AC lot
    4,000 SF freestanding commercial building on a 19,465 SF (0.45‑acre) parcel in Federal Way
    Constructed in 1974; effective year built 1990
    Operated continuously as a licensed childcare facility for more than 35 years
    Currently licensed for 90 children
    Approximately 135 ft of frontage along Pacific Highway South (primary north–south arterial)
    View details
    Walgreens NNN Investment Opportunity
    Walgreens NNN Investment Opportunity

    28817 Military Rd S, Federal Way, WA 98003

    Contact for pricing
    14,238 sqft

    NNN Walgreens in Federal Way with strong traffic and demographics.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Industrial Land with Single-Tenant NNN Lease
    Industrial Land with Single-Tenant NNN Lease

    37504 Pacific Highway South, Federal Way, WA 98003

    Contact for pricing
    348,480 sqft 8.00 AC lot

    Vacant land parcel under a 5-year single-tenant triple net lease, with 6% cap rate noted.

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    Federal Way Office Space Available
    Federal Way Office Space Available

    1707-1727 S 341st Pl, Federal Way, WA 98003

    Contact for pricing
    2,200 sqft

    Office space in Federal Way with close access to I-5.

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    Triple Net Land Parcel
    Triple Net Land Parcel

    37405 Pacific Hwy S, Federal Way, WA 98023

    Contact for pricing
    8.00 AC lot

    For-sale NNN land parcel with a single tenant under a five-year triple net lease.

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    Specialty Land Parcel
    Specialty Land Parcel

    29006 Military Rd S, Federal Way, WA 98003

    Contact for pricing
    0.63 AC lot

    Specialty land parcel totaling 0.63 acres available for sale.

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    Highway 99 Commercial Property
    Highway 99 Commercial Property

    33320 Pacific Hwy S, Federal Way, WA 98003

    Contact for pricing

    Commercial property located on Highway 99 available for sale.

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    Specialty Commercial Property
    Specialty Commercial Property

    34839 Pacific Hwy S, Federal Way, WA 98003

    Contact for pricing

    Specialty commercial property available for sale at 34839 Pacific Hwy S in Federal Way, WA 98003.

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    Based on your search, we've compiled 57 Potential Opportunities for your consideration. Besides 9 Active listings in Federal Way, WA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 40 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Leased Retail Asset Opportunity
    Leased Retail Asset Opportunity

    22633 Marine View Drive S, Des Moines, WA 98198

    $4,500,000
    0.54 AC lot

    Single-tenant Jack in the Box with long-term lease.

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    Thun Field Hangar For Sale
    Thun Field Hangar For Sale

    15-16608 103rd Avenue Ct E, Puyallup, WA 98372

    $329,000
    2,025 sqft

    Hangar at Thun Field with easy runway access.

    View details
    Commercial Property with Living Space
    Commercial Property with Living Space

    1109 Valley Ave NW, Puyallup, WA 98371

    Contact for pricing
    6,420 sqft 0.43 AC lot

    Commercial property featuring living space, workshop, and high-traffic location.

    View details
    Des Moines Retail Opportunity
    Des Moines Retail Opportunity

    28201 Redondo Beach Dr S, Des Moines, WA 98198

    Contact for pricing
    6,253 sqft

    Retail space in Des Moines, Washington, near Puget Sound.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Commercial Arterial Zoned Land
    Commercial Arterial Zoned Land

    4325 NE Sunset Blvd, Renton, WA 98059

    $2,000,000

    Commercial land suitable for various developments, flexible seller terms.

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    Land with R10 Zoning
    Land with R10 Zoning

    10010 219th St Ct E, Graham, WA 98338

    Contact for pricing

    Land suitable for residential or rural-oriented uses.

    View details
    Mukilteo Light Industrial Land Parcel
    Mukilteo Light Industrial Land Parcel

    12900 Beverly Park Road, Mukilteo, WA 98275

    $849,900
    0.89 AC lot

    0.89 acre light industrial land parcel in Mukilteo.

    View details
    Prime Commercial Land Opportunity
    Prime Commercial Land Opportunity

    18215 SW Sargent Road, Rochester, WA 98579

    $649,900
    10.40 AC lot

    10.4 acres of level commercial land with development potential.

    View details

    Off-Market Properties in Federal Way, WA

    Consider similar Off-Market properties in Federal Way, WA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    32324 1st S Ave
    DAY CARE, PRE-SCHOOL

    32324 1st S Ave, Federal Way, WA 98003-5762

    $520,000
    Estimated value
    7,226 sqft 0.82 AC lot
    View details
    28822 Pacific S Hwy
    VETERINARY, ANIMAL HOSPITAL

    28822 Pacific S Hwy, Federal Way, WA 98003-3802

    Value Estimation by Request
    2,265 sqft 0.28 AC lot
    View details
    2520 336th St
    DAY CARE, PRE-SCHOOL

    2520 336th St, Federal Way, WA 98023-2876

    $1,415,000
    Estimated value
    6,016 sqft 0.72 AC lot
    View details
    1122 322nd Pl
    DAY CARE, PRE-SCHOOL

    1122 322nd Pl, Federal Way, WA 98003-8472

    $3,295,000
    Estimated value
    6,016 sqft 0.89 AC lot
    View details
    33310 1st S Way
    DAY CARE, PRE-SCHOOL

    33310 1st S Way, Federal Way, WA 98003-4544

    $2,075,000
    Estimated value
    14,444 sqft 1.49 AC lot
    View details
    33504 13th S Pl
    DAY CARE, PRE-SCHOOL

    33504 13th S Pl, Federal Way, WA 98003-6358

    $1,595,000
    Estimated value
    8,055 sqft 0.84 AC lot
    View details
    Federal Way, WA 98003
    PROFESSIONAL CLUBS/ASSOCIATIONS

    Federal Way, WA 98003

    $570,000
    Estimated value
    5,684 sqft 13.77 AC lot
    View details
    2201 356th St
    DAY CARE, PRE-SCHOOL

    2201 356th St, Federal Way, WA 98023-3033

    Value Estimation by Request
    2,889 sqft 0.18 AC lot
    View details
    1060 320th St
    VETERINARY, ANIMAL HOSPITAL

    1060 320th St, Federal Way, WA 98023-4707

    Value Estimation by Request
    3,576 sqft 5.00 AC lot
    View details
    32200 Military S Rd
    PROFESSIONAL CLUBS/ASSOCIATIONS

    32200 Military S Rd, Federal Way, WA 98001-9627

    $9,895,000
    Estimated value
    334,593 sqft 19.39 AC lot
    View details
    28715 18th S Ave
    DAY CARE, PRE-SCHOOL

    28715 18th S Ave, Federal Way, WA 98003-9246

    Value Estimation by Request
    6,206 sqft 0.62 AC lot
    View details
    35703 16th S Ave
    PROFESSIONAL CLUBS/ASSOCIATIONS

    35703 16th S Ave, Federal Way, WA 98003-7524

    $20,425,000
    Estimated value
    302,083 sqft 16.56 AC lot
    View details
    2101 324th St
    PROFESSIONAL CLUBS/ASSOCIATIONS

    2101 324th St, Federal Way, WA 98003-8506

    $885,000
    Estimated value
    9,986 sqft 62.74 AC lot
    View details
    1201 336th St
    PROFESSIONAL CLUBS/ASSOCIATIONS

    1201 336th St, Federal Way, WA 98003-6007

    $3,115,000
    Estimated value
    273,024 sqft 22.78 AC lot
    View details
    2926 368th St
    DAY CARE, PRE-SCHOOL

    2926 368th St, Federal Way, WA 98003-7645

    Value Estimation by Request
    2,364 sqft 0.42 AC lot
    View details

    Federal Way, WA Specialty Properties Market Trends and Statistics

    Explore 49 specialty properties for sale in Federal Way, WA, showcased through 9 active listings on our real estate platform. These investment opportunities span a total of 382,138 square feet of properties for sale, with an estimated market value of $3,250,000.

    Sale prices for properties in Federal Way, WA average $3,250,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    NNN properties 6
    Churches & religious facilities 1
    Day care centers 1

    Demographics Overview

    Population 138K
    Population Growth (5Y) +4.6%
    Median Household Income $91,533
    College Educated 23.6%

    High-Yield Neighborhoods for Investment

    Identify Federal Way submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    98003 $1.6M

    Taxes & Financing

    Tax Rate (average for all types) 1.01%
    Property Tax per SF $9.26 per SF
    Tax Rate vs County Average 0.17 pp above county avg
    Average Loan-to-Value 65.0%

    Property Size Breakdown

    The majority of commercial real estate listings in Federal Way fall within the 100,000+ square foot range.

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    Most Searched ZIP Codes in Federal Way, WA

    • 98003
    • 98023

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