One of 189 reachable office buildings in Federal Way. Larger than 37% of office buildings in Federal Way (median 9,780 SF), derived from assessor records.
Usable building area
6,316 SF, King County Assessor
Lot size
23,848 SF, King County Assessor
Year built
2007, King County Assessor
Stories
1, King County Assessor
Predominant use
Office Building, King County Assessor
Assessed value
$1,555,300, per the King County Assessor (not a market appraisal)
Assessed value per usable SF
$246.25/SF, derived from assessor records
Usable area / lot
0.26, derived from assessor records
Vintage
2000s vintage
Zoning
BC, 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: $1.97M (estimated market value), with a likely range of $1.74M to $2.28M (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 0.5 mi. This property type carries wider measured error; treat the estimate as a starting point. Recent sale check: this building sold for $1,550,000 in 2025; the estimate is about 27% 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: 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.
Last sold: 2025-04-04 for $1,550,000 (recorded arm's-length sale).
Current ownership dates to 2025 per recorded transfers.
2025-04-04: $1,550,000 from 13th Place South Property LLC to 13th Park Place LLC, rec. 20250407000407
2006: transferred to City of Federal Way, no consideration (3 recorded transfers, 2005 to 2006)
2005-03-09: $167,776 from KC Investments LLC to Private party, rec. 20050314001661
2005-03-09: transfer from Private party to Private party (non-market transfer), rec. 20050314001845
1998-02-26: $47,000 from Private party to KC Investments LLC (non-market transfer), rec. 199802261436
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 $1,000,400 (2011) to $1,555,300 (2026), up 55% over 15 years, per county tax rolls. The 2026 roll splits $1,555,300 into $524,600 land and $1,030,700 improvements.
Zoning: BC (per King County)
Lot: 23,848 sq ft
Water: Water District (per King County)
Sewer: Public (per King County)
Access: Public
Street surface: Paved
Floor and use mix: Office Building 6,316 SF (county building sections)