34617 11Th PlFederal Way, WA 98003

Property Details for 34617 11Th Pl

Year built

1981

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.88 AC

Property size (Sq ft)

23,200 SF

Zone code

OP

Property type

Healthcare properties

Property subtype

Medical offices

APN

215470-0110

APU

2154700110

Description

Wellness Plaza is a distinguished Class A medical office building totaling 21,098 square feet, situated on a 0.88-acre lot (38,145 square feet) in King County. Built in 1981 and extensively renovated in 2022, this multi-tenant property offers immediate occupancy in five available suites ranging from 811 to 7,617 contiguous square feet. The building boasts a modern, technologically advanced main lobby. Ample free parking is available with a generous 6.90/1,000 SF ratio, totaling 97 spaces. Its convenient location offers easy access to public transportation, with a metro bus route just one block away, and a park and ride also within a block. The property benefits from state-of-the-art telecommunication services provided by CenturyLink and Comcast. Its strategic location places it five blocks from St. Francis Hospital and just five minutes from the Rhododendron Species Garden, providing a desirable setting for medical professionals and their patients. The property is zoned OP, Federal Way, and its APN is 215470-0110.

• CAP approach

  CAP return

  Valuation

  6%

  $6,277,977

  6.5%

  $5,795,056

  7%

  $5,381,123

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,221,404

  Geo Method

  $4,467,856

• Alternative Use

  Use

  Valuation

  Residential

  $7,185,869

  Hospitality

  $6,582,218

  Educational

  $5,476,328

  Medical

  $5,664,667

  Retail

  $8,518,732

Location Insight

City

Federal Way

County

King

State

Washington

Latitude

47.2914

Longitude

-122.32

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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