11729 NE 118th St, Kirkland, WA 98034

Commercial · Kirkland · Seattle-Bellevue metro, WA

One of 138 reachable commercial buildings in Kirkland. Larger than 93% of commercial buildings in Kirkland (median 10,632 SF), derived from assessor records.

Usable building area
160,223 SF, King County Assessor
County gross area
193,753 SF, King County Assessor
Excluded area
33,530 SF outside primary usable area
Lot size
156,455 SF, King County Assessor
Year built
2020, King County Assessor
Stories
5, King County Assessor
Buildings on parcel
2, King County Assessor
Predominant use
Retirement Facility, King County Assessor
Units
153, King County Assessor
Assessed value
$41,896,700, per the King County Assessor (not a market appraisal)
Assessed value per usable SF
$261.49/SF, derived from assessor records
Usable area / lot
1.02, derived from assessor records
Vintage
2020s vintage
Zoning
TL 10B, King County
County use code
Retirement Facility

Nearby comparable buildings

Same building type, by distance. Assessor facts only; not an opinion of value.

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Sale history and market context

MakeMe Estimate: $50.5M (estimated market value), with a likely range of $38.5M to $65M (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). 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: 0 comparable sales within 3 miles; nearest 3.5 mi. This property type carries wider measured error; treat the estimate as a starting point. Comparable-sale caveat: the estimate is well above (more than double apart from) the $131.53/SF median of the shown comparable sales.

Comparable sales used as evidence

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.

Last sold: 2020-12-04 for $5,907,136 (recorded arm's-length sale).

Current ownership dates to 2020 (about 6 years) per recorded transfers.

Source: King County recorded sales extract; buyer and seller shown only when a company or organization. Individual names are withheld.

Value over time

$0$20M$40M$60M$80M20152018202120242026Last sold $5.91M · 2020$50.5M$41.9MCounty assessed valueMakeMe Estimate rangeRecorded sale

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 $4,882,100 (2015) to $41,896,700 (2026), up 758% over 11 years, per county tax rolls. The 2026 roll splits $41,896,700 into $0 land and $41,896,700 improvements.

Taxes