33663 Weyerhaeuser Way S, Federal Way, WA 98001

Office · Federal Way · Seattle-Bellevue metro, WA

Imagery suggests: green roof complex. 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 AI estimate from public imagery; may be outdated.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 171 reachable office buildings in Federal Way. Larger than 99% of office buildings in Federal Way (median 9,872 SF), derived from assessor records.

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Building size: 358,705 SF, King County Assessor
Lot size: 4,421,120 SF, King County Assessor
Year built: 1969, King County Assessor
Stories: 5, King County Assessor
Buildings on parcel: 5, King County Assessor
Predominant use: Office (5-Story & Bsmt), King County Assessor
Assessed value: $17,354,000, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $48.38/SF, derived from assessor records
Lot coverage: 8%, derived from assessor records
Vintage: 1960s vintage
Zoning: CP-1, King County
County use code: Office Building
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.

2515 S 336th St, Federal Way · 0.3 mi · 14,706 SF · built 1964 · assessed $605.60/SF
33810 Weyerhaeuser Way S, Federal Way · 0.4 mi · 56,600 SF · built 2001 · assessed $168.77/SF
33940 Weyerhaeuser Way S, Federal Way · 0.4 mi · 145,561 SF · built 2000 · assessed $157.69/SF
2025 S 341st Pl, Federal Way · 0.4 mi · 4,150 SF · built 1988 · assessed $359.59/SF
33820 Weyerhaeuser Way S, Federal Way · 0.5 mi · 56,600 SF · built 2001 · assessed $131.70/SF
3450 S 344th Way, Federal Way · 0.5 mi · 64,965 SF · built 1999 · assessed $145.92/SF

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Sale history and market context

MakeMe Estimate: $31,588,474 (estimated market value), with a likely range of $30,760,976 to $41,737,079 (half of recent verified sales in this segment landed inside that range). Based on 185 verified arm's-length comparable sales (through 2026-05-29). Not an appraisal. How this estimate works.

Current ownership dates to 2016 (about 10 years) per recorded transfers.

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

3 administrative transfers (no consideration), 2003 to 2009

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 $36,068,000 (2011) to $17,354,000 (2026), down 52% over 15 years, per county tax rolls. The 2026 roll splits $17,354,000 into $11,052,800 land and $6,301,200 improvements.

Zoning: CP-1 (per King County)

Lot: 4,421,120 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Office Building 351,805 SF; Equipment (Shop) Building 2,400 SF; Basement, Unfinished 2,300 SF; Shed, Material Storage 2,200 SF (county building sections)

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

Permit history

2009-03-04: Building, New, declared value $250,000 (Complete), permit 08-103823-00-CO

2002-11-25: Building, New, declared value $57,570 (Screened), permit 02-102295-00-CO

2001-07-13: Building, New, declared value $25,000 (Complete), permit 0110246300CO

1998-04-20: Remodel, declared value $2,500 (Complete), permit BLD980217

1997-11-20: Remodel, declared value $65,355 (Complete), permit BLD970514

Source: King County permit records (newest first).