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    Property profile & analytics

    35522 21st SW Ave Federal Way, WA 98023-3046

    • Commercial real estate
    • 4,780 SF
    • 0.50 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Oct 01, 2024
    $1,835,000
    Location Intelligence
    Property ID
    US90-0204339
    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

    • Commercial real estate

    Property Details for 35522 21st SW Ave

    Year built
    2008
    Construction
    WOOD
    Lot size
    0.50 lot acres
    Property size
    4,780 SF
    Zone code
    BN
    Property type
    Commercial real estate
    APN
    252103-9050
    APU
    2521039050

    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
    -122.361
    Latitude
    47.283
    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
    $20,110
    $351,900
    $1,638,200
    $1,990,100
    -
    $351,900
    $1,638,200
    $1,990,100

    Comparable in this City

    • Value Estimation by Request
      7,145 SF

      1600 Dash Pt Rd

      COMMERCIAL (GENERAL) • 7,145 SF
      1600 Dash Pt Rd, Federal Way, WA 98023-4573
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    • Value Estimation
      $1,070,000
      4,012 SF

      2317 320th St Ste, Unit 3

      COMMERCIAL (GENERAL) • 4,012 SF
      2317 320th St Ste, Federal Way, WA 98023-2567
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    • Value Estimation by Request
      25,000 SF

      2140 356th St

      COMMERCIAL (GENERAL) • 25,000 SF
      2140 356th St, Federal Way, WA 98023-3058
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    • Value Estimation by Request
      12,510 SF

      34024 Hoyt SW Rd

      COMMERCIAL (GENERAL) • 12,510 SF
      34024 Hoyt SW Rd, Federal Way, WA 98023-3224
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    • Value Estimation
      $4,700,000
      5,120 SF

      164 Campus Dr

      COMMERCIAL (GENERAL) • 5,120 SF
      164 Campus Dr, Federal Way, WA 98023-7926
      View Details
    • Value Estimation by Request
      15,014 SF

      2500 320th St

      COMMERCIAL (GENERAL) • 15,014 SF
      2500 320th St, Federal Way, WA 98023
      View Details

    Similar Nearby for Sale

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      Land available for sale in Federal Way, Washington.
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    • $1,950,000

      Corner Land in Federal Way

      Signalized corner lot with timber and high visibility.
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    • Contact for pricing

      Federal Way Land Parcel

      6000 sq ft land parcel in Federal Way.
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      View Details
    • $1,750,000
      1.85 Acres

      Federal Way Buildable Lots Opportunity

      Five adjacent lots totaling 1.853 acres in Federal Way.
      2nd 2Nd Ave SW, Federal Way, WA 98023
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    • $129,950

      Private Lot in Dumas Bay

      Quarter-acre building lot near Poverty Bay Park.
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      Land For Sale

      Land available for sale in Federal Way, Washington.
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    Similar Nearby for Lease

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      12,334 SF

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

      Retail Space Near Super Wal-Mart

      Retail space in a shopping center anchored by Super Wal-Mart.
      34410 16Th Ave S, Federal Way, WA 98023
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    • Contact for pricing
      2,655 SF

      Retail Space in Federal Way

      Retail space available for lease in Federal Way, Washington.
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    • 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
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    • 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
      1.7k
    • Visitors by month
      942
    • Avg Time on site
      33 min
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    Federal Way, WA 98023-3046
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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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