Small-Bay Industrial · Federal Way · Seattle-Bellevue metro, WA
One of 83 reachable small-bay industrial buildings in Federal Way. Larger than 14% of small-bay industrial buildings in Federal Way (median 11,040 SF), derived from assessor records.
Usable building area
3,120 SF, King County Assessor
Lot size
57,055 SF, King County Assessor
Year built
1972, King County Assessor
Stories
1, King County Assessor
Predominant use
Service Building, King County Assessor
Assessed value
$1,637,800, per the King County Assessor (not a market appraisal)
Assessed value per usable SF
$524.94/SF, derived from assessor records
Usable area / lot
0.05, derived from assessor records
Vintage
1970s vintage
Zoning
CE, King County
County use code
Service Building
Nearby comparable buildings
Same building type, by distance. Assessor facts only; not an opinion of value.
MakeMe Estimate: $1.88M (estimated market value), with a likely range of $1.32M to $2.37M (half of recent verified sales in this segment landed inside that range). Based on 8 verified arm's-length comparable sales (through 2026-06-01). The county roll carries a nominal improvement value for this parcel, so the estimate leans on comparable sales and the county-confirmed building area rather than the county land and improvement split. Not an appraisal. How this estimate works.
lower confidence: 2 comparable sales within 3 miles; nearest 0.7 mi. This property type carries wider measured error; treat the estimate as a starting point. Recent sale check: this building sold for $2,000,000 in 2024; the estimate is about 6% apart. Treat the recorded trade as strong evidence alongside the model. Comparable-sale caveat: the estimate is 52% above the $397.20/SF median of the shown comparable sales.
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: 2024-01-30 for $2,000,000 (recorded arm's-length sale).
Current ownership dates to 2024 (about 2 years) per recorded transfers.
2024-01-30: $2,000,000 from Private party to 35700 Enchanted LLC, rec. 20240131000875
1993-10-14: $290,000 from Select Contractors INC Profit to Private party, rec. 199311102410
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 $373,000 (2011) to $1,637,800 (2026), up 339% over 15 years, per county tax rolls. The 2026 roll splits $1,637,800 into $1,597,500 land and $40,300 improvements.
Zoning: CE (per King County)
Lot: 57,055 sq ft
Water: Water District (per King County)
Sewer: Public (per King County)
Access: Public
Street surface: Gravel
Floor and use mix: Garage, Service Repair 2,340 SF (county building sections)