2025 S 341st Pl, Federal Way, WA 98003

Office · Federal Way · Seattle-Bellevue metro, WA

One of 171 reachable office buildings in Federal Way. Larger than 21% of office buildings in Federal Way (median 9,872 SF), derived from assessor records.

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Building size: 4,150 SF, King County Assessor
Lot size: 39,327 SF, King County Assessor
Year built: 1988, King County Assessor
Stories: 1, King County Assessor
Predominant use: Office, King County Assessor
Assessed value: $1,492,300, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $359.59/SF, derived from assessor records
Lot coverage: 11%, derived from assessor records
Vintage: 1980s vintage
Zoning: CE, King County
County use code: Office Building

Nearby comparable buildings

Same building type, by distance. Assessor facts only; not an opinion of value.

1928 S 344th St, Federal Way · 0.1 mi · 896 SF · built 1948 · assessed $1,478/SF
1707 S 341st Pl, Federal Way · 0.2 mi · 13,200 SF · built 1980 · assessed $140.41/SF
1625 S 341st Pl, Federal Way · 0.2 mi · 3,211 SF · built 1980 · assessed $249.98/SF
1607 S 341st Pl, Federal Way · 0.3 mi · 6,240 SF · built 1976 · assessed $228/SF
34004 16th Ave S, Federal Way · 0.3 mi · 11,522 SF · built 1981 · assessed $77.69/SF
2515 S 336th St, Federal Way · 0.3 mi · 14,706 SF · built 1964 · assessed $605.60/SF

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Sale history and market context

MakeMe Estimate: $1,541,048 (estimated market value), with a likely range of $1,500,678 to $2,036,149 (half of recent verified sales in this segment landed inside that range). Based on 185 verified arm's-length comparable sales (through 2026-05-29). Not an appraisal. How this estimate works.

Last sold: 2019-08-05 for $1,200,000 (recorded arm's-length sale).

Current ownership dates to 2019 (about 7 years) per recorded transfers.

2019-08-05: $1,200,000 from Kempwald Enterprises LLC to Drexel Skyway LLC, rec. 20190821001384

2014-09-03: $515,000 from Skyline Group LLC to Kempwald Enterprises LLC, rec. 20140905000676

2012-06-26: $350,000 from Sterling Savings Bank to Skyline Group LLC, rec. 20120626001333

2012-01-06: $348,823 from T D Service Company of Washington to Sterling Savings Bank (non-market transfer), rec. 20120501001874

2006-02-22: $650,000 from Private party to A Kalchik Realty LLC (non-market transfer), rec. 20060227001894

Source: King County recorded sales extract; buyer and seller shown only when a company or organization. Individual names are withheld.

Value over time

Solid line: county appraised value per King County tax rolls. Shaded range: our modeled estimate for each year, built from recorded arm's-length sales in the building's segment; years without enough sales stay unmodeled. Dots: recorded arm's-length sales. Not an appraisal. How this estimate works.

Land, site, and value history

Assessed value moved from $669,700 (2011) to $1,492,300 (2026), up 123% over 15 years, per county tax rolls. The 2026 roll splits $1,492,300 into $983,100 land and $509,200 improvements.

Zoning: CE (per King County)

Lot: 39,327 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Floor and use mix: Office Building 4,150 SF (county building sections)

County districts report (schools, fire, sewer, council; on kingcounty.gov)