34415 16th Ave S, Federal Way, WA 98003

Small-Bay Industrial · Federal Way · Seattle-Bellevue metro, WA

Imagery suggests: auto service center. 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 AI estimate from public imagery; may be outdated.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 78 reachable small-bay industrial buildings in Federal Way. Larger than 59% of small-bay industrial buildings in Federal Way (median 11,294 SF), derived from assessor records.

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Building size: 13,452 SF, King County Assessor
Lot size: 67,893 SF, King County Assessor
Year built: 1996, King County Assessor
Stories: 1, King County Assessor
Predominant use: Tire Center, King County Assessor
Assessed value: $3,973,200, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $295.36/SF, derived from assessor records
Lot coverage: 20%, derived from assessor records
Vintage: 1990s vintage
Zoning: CE, King County
County use code: Service Building
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.

1515 S 344th St, Federal Way · 0 mi · 10,240 SF · built 1977 · assessed $233.28/SF
34603 16th Ave S, Federal Way · 0.1 mi · 5,289 SF · built 1980 · assessed $252.77/SF
34611 16th Ave S, Federal Way · 0.1 mi · 7,950 SF · built 1974 · assessed $295.36/SF
1610 S 344th St, Federal Way · 0.1 mi · 10,790 SF · built 1985 · assessed $185.47/SF
34320 Pacific Hwy S, Federal Way · 0.1 mi · 56,627 SF · built 1954 · assessed $162.35/SF
34621 16th Ave S, Federal Way · 0.1 mi · 4,250 SF · built 1981 · assessed $252.78/SF

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Sale history and market context

MakeMe Estimate: $5,618,401 (estimated market value), with a likely range of $3,945,474 to $6,222,384 (half of recent verified sales in this segment landed inside that range). Based on 86 verified arm's-length comparable sales (through 2026-05-29). Not an appraisal. How this estimate works.

Last sold: 1993-08-27 for $540,000 (recorded arm's-length sale).

Current ownership dates to 1993 (about 33 years) per recorded transfers.

1996-12-23: transfer from Les Schwab Tire Centers of Wa INC to SFP-B LTD Partnership (part of a 2-parcel sale; price is the whole deal), rec. 199708010088

1993-08-27: $540,000 from Private party to Private party, rec. 199308302779

1992-09-29: transfer from King County to City of Federal Way (part of a 40-parcel sale; price is the whole deal), rec. 199210010327

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 $1,755,700 (2011) to $3,973,200 (2026), up 126% over 15 years, per county tax rolls. The 2026 roll splits $3,973,200 into $2,376,200 land and $1,597,000 improvements.

Zoning: CE (per King County)

Lot: 67,893 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Floor and use mix: Garage, Service Repair 13,452 SF (county building sections)

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