33525 Pacific Hwy S, Federal Way, WA 98003

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

Imagery suggests: single-tenant pad retail. 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 AI estimate from public imagery; may be outdated.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 25% of nnn retail buildings in Federal Way (median 7,290 SF), derived from assessor records.

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Building size: 3,872 SF, King County Assessor
Lot size: 27,083 SF, King County Assessor
Year built: 1978, King County Assessor
Stories: 1, King County Assessor
Predominant use: Retail, King County Assessor
Assessed value: $1,504,800, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $388.64/SF, derived from assessor records
Lot coverage: 14%, derived from assessor records
Vintage: 1970s vintage
Zoning: BC, King County
County use code: Retail(Line/Strip)
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.

33501 Pacific Hwy S, Federal Way · 0 mi · 6,592 SF · built 1976 · assessed $282.52/SF
1500 S 336th St, Federal Way · 0 mi · 25,100 SF · built 1978 · assessed $228/SF
33530 Pacific Hwy S, Federal Way · 0.1 mi · 6,912 SF · built 2017 · assessed $342/SF
33510 Pacific Hwy S, Federal Way · 0.1 mi · 480 SF · built 2017 · assessed $2,251/SF
33606 Pacific Hwy S, Federal Way · 0.1 mi · 3,080 SF · built 1951 · assessed $282.53/SF
33333 Pacific Hwy S, Federal Way · 0.1 mi · 2,322 SF · built 1956 · assessed $749.14/SF

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Sale history and market context

MakeMe Estimate: $1,716,666 (estimated market value), with a likely range of $1,258,132 to $2,007,673 (half of recent verified sales in this segment landed inside that range). Based on 38 verified arm's-length comparable sales (through 2026-05-29). Not an appraisal. How this estimate works.

Last sold: 2023-11-02 for $2,427,500 (recorded arm's-length sale).

Current ownership dates to 2023 (about 3 years) per recorded transfers.

2023-11-02: $2,427,500 from Hoefer Holdings LLC to JS Pacific Holding Company LLC, rec. 20231103001104

2003-07-01: $895,000 from SHDP Associates LLC to Hoefer Holdings LLC, rec. 20030715002837

2002-03-13: $625,000 from Sterling Savings Bank to SHDP Associates LLC, rec. 20020320000392

1994-08-15: transfer from Resolution Trust Corporation to Sterling Savings Association (non-market transfer), rec. 199409230415

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 $920,000 (2011) to $1,504,800 (2026), up 64% over 15 years, per county tax rolls. The 2026 roll splits $1,504,800 into $758,300 land and $746,500 improvements.

Zoning: BC (per King County)

Lot: 27,083 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Line Retail 3,872 SF (county building sections)

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