34611 16th Ave S, Federal Way, WA 98003

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

One of 78 reachable small-bay industrial buildings in Federal Way. Larger than 35% of small-bay industrial buildings in Federal Way (median 11,294 SF), derived from assessor records.

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Building size: 7,950 SF, King County Assessor
Lot size: 32,889 SF, King County Assessor
Year built: 1974, King County Assessor
Stories: 1, King County Assessor
Predominant use: Service Garage, King County Assessor
Assessed value: $2,348,100, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $295.36/SF, derived from assessor records
Lot coverage: 24%, derived from assessor records
Vintage: 1970s vintage
Zoning: CE, King County
County use code: Service Building
Construction (observed): metal, AI estimate from public imagery
Parking (observed): surface lot, AI estimate from public imagery
Frontage (observed): mid block, AI estimate from public imagery

Nearby comparable buildings

Same building type, by distance. Assessor facts only; not an opinion of value.

34621 16th Ave S, Federal Way · 0 mi · 4,250 SF · built 1981 · assessed $252.78/SF
34603 16th Ave S, Federal Way · 0 mi · 5,289 SF · built 1980 · assessed $252.77/SF
34627 16th Ave S, Federal Way · 0 mi · 8,650 SF · built 1980 · assessed $295.36/SF
34703 16th Ave S, Federal Way · 0 mi · 4,800 SF · built 1977 · assessed $252.79/SF
1506 S 348th St, Federal Way · 0.1 mi · 5,900 SF · built 1983 · assessed $252.78/SF
34415 16th Ave S, Federal Way · 0.1 mi · 13,452 SF · built 1996 · assessed $295.36/SF

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Sale history and market context

MakeMe Estimate: $2,856,553 (estimated market value), with a likely range of $2,005,990 to $3,163,636 (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: 2021-08-25 for $2,050,000 (recorded arm's-length sale).

Current ownership dates to 2021 (about 5 years) per recorded transfers.

2021-08-25: $2,050,000 from Private party to JJWL Properties LLC +TL 2337 Investment LLC, rec. 20210910001645

2 administrative transfers (no consideration), 2020 to 2020

1995-09-11: $547,000 from Private party to Private party, rec. 199509251022

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 $715,700 (2011) to $2,348,100 (2026), up 228% over 15 years, per county tax rolls. The 2026 roll splits $2,348,100 into $1,151,100 land and $1,197,000 improvements.

Zoning: CE (per King County)

Lot: 32,889 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Floor and use mix: Automotive Center 7,950 SF (county building sections)

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