33530 1st Way S, Federal Way, WA 98003
Office · Federal Way · Seattle-Bellevue metro, WA
One of 189 reachable office buildings in Federal Way. Larger than 74% of office buildings in Federal Way (median 9,780 SF), derived from assessor records.
- Usable building area
- 22,010 SF, King County Assessor
- Lot size
- 77,075 SF, King County Assessor
- Year built
- 1980, King County Assessor
- Stories
- 2, King County Assessor
- Predominant use
- Office Building, King County Assessor
- Assessed value
- $835,400, per the King County Assessor (not a market appraisal)
- Assessed value per usable SF
- $37.96/SF, derived from assessor records
- Usable area / lot
- 0.29, derived from assessor records
- Vintage
- 1980s vintage
- Zoning
- OP, King County
- County use code
- Condominium(Office)
Nearby comparable buildings
Same building type, by distance. Assessor facts only; not an opinion of value.
- 33438 1st Way S, Federal Way · 0 mi · 12,440 SF · built 1987 · assessed $198.58/SF
- 500 S 336th St, Federal Way · 0.1 mi · 24,750 SF · built 1979 · assessed $153/SF
- 33455 6th Ave S, Federal Way · 0.1 mi · 48,869 SF · built 2008 · assessed $194.95/SF
- 33501 1st Way S, Federal Way · 0.1 mi · 86,393 SF · built 1988 · assessed $298.52/SF
- 33615 1st Way S, Federal Way · 0.1 mi · 21,730 SF · built 1988 · assessed $183.22/SF
- 33320 1st Way S, Federal Way · 0.1 mi · 17,289 SF · built 1975 · assessed $177.43/SF
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Sale history and market context
MakeMe Estimate: $1.23M (estimated market value), with a likely range of $1.1M to $1.41M (half of recent verified sales in this segment landed inside that range). Based on 7 verified arm's-length comparable sales (through 2026-05-29). Not an appraisal. How this estimate works.
lower confidence: 3 comparable sales within 3 miles; nearest 0.3 mi. This property type carries wider measured error; treat the estimate as a starting point. Comparable-sale caveat: the estimate is 77% below the $245.37/SF median of the shown comparable sales.
Comparable sales used as evidence
- 33400 8th Ave S, Federal Way: $3,000,000 (2026-03), 49,911 SF, $60.11/SF, 0.3 mi away
- 33308 13th Pl S, Federal Way: $1,550,000 (2025-04), 6,317 SF, $245.37/SF, 0.6 mi away
- 34001 Pacific Hwy S, Federal Way: $6,950,000 (2024-05), 17,571 SF, $395.54/SF, 0.6 mi away
- 813 Harvey Rd NE, Auburn: $1,530,000 (2024-12), 6,581 SF, $232.49/SF, 5.4 mi away
- 2326 Auburn Way N, Auburn: $2,300,000 (2024-08), 5,896 SF, $390.09/SF, 5.4 mi away
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 215 verified arm's-length sales in King County public records (5 in the trailing 24 months). Free public records. Not an appraisal.