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    Property profile & analytics

    1617 324th St Federal Way, WA 98003-6004

    • Office buildings
    • 5,704 SF
    • 0.66 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US90-1644218
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office buildings

    Property Details for 1617 324th St

    Year built
    1971
    Construction
    WOOD
    Lot size
    0.66 lot acres
    Property size
    5,704 SF
    Zone code
    BC
    Property type
    Office buildings
    APN
    162104-9049
    APU
    1621049049

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Federal Way
    County
    King
    State
    Washington
    Longitude
    -122.312
    Latitude
    47.3113
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $10,105
    $578,000
    $334,000
    $912,000
    -
    $578,000
    $334,000
    $912,000

    Comparable in this City

    • Value Estimation by Request
      500 SF

      35053 Enchanted S Pkwy

      OFFICE BUILDING • 500 SF
      35053 Enchanted S Pkwy, Federal Way, WA 98003
      View Details
    • Value Estimation by Request
      3,300 SF

      27203 Pacific S Hwy

      OFFICE BUILDING • 3,300 SF
      27203 Pacific S Hwy, Federal Way, WA 98003
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    • Value Estimation by Request
      6,240 SF

      1607 341st Pl

      OFFICE BUILDING • 6,240 SF
      1607 341st Pl, Federal Way, WA 98003-6865
      View Details
    • Value Estimation by Request
      33,198 SF

      33600 6th S Ave

      OFFICE BUILDING • 33,198 SF
      33600 6th S Ave, Federal Way, WA 98003-6743
      View Details
    • Value Estimation by Request
      4,636 SF

      33438 1st S Way

      OFFICE BUILDING • 4,636 SF
      33438 1st S Way, Federal Way, WA 98003-6214
      View Details
    • Value Estimation by Request
      39,516 SF

      909 336th St

      OFFICE BUILDING • 39,516 SF
      909 336th St, Federal Way, WA 98003-7394
      View Details

    Similar Nearby for Sale

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      Federal Way Office Building

      Office building for sale in Federal Way, Washington.
      918 S 348Th St, Federal Way, WA 98003
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    • Contact for pricing
      74,031 SF

      Class A Office Building

      Prime office space near future Sound Transit Station.
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      Prime investment opportunity in the thriving Seattle MSA market.
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      Federal Way Office Building For Sale

      Single tenant office building leased to State of Washington.
      616 S 348Th St, Federal Way, WA 98003
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    • $400,000
      1,941 SF

      Office Condominium Building Space

      Office condominium with shared basement space in Federal Way.
      30317-30321 16Th Ave S, Federal Way, WA 98003
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      8,280 SF

      Federal Way Office Space Available

      Office space near future Link Light Rail Station in Federal Way.
      1230 South 336Th St, Federal Way, WA 98003
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    Similar Nearby for Lease

    • $18 SF/Yr
      12,036 SF

      Federal Way Class A Office

      Class A office/medical building in Federal Way's West Campus.
      33301 9Th Ave S, Federal Way, WA 98003
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    • $5,000,000
      3,875 SF

      Federal Way Office Space Available

      Two-story office building with parking and storage for lease.
      33400 8Th Ave S, Federal Way, WA 98003
      View Details
    • $19 SF/Yr
      21,090 SF

      Westside Center Office Space Available

      Prime Federal Way Office Building, Suites from 900 SF
      33309 1St Ave, Federal Way, WA 98003
      View Details
    • $26 SF/Yr
      48,387 SF

      Fountain Plaza: Executive Suites Available

      Prime Federal Way Office Space for Lease
      501 336Th St, Federal Way, WA 98003
      View Details
    • $24 SF/Yr
      1,730 SF

      Federal Way Office Space Available

      Professional or Medical office space for lease near St. Francis Hospital.
      34617 11Th Pl S, Federal Way, WA 98003
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    • Contact for pricing
      2,477 SF

      Medical Office Space Available

      2,477 SF medical office space for lease.
      34616 11Th Pl S, Federal Way, WA 98003
      View Details

    Property Visit Statistics

    • Visits by month
      7.9k
    • Visitors by month
      5.6k
    • Avg Time on site
      29 min
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    Federal Way, WA 98003-6004
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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