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    Property profile & analytics

    33620 21st SW Ave Federal Way, WA 98023-7761

    • Warehouses
    • 40,000 SF
    • 3.41 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Dec 31, 2024
    $25,100,000
    Location Intelligence
    Property ID
    US90-0600908
    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

    • Warehouses

    Property Details for 33620 21st SW Ave

    Year built
    2019
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    3.41 lot acres
    Property size
    40,000 SF
    Zone code
    BN
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    242103-9001
    APU
    2421039001

    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
    -122.359
    Latitude
    47.2999
    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
    $254,908
    $2,967,900
    $23,060,000
    $26,027,900
    -
    $2,967,900
    $23,060,000
    $26,027,900

    Comparable in this City

    • Value Estimation by Request
      45,774 SF

      31119 21st SW Way

      MINI-WAREHOUSE, STORAGE • 45,774 SF
      31119 21st SW Way, Federal Way, WA 98023
      View Details
    • Value Estimation by Request
      39,600 SF

      2010 356th St

      MINI-WAREHOUSE, STORAGE • 39,600 SF
      2010 356th St, Federal Way, WA 98023-7255
      View Details
    • Value Estimation
      $795,000
      1.36 Acres

      21st SW Ave

      MINI-WAREHOUSE, STORAGE • 1.36 Acres
      21st SW Ave, Federal Way, WA 98023
      View Details
    • Value Estimation
      $300,000
      1.68 Acres

      21st SW Ave

      MINI-WAREHOUSE, STORAGE • 1.68 Acres
      21st SW Ave, Federal Way, WA 98023
      View Details
    • Value Estimation
      $960,000
      0.42 Acres

      21st SW Ave

      MINI-WAREHOUSE, STORAGE • 0.42 Acres
      21st SW Ave, Federal Way, WA 98023
      View Details
    • Value Estimation
      $905,000
      10,578 SF

      2821 336th Way

      INDUSTRIAL (GENERAL) • 10,578 SF
      2821 336th Way, Federal Way, WA 98023
      View Details

    Similar Nearby for Sale

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      Federal Way Land Opportunity

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      Private Lot in Dumas Bay

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      Federal Way Buildable Lots Opportunity

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    Similar Nearby for Lease

    • $18 SF/Yr
      12,334 SF

      Federal Way Office and Flex

      Turn-key office and flex space with excellent highway access.
      3455 S 344Th St, Federal Way, WA 98023
      View Details
    • Contact for pricing
      2,646 SF

      Retail Space Near Super Wal-Mart

      Retail space in a shopping center anchored by Super Wal-Mart.
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    • Contact for pricing
      2,655 SF

      Retail Space in Federal Way

      Retail space available for lease in Federal Way, Washington.
      4627 SW 320Th St, Federal Way, WA 98023
      View Details
    • Contact for pricing
      1,224 SF

      Federal Way Retail Space Available

      Retail space available for lease in Federal Way, Washington.
      1700-1916 S 320Th St, Federal Way, WA 98023
      View Details
    • $16 SF/Yr
      850 SF

      Retail/Office Space in Federal Way

      850 SF retail/office space with high visibility.
      3400-3560 SW 320Th St, Federal Way, WA 98023
      View Details
    • Contact for pricing
      26,307 SF

      Federal Way Office Sublease Available

      Class A+ office space available for sublease in Auburn, WA.
      3201 S 323Rd St, Auburn, WA 98023
      View Details

    Property Visit Statistics

    • Visits by month
      40.7k
    • Visitors by month
      23.6k
    • Avg Time on site
      6 min
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    33620 21st SW Ave
    Federal Way, WA 98023-7761
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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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