35516 Pacific Hwy 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 1% of small-bay industrial buildings in Federal Way (median 11,294 SF), derived from assessor records.

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Building size: 1,237 SF, King County Assessor
Lot size: 21,061 SF, King County Assessor
Year built: 1956, King County Assessor
Stories: 1, King County Assessor
Buildings on parcel: 3, King County Assessor
Predominant use: Storage Warehouse, King County Assessor
Assessed value: $644,700, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $521.18/SF, derived from assessor records
Lot coverage: 6%, derived from assessor records
Vintage: 1950s vintage
Zoning: CE, King County
County use code: Warehouse
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.

35400 Pacific Hwy S, Federal Way · 0 mi · 3,000 SF · built 1951 · assessed $405.60/SF
35205 Pacific Hwy S, Federal Way · 0.1 mi · 88,911 SF · built 2011 · assessed $152.81/SF
1215 S 356th St, Federal Way · 0.2 mi · 6,784 SF · built 1931 · assessed $413.30/SF
1200 S 356th St, Federal Way · 0.2 mi · 4,240 SF · built 1980 · assessed $1,863/SF
35100 Pacific Hwy S, Federal Way · 0.2 mi · 14,400 SF · built 1992
1351 S 351st St, Federal Way · 0.3 mi · 6,900 SF · built 1977

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Sale history and market context

MakeMe Estimate: $751,667 (estimated market value), with a likely range of $648,183 to $838,587 (half of recent verified sales in this segment landed inside that range). Based on 96 verified arm's-length comparable sales (through 2026-05-29). Not an appraisal. How this estimate works.

Last sold: 2004-11-03 for $450,000 (recorded arm's-length sale).

Current ownership dates to 2011 (about 15 years) per recorded transfers.

3 administrative transfers (no consideration), 2010 to 2015

2008-12-01: $4,917 from Private party to Private party, rec. 20081203000993

2004-11-03: $450,000 from Tammany Equities LLC to Private party, rec. 20041105000106

1999-01-11: $200,000 from Private party to Tammany Equities LLC, rec. 199901193067

2 administrative transfers (no consideration), 1999 to 1999

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 $254,400 (2011) to $644,700 (2026), up 153% over 15 years, per county tax rolls. The 2026 roll splits $644,700 into $589,700 land and $55,000 improvements.

Zoning: CE (per King County)

Lot: 21,061 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Storage Warehouse 672 SF; Equipment Shed 308 SF; Warehouse Office 257 SF (county building sections)

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