One of 189 reachable office buildings in Federal Way. Larger than 98% of office buildings in Federal Way (median 9,780 SF), derived from assessor records.
Usable building area
160,493 SF, King County Assessor
Lot size
223,265 SF, King County Assessor
Year built
2020, King County Assessor
Stories
3, King County Assessor
Predominant use
Office, King County Assessor
Assessed value
$23,967,000, per the King County Assessor (not a market appraisal)
Assessed value per usable SF
$149.33/SF, derived from assessor records
Usable area / lot
0.72, derived from assessor records
Vintage
2020s vintage
Zoning
OP-1, King County
County use code
Office Building
Nearby comparable buildings
Same building type, by distance. Assessor facts only; not an opinion of value.
MakeMe Estimate: $33.6M (estimated market value), with a likely range of $29.6M to $38.8M (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). Not an appraisal. How this estimate works.
lower confidence: 1 comparable sale within 3 miles; nearest 1.6 mi. This property type carries wider measured error; treat the estimate as a starting point. Comparable-sale caveat: the estimate is 40% below the $348.24/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: Office in Federal Way
median verified sale $245.41/SF over the trailing 24 months; 2 sales in the last 12 months and 5 in 24 (newest verified sale 2026-03).
2022: $234.46/SF median (6 sales)
2023: $210.86/SF median (4 sales)
2024: $369/SF median (6 sales)
Computed from 218 verified arm's-length sales in King County public records (5 in the trailing 24 months). Free public records. Not an appraisal.
Ownership tenure is not asserted for this parcel: the most recent recorded transfer is a non-market conveyance.
2022-05-12: $93,527,390 from Genesis KC Development LLC to Dva Federal Way Wa Landlord LLC (part of a 3-parcel sale; price is the whole deal), rec. 20220513000001
2021-02-23: transfer from Genesis KC Development LLC to City of Federal Way (part of a 3-parcel sale; price is the whole deal), rec. 20210304001315
2017-07-12: $6,780,332 from Federal Way Campus LLC to Genesis KC Development LLC (part of a 4-parcel sale; price is the whole deal), rec. 20170712001563
2016-02-04: $70,500,000 from Weyerhaeuser NR Company to Federal Way Campus LLC (part of a 16-parcel sale; price is the whole deal), rec. 20160209001433
2009-01-01: transfer from Weyerhaeuser Company to Weyerhaeuser NR Company (part of a 5-parcel sale; price is the whole deal), rec. 20091102001768
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. Not an appraisal. How this estimate works.
Land, site, and value history
Assessed value moved from $1,031,000 (2011) to $23,967,000 (2026), up 2225% over 15 years, per county tax rolls. The 2026 roll splits $23,967,000 into $2,902,400 land and $21,064,600 improvements.
Zoning: OP-1 (per King County)
Lot: 223,265 sq ft
Water: Water District (per King County)
Sewer: Public (per King County)
Access: Public
Street surface: Paved
Floor and use mix: Office Building 160,493 SF (county building sections)