One of 189 reachable office buildings in Federal Way. Larger than 52% of office buildings in Federal Way (median 9,780 SF), derived from assessor records.
Usable building area
10,495 SF, King County Assessor
Lot size
43,227 SF, King County Assessor
Year built
2002, King County Assessor
Stories
2, King County Assessor
Predominant use
Office, King County Assessor
Assessed value
$2,346,800, per the King County Assessor (not a market appraisal)
Assessed value per usable SF
$223.61/SF, derived from assessor records
Usable area / lot
0.24, derived from assessor records
Vintage
2000s vintage
Zoning
OP, 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: $2.94M (estimated market value), with a likely range of $2.6M to $3.4M (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: 2 comparable sales within 3 miles; nearest 0.5 mi. This property type carries wider measured error; treat the estimate as a starting point.
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: 2002-05-10 for $275,000 (recorded arm's-length sale).
Current ownership dates to 2017 (about 9 years) per recorded transfers.
2017-08-28: $1,350,000 from FW Development LLC to London Aviation Underwriters INC, rec.
2002-05-21: transfer from Federal Way Windermere Development to City of Federal Way (non-market transfer), rec. 20020607000639
2002-05-10: $275,000 from Private party to FW Development LLC, rec. 20020515002722
1999-08-31: transfer from Private party to Spaulding/Yamaki Family Partnership (non-market transfer), rec. 20001023000921
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 $1,719,100 (2011) to $2,346,800 (2026), up 37% over 15 years, per county tax rolls. The 2026 roll splits $2,346,800 into $605,100 land and $1,741,700 improvements.
Zoning: OP (per King County)
Lot: 43,227 sq ft
Water: Water District (per King County)
Sewer: Public (per King County)
Access: Public
Street surface: Paved
Floor and use mix: Office Building 10,495 SF (county building sections)