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    Property profile & analytics

    3201 323rd St Federal Way, WA 98001-5023

    • Office buildings
    • 160,493 SF
    • 5.13 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    May 13, 2022
    $93,527,390
    Location Intelligence
    Property ID
    US90-2126369
    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 3201 323rd St

    Year built
    2020
    Construction
    STEEL FRAME
    Lot size
    5.13 lot acres
    Property size
    160,493 SF
    Zone code
    OP-1
    Property type
    Office buildings
    APN
    215465-0110
    APU
    2154650110

    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
    -122.292
    Latitude
    47.3114
    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
    $340,017
    $2,679,100
    $32,093,900
    $34,773,000
    -
    $2,679,100
    $32,093,900
    $34,773,000

    Comparable in this City

    • Value Estimation by Request
      64,965 SF

      3450 344th Way

      OFFICE BUILDING • 64,965 SF
      3450 344th Way, Federal Way, WA 98001-9540
      View Details
    • Value Estimation by Request
      71,704 SF

      33940 Weyerhaeuser S Way

      OFFICE BUILDING • 71,704 SF
      33940 Weyerhaeuser S Way, Federal Way, WA 98001-9663
      View Details
    • Value Estimation
      $4,845,000
      30,240 SF

      32129 Weyerhaeuser S Way

      OFFICE BUILDING • 30,240 SF
      32129 Weyerhaeuser S Way, Federal Way, WA 98001-9801
      View Details
    • Value Estimation
      $385,000
      1,937 SF

      3820 320th St

      OFFICE BUILDING • 1,937 SF
      3820 320th St, Auburn, WA 98001-3115
      View Details
    • Value Estimation by Request
      20,428 SF

      1519 Vly N Hwy

      OFFICE BUILDING • 20,428 SF
      1519 Vly N Hwy, Auburn, WA 98001-1600
      View Details
    • Value Estimation by Request
      8,400 SF

      1650 Vly S Hwy

      OFFICE BUILDING • 8,400 SF
      1650 Vly S Hwy, Auburn, WA 98001-6504
      View Details

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    • Contact for pricing
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      Commercial Lot on Auburn Way

      Commercial lot in Auburn, water and sewer in street.
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      Land For Sale Auburn

      Land available for sale in Auburn, Washington.
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    Similar Nearby for Lease

    • $20 SF/Yr
      47,800 SF

      New Office Building For Lease

      New office building with excellent access on the east side.
      32200 Weyerhaeuser Way S, Federal Way, WA 98001
      View Details
    • $17 SF/Yr
      149,268 SF

      Auburn Corporate Center Office Space

      Executive Suites & Office Space in Auburn, WA
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      View Details
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      Auburn Warehouse/Distribution Facility Sublease

      Warehouse/distribution facility with office space available for sublease in Auburn.
      3500 W Valley Hwy N, Auburn, WA 98001
      View Details
    • $1,395 /Mo
      800 SF

      Downtown Auburn Office Space Available

      800 SF office suite in downtown Auburn for lease.
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    • $4,200 /Mo
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      Turnkey Office Space in Algona

      839 sqft office space with flexible layout and amenities.
      105-107 Washington Blvd, Algona, WA 98001
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    • $18 SF/Yr
      105,807 SF

      East Campus Corporate Park Office Space

      Prime Federal Way Office Suites Available
      32001 32Nd Ave, Federal Way, WA 98001
      View Details
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    3201 323rd St
    Federal Way, WA 98001-5023
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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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