29625 Pacific Hwy S, Federal Way, WA 98003

NNN Retail · Federal Way · Seattle-Bellevue metro, WA

Imagery suggests: gas station with convenience store. AI estimate from public imagery. In recent public imagery (2026-06), the building appears well maintained. AI estimate from public imagery; may be outdated.

One of 241 reachable nnn retail buildings in Federal Way. Larger than 21% of nnn retail buildings in Federal Way (median 7,290 SF), derived from assessor records.

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Building size: 3,485 SF, King County Assessor
Lot size: 37,817 SF, King County Assessor
Year built: 1995, King County Assessor
Stories: 1, King County Assessor
Predominant use: Convenience Market, King County Assessor
Assessed value: $2,307,000, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $661.98/SF, derived from assessor records
Lot coverage: 9%, derived from assessor records
Vintage: 1990s vintage
Zoning: BC, King County
County use code: Conv Store with Gas
Construction (observed): metal, AI estimate from public imagery
Parking (observed): surface lot, AI estimate from public imagery

Nearby comparable buildings

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

29500 Pacific Hwy S, Federal Way · 0.1 mi · 18,280 SF · built 1983 · assessed $276/SF
29426 Pacific Hwy S, Federal Way · 0.1 mi · 1,200 SF · built 1976 · assessed $325/SF
29314 Pacific Hwy S, Federal Way · 0.2 mi · 12,550 SF · built 1961 · assessed $248.40/SF
29209 Pacific Hwy S, Federal Way · 0.3 mi · 6,586 SF · built 1974 · assessed $132.58/SF
29130 Pacific Hwy S, Federal Way · 0.3 mi · 2,964 SF · built 1990 · assessed $246.26/SF
29100 Pacific Hwy S, Federal Way · 0.3 mi · 10,000 SF · built 1980 · assessed $276/SF

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Sale history and market context

MakeMe Estimate: $3,102,770 (estimated market value), with a likely range of $2,273,997 to $3,628,747 (half of recent verified sales in this segment landed inside that range). Based on 79 verified arm's-length comparable sales (through 2026-05-29). Not an appraisal. How this estimate works.

Last sold: 2005-11-01 for $1,300,000 (recorded arm's-length sale).

Current ownership dates to 2005 (about 21 years) per recorded transfers.

2006-03-21: $9,000 from Rai & Tiwana LLC to Private party, rec. 20060413000398

2005-12-22: transfer from Rai and Tiwana LLC to Federal Way City of (non-market transfer), rec. 20060202002348

2005-11-01: $1,300,000 from Private party to Rai & Tiwana LLC, rec. 20051102002198

2001-05-01: $1,300,000 from SRL Corporation to Private party (non-market transfer), rec. 20010501002290

3 administrative transfers (no consideration), 1992 to 1995

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 $1,554,700 (2011) to $2,307,000 (2026), up 48% over 15 years, per county tax rolls. The 2026 roll splits $2,307,000 into $1,247,900 land and $1,059,100 improvements.

Zoning: BC (per King County)

Lot: 37,817 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Floor and use mix: Convenience Market 3,485 SF (county building sections)

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