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    Property profile & analytics

    34611 16th S Ave Federal Way, WA 98003-6803

    • Auto shops
    • 7,950 SF
    • 0.76 lot acres
    OFF-MARKET
    Value Estimation
    $2,190,000
    Last Sale
    Sep 10, 2021
    $2,050,000
    Location Intelligence
    Property ID
    US90-1599605
    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

    • Auto shops

    Property Details for 34611 16th S Ave

    Year built
    1974
    Construction
    STEEL FRAME
    Lot size
    0.76 lot acres
    Property size
    7,950 SF
    Zone code
    CE
    Property type
    Auto shops
    APN
    889700-0075
    APU
    8897000075

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,210,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,970,000
      6.5%
      $2,165,000
      7%
      $2,195,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,160,000
      Geo Method
      $1,970,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,305,000
      Retail
      $1,960,000
      Mixed-Use
      $2,470,000
      Hospitality
      $2,165,000
      Educational
      $2,490,000
      Residential Income
      $2,195,000
      Energy
      $1,830,000
      Income-Based Land
      $2,095,000
      Food Service
      $2,025,000

    Location Insight

    • Map
    • Local Demand
    City
    Federal Way
    County
    King
    State
    Washington
    Longitude
    -122.314
    Latitude
    47.2913
    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
    $18,415
    $756,400
    $983,700
    $1,740,100
    -
    $756,400
    $983,700
    $1,740,100

    Comparable in this City

    • Value Estimation by Request
      14,040 SF

      32427 Pacific S Hwy

      AUTO REPAIR, GARAGE • 14,040 SF
      32427 Pacific S Hwy, Federal Way, WA 98003-8501
      View Details
    • Value Estimation by Request
      3,000 SF

      35400 Pacific S Hwy

      AUTO REPAIR, GARAGE • 3,000 SF
      35400 Pacific S Hwy, Federal Way, WA 98003-7155
      View Details
    • Value Estimation by Request
      9,000 SF

      35620 Enchanted S Pkwy

      AUTO REPAIR, GARAGE • 9,000 SF
      35620 Enchanted S Pkwy, Federal Way, WA 98003-8303
      View Details
    • Value Estimation by Request
      4,200 SF

      31414 Pacific S Hwy

      AUTO REPAIR, GARAGE • 4,200 SF
      31414 Pacific S Hwy, Federal Way, WA 98003-5404
      View Details
    • Value Estimation by Request
      3,750 SF

      34225 Pacific S Hwy

      AUTO REPAIR, GARAGE • 3,750 SF
      34225 Pacific S Hwy, Federal Way, WA 98003-6815
      View Details
    • Value Estimation by Request
      4,410 SF

      27606 16th S Ave

      AUTO REPAIR, GARAGE • 4,410 SF
      27606 16th S Ave, Federal Way, WA 98003-2351
      View Details

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    Similar Nearby for Lease

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      Federal Way Automotive Shop Space

      7,950 SF shop with ample parking in Federal Way.
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      View Details
    • $28 SF/Yr
      36,345 SF

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    • Contact for pricing
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      Retail space available for lease in Federal Way, Washington.
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      View Details
    • $14 SF/Yr
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      Federal Way Retail Space Available

      2,200 SF retail space in Federal Way's retail core.
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    • $32 SF/Yr
      5,940 SF

      Retail Space in Federal Way

      Retail space available in a busy Federal Way shopping center.
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      View Details
    • $25 SF/Yr
      26,540 SF

      Federal Way Retail Center

      High-visibility retail spaces available
      32018 23Rd Ave, Federal Way, WA 98003
      View Details

    Property Visit Statistics

    • Visits by month
      1.1k
    • Visitors by month
      849
    • Avg Time on site
      22 min
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    Federal Way, WA 98003-6803
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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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