Small-Bay Industrial · Federal Way · Seattle-Bellevue metro, WA
One of 83 reachable small-bay industrial buildings in Federal Way. Larger than 57% of small-bay industrial buildings in Federal Way (median 11,040 SF), derived from assessor records.
Usable building area
12,040 SF, King County Assessor
County gross area
13,220 SF, King County Assessor
Excluded area
1,180 SF outside primary usable area
Lot size
44,825 SF, King County Assessor
Year built
2007, King County Assessor
Stories
1, King County Assessor
Predominant use
Warehouse/Showroom, King County Assessor
Assessed value
$3,188,100, per the King County Assessor (not a market appraisal)
Assessed value per usable SF
$264.79/SF, derived from assessor records
Usable area / lot
0.27, derived from assessor records
Vintage
2000s vintage
Zoning
CE, King County
County use code
Warehouse
Nearby comparable buildings
Same building type, by distance. Assessor facts only; not an opinion of value.
MakeMe Estimate: $3.38M (estimated market value), with a likely range of $3.08M to $4.23M (half of recent verified sales in this segment landed inside that range). Based on 5 verified arm's-length comparable sales (through 2026-06-01). Not an appraisal. How this estimate works.
lower confidence: 0 comparable sales within 3 miles; nearest 3.6 mi. This property type carries wider measured error; treat the estimate as a starting point. Last arm's-length sale: $3,650,000 in 2022. The market has moved since; the estimate reflects current county values and ratios, not that price.
Recorded arm's-length sales of similar buildings nearby; nearer and more recent sales rank first. Buyer and seller names are withheld. Get this data via API.
Market context: Industrial in Federal Way
3 sales in the last 12 months and 3 in 24 (newest verified sale 2026-01).
Thin market: under 5 verified sales in the last 24 months; treat these aggregates as directional.
Computed from 81 verified arm's-length sales in King County public records (3 in the trailing 24 months). Free public records. Not an appraisal.
Last sold: 2022-06-03 for $3,650,000 (recorded arm's-length sale).
Current ownership dates to 2022 (about 4 years) per recorded transfers.
2022-06-03: $3,650,000 from MC Rock LLC to FHM Capital Holdings LLC, rec. 20220622001361
2007: transferred to City of Federal Way, no consideration (2 recorded transfers, 2006 to 2007)
2004-05-12: $265,000 from Private party to Private party, rec. 20040518000629
1998-12-23: $132,000 from Private party to Skyline Investments, rec. 199812312591
Source: King County recorded sales extract; buyer and seller shown only when a company or organization. Individual names are withheld.
Value over time
Dark line: county assessed value per King County tax rolls. Blue line: our estimate; dashed years are a modeled backcast built from recorded arm's-length sales in the building's segment, not estimates published at the time, and years without enough sales stay unmodeled. The shaded range is the model's measured error band; about half of verified sales in the segment land inside it. Diamonds: recorded arm's-length sales. Not an appraisal. How this estimate works.
Land, site, and value history
Assessed value moved from $1,528,700 (2011) to $3,188,100 (2026), up 109% over 15 years, per county tax rolls. The 2026 roll splits $3,188,100 into $1,120,600 land and $2,067,500 improvements.
Zoning: CE (per King County)
Lot: 44,825 sq ft
Water: Water District (per King County)
Sewer: Public (per King County)
Access: Public
Street surface: Paved
Floor and use mix: Storage Warehouse 7,290 SF; Warehouse Office 4,750 SF (county building sections)