402 S 333rd St

For Sale

402 S 333rd St, Federal Way, WA 98003

This Federal Way property for sale is located at 402 S 333rd St. The general use of 402 S 333rd St is office and it incorporates 14,048 square feet of class C office space. The current listed sale price for 402 S 333rd St is $2,595,000. 402 S 333rd St is situated on a lot that is 1.26 acre in size.

Contacts

Kyle Sterling

NAI Puget Sound Properties

Property Details

  • Property Type Office - General Office
  • Property Size 14,048 SF
  • Units 39
  • Lot Size 1.26 Acre
  • Building Class C
  • Year Built 1979
  • Date Updated Aug 4, 2026
Strategically located between Seattle and Tacoma, Federal Way is a premier South King County commercial hub offering exceptional regional connectivity via Interstate 5, State Route 18, and SR-99. The city serves a broad consumer base and continues to experience investment driven by population growth, expanding healthcare services, and significant transportation improvements, including the future Sound Transit Link light rail extension.The subject property is a stabilized multi-tenant office investment featuring predominantly small-format suites. The property contains approximately 14,048 square feet of building area on approximately 54,798 square feet of land and is currently approximately 93.8% occupied.
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Highlights

  • 14K SF Office Building on 1.25 AC Lot
  • 94% Occupied Across 39 Units
  • Ample Parking on Large Lot
  • Current Cap Rate: 7.03%
  • Diverse Tenant Mix of Professional, Service, Health/Beauty, and More
  • Price: $2,595,000 ($185/sf)
  • Significant Capital Upgrades New Roof, HVAC, and Lot Paving
  • Significant Rental Upside
  • Small Format Units Provide Opportunity for Easy Leasing, High Rents
  • Stabilized, High Occupancy Investment

Attachments

Getting around

  • 41/100

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  • 38/100

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  • 51/100

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Location

  • City Federal Way, WA
  • Zip Code 98003
  • Market Seattle

Points of Interest

  • Capital Aeroporter Airport Shuttle

    4.39 miles

  • S 4th

    6.05 miles

  • Old City Hall

    6.08 miles

  • Stadium District

    6.23 miles

  • Theater District

    6.23 miles

  • Convention Center/South 15th Street

    6.33 miles

  • Convention Center

    6.33 miles

  • Tacoma Dome

    6.38 miles

  • Tacoma

    6.40 miles

  • Union Station/South 19th Street

    6.45 miles

  • 76

    0.39 miles

  • CFN

    0.73 miles

  • Safeway Fuel Station

    0.95 miles

  • Tesla Supercharger

    1.02 miles

  • Chevron

    1.08 miles

  • Blink

    1.09 miles

  • Arco

    1.11 miles

  • Shell

    1.20 miles

  • Electrify America

    1.30 miles

  • Fred Meyer

    1.39 miles

  • Journey Church Park & Ride

    0.79 miles

  • South Federal Way Park & Ride

    1.09 miles

  • St. Luke's Lutheran Church Park & Ride

    1.23 miles

  • Truck Parking

    1.32 miles

  • Sunrise United Methodist Church

    1.40 miles

  • Federal Way/S 320th St Park & Ride

    1.46 miles

  • Federal Way Transit Center Parking

    1.53 miles

  • Twin Lakes Park & Ride

    1.53 miles

  • BPA Trail Access

    1.87 miles

  • Trailhead Parking: Dash Point State Park

    2.98 miles

  • Econo Lodge

    0.75 miles

  • New Horizon Motel

    0.82 miles

  • Eastwind Motel

    0.83 miles

  • Stevenson Motel

    0.83 miles

  • Ridge Crest Motel

    0.96 miles

  • Quality Inn & Suites

    1.11 miles

  • Days Inn

    1.14 miles

  • Red Lion Inn & Suites

    1.28 miles

  • Comfort Inn & Suites

    1.32 miles

  • Clarion Hotel

    1.41 miles

  • Grocery Outlet

    0.75 miles

  • WinCo Foods

    0.81 miles

  • Safeway

    0.89 miles

  • Ross

    0.95 miles

  • Euro Food & Deli

    1.02 miles

  • Amazon Fresh

    1.09 miles

  • Save by the Day

    1.14 miles

  • The Commons At Federal Way

    1.21 miles

  • Walmart Supercenter

    1.22 miles

  • Kohl's

    1.26 miles

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