MakeMe Estimate: $5.3M (estimated market value), with a likely range of $3.73M to $6.71M (half of recent verified sales in this segment landed inside that range). Based on 5 verified arm's-length comparable sales (through 2026-06-01). The county roll carries a nominal improvement value for this parcel, so the estimate leans on comparable sales and the county-confirmed building area rather than the county land and improvement split. Not an appraisal. How this estimate works.
lower confidence: 1 comparable sale within 3 miles; nearest 2.3 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: Retail in Bellevue
median verified sale $545.45/SF over the trailing 24 months; 1 sales in the last 12 months and 5 in 24 (newest verified sale 2025-05).
2021: $734.18/SF median (6 sales)
2022: $1,593/SF median (5 sales)
Computed from 183 verified arm's-length sales in King County public records (5 in the trailing 24 months). Free public records. Not an appraisal.
Ownership tenure is not asserted for this parcel: the most recent recorded transfer is a non-market conveyance.
2023-09-25: transfer from Private party to Midlakes I LLC (non-market transfer), rec. 20231004000415
2022-06-09: $118,764 from Private party to King County, rec.
2021-05-04: $402,750 from Private party to King County, rec. 20210505001882
2021-05-04: $146,250 from Private party to King County, rec. 20210505001881
2000-07-12: $356,083 from Private party to Private party (non-market transfer), rec. 20000714001009
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. Not an appraisal. How this estimate works.
Land, site, and value history
Assessed value moved from $1,396,400 (2011) to $3,227,900 (2026), up 131% over 15 years, per county tax rolls. The 2026 roll splits $3,227,900 into $3,226,900 land and $1,000 improvements.
Zoning: UC (per King County)
Lot: 17,443 sq ft
Water: Water District (per King County)
Sewer: Public (per King County)
Access: Public
Street surface: Paved
Floor and use mix: Line Retail 6,584 SF; Storage Warehouse 1,250 SF (county building sections)