Forest Park

Off-Market

33320 9th Avenue South, Federal Way, WA 98003

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Office - General Office
  • Property Size 34,500 SF
  • Lot Size 2.64 Acre
  • Parking Spaces Avail. 151
  • Parking Ratio 4.40 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 1981

Location

Getting Around

  • Walk Score ®

    54/100 Somewhat Walkable
  • Transit Score ®

    36/100 Some Transit
  • Bike Score ®

    51/100 Bikeable
Powered by Walk Score ®
  • City Federal Way, WA
  • Neighborhood Federal Way
  • Zip Code 98003
  • Market Seattle

Points of Interest

  • Auburn

    4.16 miles

  • Capital Aeroporter Airport Shuttle

    4.49 miles

  • Theater District/South 9th Street

    6.47 miles

  • Commerce Street/South 11th Street

    6.56 miles

  • Convention Center/South 15th Street

    6.66 miles

  • Tacoma Dome

    6.68 miles

  • Union Station/South 19th Street

    6.78 miles

  • South 25th Street

    6.93 miles

  • Kent

    6.93 miles

  • Puyallup

    7.74 miles

  • CFN

    0.31 miles

  • 76

    0.34 miles

  • 76

    0.49 miles

  • Safeway Fuel Station

    0.81 miles

  • Tesla Supercharger

    0.84 miles

  • Arco

    0.90 miles

  • Chevron

    0.91 miles

  • Shell

    0.97 miles

  • Costco Gasoline

    1.22 miles

  • 76

    1.25 miles

  • Journey Church Park & Ride

    0.83 miles

  • South Federal Way Park & Ride

    1.01 miles

  • Truck Parking

    1.04 miles

  • Federal Way/S 320th St Park & Ride

    1.11 miles

  • Federal Way Transit Center Parking

    1.26 miles

  • St. Luke's Lutheran Church Park & Ride

    1.29 miles

  • Sunrise United Methodist Church

    1.47 miles

  • Twin Lakes Park & Ride

    1.92 miles

  • BPA Trail Access

    2.15 miles

  • Peasley Canyon Park & Ride

    2.96 miles

  • Eastwind Motel

    0.40 miles

  • Econo Lodge

    0.40 miles

  • Stevenson Motel

    0.40 miles

  • New Horizon Motel

    0.42 miles

  • Ridge Crest Motel

    0.54 miles

  • Quality Inn & Suites

    0.88 miles

  • Days Inn

    0.99 miles

  • Red Lion Inn & Suites

    1.01 miles

  • Comfort Inn & Suites

    1.10 miles

  • Clarion Hotel

    1.18 miles

  • Joe's Deli

    0.22 miles

  • La Tapatia

    0.31 miles

  • Mi Chalateca

    0.33 miles

  • 8ight Izakaya

    0.37 miles

  • Pho Kim Vietnamese Cuisine

    0.37 miles

  • Yummy Banchan

    0.37 miles

  • Senor Taco

    0.38 miles

  • K Restaurant

    0.39 miles

  • Cockatoo's Chicken Restaurant

    0.39 miles

  • Bogul Bogul Restaurant

    0.39 miles

  • Eye Level Learning Center

    0.28 miles

  • Federal Way School of Music

    0.32 miles

  • Federal Way Public Academy

    0.82 miles

  • Barber College

    0.89 miles

  • Tree House Learning Center

    0.91 miles

  • Panther Lake Elementary

    0.95 miles

  • Internet Academy

    0.96 miles

  • Mirror Lake Elementary School

    1.15 miles

  • Gene Juarez Academy

    1.43 miles

  • Harry S. Truman High School

    1.48 miles

  • KinderCare

    0.26 miles

  • Kidz Workshop

    0.31 miles

  • Children's World

    0.68 miles

  • KinderCare

    0.85 miles

  • La Petite Academy

    0.95 miles

  • Childtime

    1.41 miles

  • YMCA Day Care

    1.84 miles

  • Montessori Academy at Spring Glen

    2.10 miles

  • Smart Start Daycare

    2.12 miles

  • KinderCare

    2.13 miles

Contacts

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Owner

  • True Owner

Brokers

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Documents

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Sales

  • Purchase Date 01 Dec, 2015
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date
  • Loan Maturity Date

Market Trends

Average Actual Rents in Federal Way

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Federal Way Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2021 Avg. Asking Rent $24.14
  • 2021 Office Vacancy Rate 36.78%
  • 2021 Office Completions (SF) 160,000
View more Federal Way market trends

Frequently Asked Questions

What is the total square footage of Forest Park?

Forest Park totals 34,500 square feet.

When was this property built?

Forest Park was built in 1981.

When was Forest Park last sold?

Forest Park was last sold on 01 Dec, 2015.

What is the market value for Forest Park?

The market value* for Forest Park in 2023 was $9,149,500.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

Tax

  • Base Tax $100,411
  • Current Tax $3,676
  • Market Value* $9,149,500
  • Assessed Value $9,149,500

Find more tax info, including assessment history and abatements, on CommercialEdge.

*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

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