Commercial · Issaquah · Seattle-Bellevue metro, WA
One of 158 reachable commercial buildings in Issaquah. Larger than 99% of commercial buildings in Issaquah (median 3,140 SF), derived from assessor records.
Usable building area
820,305 SF, King County Assessor
Lot size
344,603 SF, King County Assessor
Year built
2007, King County Assessor
Stories
8, King County Assessor
Predominant use
Retirement Facility, King County Assessor
Units
355, King County Assessor
Assessed value
$164,659,900, per the King County Assessor (not a market appraisal)
Assessed value per usable SF
$200.73/SF, derived from assessor records
Usable area / lot
2.38, derived from assessor records
Vintage
2000s vintage
Zoning
UV-MF, King County
County use code
Retirement Facility
Nearby comparable buildings
Same building type, by distance. Assessor facts only; not an opinion of value.
MakeMe Estimate: $181M (estimated market value), with a likely range of $151M to $218M (half of recent verified sales in this segment landed inside that range). Based on 3 verified arm's-length comparable sales (through 2026-06-01). Not an appraisal. How this estimate works.
lower confidence: 0 comparable sales within 3 miles; nearest 14.1 mi. This property type carries wider measured error; treat the estimate as a starting point.
Recorded arm's-length sales of similar buildings nearby; nearer and more recent sales rank first. Buyer and seller names are withheld. Get this data via API.
Market context: Commercial in Issaquah
median verified sale $468.09/SF over the trailing 24 months; 6 sales in the last 12 months and 9 in 24 (newest verified sale 2026-01); the middle 80% of recent sales traded at 0.91x to 1.27x their county assessed value, median 1.03x (9 sales with usable county values).
2023: $600/SF median (4 sales)
2025: $468.09/SF median (6 sales)
This estimate sits at 1.10x county assessed value, the 67th percentile of those recent sale premiums.
Computed from 172 verified arm's-length sales in King County public records (9 in the trailing 24 months). Free public records. Not an appraisal.
Last sold: 2020-01-31 for $108,016,500 (recorded arm's-length sale).
Current ownership dates to 2020 (about 6 years) per recorded transfers.
2020-01-31: $108,016,500 from LCS-Westminster Propco LLC to Nhi-LCS JV I LLC, rec. 20200204001121
2020: transferred to LCS-Westminster Propco LLC, no consideration (3 recorded transfers, 2008 to 2020)
2005-03-15: $8,120,000 from Oly/Cougar General Partnership to LCS-Westminster Partnership III L L P, rec. 20050315001238
Source: King County recorded sales extract; buyer and seller shown only when a company or organization. Individual names are withheld.
Value over time
Dark line: county assessed value per King County tax rolls. Blue line: our estimate; dashed years are a modeled backcast built from recorded arm's-length sales in the building's segment, not estimates published at the time, and years without enough sales stay unmodeled. The shaded range is the model's measured error band; about half of verified sales in the segment land inside it. Diamonds: recorded arm's-length sales. Not an appraisal. How this estimate works.
Land, site, and value history
Assessed value moved from $50,000,000 (2011) to $164,659,900 (2026), up 229% over 15 years, per county tax rolls. The 2026 roll splits $164,659,900 into $10,338,000 land and $154,321,900 improvements.
Zoning: UV-MF (per King County)
Lot: 344,603 sq ft
Water: Water District (per King County)
Sewer: Public (per King County)
Access: Public
Street surface: Paved
Floor and use mix: Home For The Elderly 649,463 SF; Parking Structure 166,816 SF; Storage Warehouse 4,026 SF (county building sections)