$2,700,000
Est. $14,955/mo37405 Pacific Highway S, Federal Way, WA 98003
• Listed May 7, 2026•65 days active · 65 cumulative
Listing Broker: City Closers Real Estate; Kelsey Diller; 206-915-6028; kelsey@CityClosers.com
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Listing Broker: City Closers Real Estate; Kelsey Diller; 206-915-6028; kelsey@CityClosers.com
About this home
Rare ±8-acre land opportunity on Pacific Hwy S in Federal Way. Investment Opportunity with a Single Tenant, 5-Year, Triple Net Lease in place, 6% Cap Rate. Strong visibility, regional access, and a sizable site footprint position this property for both current income and long-term value creation. Large sites in this corridor are increasingly difficult to find. Reach out for additional information and to discuss potential fit. Don't miss the OM here; https://vimeo.com/1187227711?fl=pl&fe=sh
Listed by Kelsey Diller • City Closers Real Estate
Listing updated: September 21, 2026 at 09:35am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2513240
Around this home
How much should you offer?
37405 Pacific Highway S, Federal Way, WA 98003
Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Property details
Layout
- Res-Over 1 Acre
Schools
Ratings via SchoolDiggerFederal Way School District
- Enterprise ElemPublic · Grades Elementary—
- Illahee Jnr HighPublic · Grades Middle—
- Todd Beamer HighPublic · Grades High—
Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.
Vacant land facts
As entered by the listing broker on Northwest MLS
Lot
- Acres
- 8 acres
- Lot square feet
- 348,480 sq ft
- Topography
- Level,Sloped
- Lot details
- Corner Lot, Paved
Zoning & use
- Zoning code
- RS15.0
- Zoning description
- Residential
- Zoning jurisdiction
- City
- Possible use
- Residential
- Improvements
- Fenced-Fully,Shop
Utilities
- Utilities
- Electricity Connected, Septic Design Installed
- Electricity
- On Property
- Gas
- Not Available
- Water
- Available, On Property
- Water jurisdiction
- Lakehaven Water and Sewer District
- Sewer
- In Street
- Septic design approved
- Mar 13, 1973
- Septic installed
- Yes
Road & access
- Road surface
- Paved
- Road responsibility
- County
- Road information
- County Maintained,Paved
Surveys & reports
- Sketch submitted
- No
- Reports and documents completed
- Geotech,Septic "As Built"
Water & irrigation
- Waterfront
- No
- Irrigation water rights
- No
Taxes & assessment
- Financing
- Cash, Conventional
- Seller disclosure
- Provided
- Preliminary title ordered
- Yes
Neighborhood mobility
Doorstep, Pedal & Station Scores
Three RexMont scores for this exact address: what is on foot, what is by bike, and what rides past the door.
Ground Truth™
The ground, the slope, the flood zone and the noise at this address
Read from public hazard, flood, terrain and noise maps for this exact home.
Address Insider™
The members' report
Commute, transit, zoning and ADU potential, internet providers and the lifestyle around the home: the nearest grocery, coffee, park, services and transit stop. One free registration opens every home on rexmont.com.
Opens with the report above.
Mortgage payment forecast
$17,655 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedSource: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.
Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
Ask about this home
A licensed RexMont broker will get back to you, usually in under 5 minutes during business hours.
Listing Broker: City Closers Real Estate; Kelsey Diller; 206-915-6028; kelsey@CityClosers.com
Market pulse
Federal Way is a balanced market.
Supply and demand are roughly in balance. Neither side has a clear edge.
Offer insight: Homes typically sell with one offer near asking price.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 74 days.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Oct 2026
Information and statistics derived from Northwest Multiple Listing Service. Source: Northwest Multiple Listing Service, as distributed by MLS GRID.
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of October 20, 2026 at 5:34 PM PT (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some IDX listings have been excluded from this website.
© 2026 Northwest Multiple Listing Service. All rights reserved.
HO
Equal Housing Opportunity. RexMont Real Estate is pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, or national origin.
