Commercial · Federal Way · Seattle-Bellevue metro, WA
One of 129 reachable commercial buildings in Federal Way. Larger than 26% of commercial buildings in Federal Way (median 25,170 SF), derived from assessor records.
Usable building area
6,016 SF, King County Assessor
Lot size
31,363 SF, King County Assessor
Year built
1982, King County Assessor
Stories
1, King County Assessor
Predominant use
Daycare Center, King County Assessor
Assessed value
$1,504,000, per the King County Assessor (not a market appraisal)
Assessed value per usable SF
$250/SF, derived from assessor records
Usable area / lot
0.19, derived from assessor records
Vintage
1980s vintage
Zoning
RM2400, King County
County use code
Daycare Center
Nearby comparable buildings
Same building type, by distance. Assessor facts only; not an opinion of value.
MakeMe Estimate: $1.78M (estimated market value), with a likely range of $1.48M to $2.15M (half of recent verified sales in this segment landed inside that range). Based on 4 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 3.9 mi. This property type carries wider measured error; treat the estimate as a starting point. Recent sale check: this building sold for $1,460,000 in 2023; the estimate is about 22% apart. Treat the recorded trade as strong evidence alongside the model.
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: Commercial in Federal Way
1 sales in the last 12 months and 1 in 24 (newest verified sale 2025-12).
Thin market: under 5 verified sales in the last 24 months; treat these aggregates as directional.
Computed from 114 verified arm's-length sales in King County public records (1 in the trailing 24 months). Free public records. Not an appraisal.
Last sold: 2023-06-08 for $1,460,000 (recorded arm's-length sale).
Current ownership dates to 2023 (about 3 years) per recorded transfers.
2023-06-08: $1,460,000 from Lycette Family Investment LLC to Federal Way Twin Lakes LLC, rec. 20230608000669
2009-09-25: $1,293,066 from Lazarus Land Corp to Lycette Family Investment LLC, rec. 20091006000107
2003-05-14: $1,000,000 from Private party to Lazarus Land Corporation, rec. 20030530003855
1997-12-30: $890,000 from Vocm Company INC to Private party, rec. 199801150296
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 $1,263,500 (2011) to $1,504,000 (2026), up 19% over 15 years, per county tax rolls. The 2026 roll splits $1,504,000 into $392,000 land and $1,112,000 improvements.
Zoning: RM2400 (per King County)
Lot: 31,363 sq ft
Water: Water District (per King County)
Sewer: Public (per King County)
Access: Public
Floor and use mix: Day Care Center 6,016 SF (county building sections)