Which i ve never seen done on any compressor tank.
Compressor drain valve leaking.
Product links below in order of appearance.
They usually use a high strength thread locker on the drain valves so it may just be very very hard to remove.
After cleaning replace the parts.
Clean the regulator 4.
You can try to clean out the old one.
If the check valve is now.
Turn off and unplug the air compressor.
Drain the air tank from the drain valve.
I would recommend replacing the valve and using some thread locker when you install the new one.
1 unplug the compressor 2 drain all the air from the tank 3 remove the lines connected to the tank check valve 4 remove the tank check valve inspect clean re install the same one or install a new one 5 reassemble and test the compressor operation.
How to fix it.
Unloader valve is leaking air when the air compressor reaches the normal cut out pressure and stops but you notice while the air compressor is off that air is leaking out of a valve attached to or perhaps inside of the air compressor pressure switch.
By the way c clip ring shown in the picture prevents the screw from being removed from the drain valve assembly.
Besides the drain valve is relatively easy and inexpensive to fix.
The valve on the outside of the pressure switch may look something like the one in the image.
Makita mac700 air compressor.
To fix the air leak caused by a faulty drain valve there are three choices.