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    3450 344Th Way Federal Way, WA 98001

    • Parking lots & garages
    • 2.47 lot acres
    For Lease
    View listing
    $17 SF/Yr
    Value Estimation
    Location Intelligence
    Property ID
    US90-2000021
    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

    • Parking lots & garages

    Property Details for 3450 344Th Way

    Lot size
    2.47 lot acres
    Zone code
    OP-1
    Property type
    Parking lots & garages
    APN
    726120-0195
    APU
    7261200195

    Description

    This exceptional two-story Class B office building, totaling 65,462 square feet, is situated in King County's CBA Auburn submarket. Built in 1999 and renovated in 2005, the property offers flexible coworking space options within a single building on a 3.5-acre lot. The zoning is OP-1. Currently, there are 6,986 square feet of vacant space available, divisible into units as small as 1,953 square feet, with a maximum contiguous space of 2,808 square feet. Four spaces are currently available, ranging in size from 374 to 3,666 square feet. The building enjoys a prime location adjacent to the Weyerhaeuser World Headquarters, providing convenient access to major transportation arteries including I-5, SR-18, and SR-167. Net Net Net (NNN) lease terms include all utilities and suite janitorial services. This presents a unique opportunity for businesses seeking flexible and well-located office space in a thriving submarket. The property offers a blend of modern amenities and convenient access, making it an ideal choice for a variety of businesses.

    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
    -122.29
    Latitude
    47.294
    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
    $14,867
    $1,289,600
    $0.00
    $1,289,600
    -
    $1,289,600
    $0.00
    $1,289,600

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    3450 344Th Way
    Federal Way, WA 98001
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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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