MakeMe Estimate: $5.01M (estimated market value), with a likely range of $3.89M to $6.02M (half of recent verified sales in this segment landed inside that range). Based on 8 verified arm's-length comparable sales (through 2026-06-01). Not an appraisal. How this estimate works.
lower confidence: 1 comparable sale within 3 miles; nearest 1.4 mi. This property type carries wider measured error; treat the estimate as a starting point. Recent sale check: this building sold for $4,600,000 in 2024; the estimate is about 9% apart. Treat the recorded trade as strong evidence alongside the model. Comparable-sale caveat: the estimate is 26% below the $420.32/SF median of the shown comparable sales.
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: Retail in Kent
median verified sale $381.36/SF over the trailing 24 months; 13 sales in the last 12 months and 24 in 24 (newest verified sale 2026-05); the middle 80% of recent sales traded at 0.87x to 3.00x their county assessed value, median 1.15x (24 sales with usable county values).
2022: $298.86/SF median (14 sales)
2023: $360.42/SF median (10 sales)
2024: $509.09/SF median (8 sales)
2025: $367.19/SF median (12 sales)
2026 YTD: $411.33/SF median (5 sales)
This estimate sits at 1.12x county assessed value, the 50th percentile of those recent sale premiums.
Computed from 390 verified arm's-length sales in King County public records (24 in the trailing 24 months). Free public records. Not an appraisal.
Last sold: 2024-10-03 for $4,600,000 (recorded arm's-length sale).
Current ownership dates to 2024 (about 2 years) per recorded transfers.
2026-03-03: $1,654 from Chungs Real Company LLC to King County, rec. 20260331000395
2026-03-03: $1,066 from Chungs Real Company LLC to King County, rec. 20260331000381
2024-10-03: $4,600,000 from Private party to Chungs Real Company LLC, rec. 20241008000850
2024-04-11: $650,000 from Private party to Private party, rec. 20240417000270
2 administrative transfers (no consideration), 2022 to 2023
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 $2,938,500 (2011) to $4,469,100 (2026), up 52% over 15 years, per county tax rolls. The 2026 roll splits $4,469,100 into $1,168,700 land and $3,300,400 improvements.
Zoning: CC-MU (per King County)
Lot: 58,437 sq ft
Water: Water District (per King County)
Sewer: Public (per King County)
Access: Public
Street surface: Paved
Floor and use mix: Line Retail 16,179 SF (county building sections)