32000 Pacific Hwy S, Federal Way, WA 98003

Office · Federal Way · Seattle-Bellevue metro, WA

Imagery suggests: bank branch. 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 AI estimate from public imagery; may be outdated.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 171 reachable office buildings in Federal Way. Larger than 29% of office buildings in Federal Way (median 9,872 SF), derived from assessor records.

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Building size: 5,041 SF, King County Assessor
Lot size: 28,339 SF, King County Assessor
Year built: 1969, King County Assessor
Stories: 1, King County Assessor
Predominant use: Bank, King County Assessor
Assessed value: $1,764,300, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $349.99/SF, derived from assessor records
Lot coverage: 18%, derived from assessor records
Vintage: 1960s vintage
Zoning: CC, King County
County use code: Bank
Construction (observed): masonry, 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.

32011 Pacific Hwy S, Federal Way · 0.1 mi · 7,591 SF · built 1972 · assessed $278.69/SF
1300 S 320th St, Federal Way · 0.2 mi · 6,993 SF · built 1973 · assessed $277.51/SF
31675 Pacific Hwy S, Federal Way · 0.2 mi · 5,205 SF · built 1968 · assessed $342/SF
32303 Pacific Hwy S, Federal Way · 0.2 mi · 8,360 SF · built 1979 · assessed $350/SF
1617 S 324th St, Federal Way · 0.2 mi · 5,704 SF · built 1971 · assessed $177.44/SF
32400 Pacific Hwy S, Federal Way · 0.3 mi · 4,980 SF · built 1974 · assessed $300/SF

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Sale history and market context

MakeMe Estimate: $1,789,702 (estimated market value), with a likely range of $1,742,819 to $2,364,690 (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: 1993-11-30 for $1,193,600 (recorded arm's-length sale).

Current ownership dates to 2008 (about 18 years) per recorded transfers.

2008-09-25: transfer from Federal Deposit Insurance Corp to Jpmorgan Chase Bank NA (non-market transfer), rec.

2001-05-03: $5,000 from Washington Mutual Bank to Puget Sound Energy INC, rec. 20041028000703

2000-11-14: $2,868 from Washington Mutual Bank to Puget Sound Energy INC (non-market transfer), rec. 20001128000534

2000-05-08: $26,000 from Washington Mutual Bank to Federal Way City of (non-market transfer), rec. 20000512001543

1993-11-30: $1,193,600 from WM Realty LTD Partnership to Washington Mutual Savings Bank, rec. 199312012141

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 $1,192,500 (2011) to $1,764,300 (2026), up 48% over 15 years, per county tax rolls. The 2026 roll splits $1,764,300 into $1,700,300 land and $64,000 improvements.

Zoning: CC (per King County)

Lot: 28,339 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Bank 4,113 SF (county building sections)

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

Permit history

2020-05-04: Remodel, declared value $41,210 (Screened), permit 20-101785-00-CO

2015-02-13: Remodel, declared value $12,469 (Screened), permit 15-100695-00-CO

2010-02-11: Remodel, declared value $15,000 (Complete), permit 09-104808-00-CO

2009-03-19: Other, declared value $175,000 (Complete), permit 09-100688-00-CO

Source: King County permit records (newest first).