11816 NE 112th St, Kirkland, WA 98033

Small-Bay Industrial · Kirkland · Seattle-Bellevue metro, WA

Imagery suggests: industrial warehouse. AI estimate from public imagery. In recent public imagery (2026-06), the building appears serviceable with visible wear. AI estimate from public imagery; may be outdated.

One of 112 reachable small-bay industrial buildings in Kirkland. Larger than 97% of small-bay industrial buildings in Kirkland (median 18,725 SF), derived from assessor records.

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Building size: 108,990 SF, King County Assessor
Lot size: 302,438 SF, King County Assessor
Year built: 1962, King County Assessor
Stories: 1, King County Assessor
Buildings on parcel: 2, King County Assessor
Predominant use: Industrial, King County Assessor
Assessed value: $21,733,700, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $199.41/SF, derived from assessor records
Lot coverage: 36%, derived from assessor records
Vintage: 1960s vintage
Zoning: TL 10D, King County
County use code: Industrial(Gen Purpose)
Construction (observed): masonry, AI estimate from public imagery
Parking (observed): surface lot, AI estimate from public imagery

Nearby comparable buildings

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

11251 120th Ave NE, Kirkland · 0.1 mi · 57,900 SF · built 1966 · assessed $229.75/SF
11435 120th Ave NE, Kirkland · 0.1 mi · 7,920 SF · built 1987 · assessed $287.94/SF
11326 120th Ave NE, Kirkland · 0.1 mi · 27,294 SF · built 1974 · assessed $182.79/SF
11232 120th Ave NE, Kirkland · 0.1 mi · 28,005 SF · built 1975 · assessed $338.44/SF
11837 NE 112th St, Kirkland · 0.1 mi · 5,200 SF · built 1967 · assessed $507.06/SF
11615 NE 116th St, Kirkland · 0.1 mi · 63,148 SF · built 1974 · assessed $198.93/SF

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Sale history and market context

MakeMe Estimate: $36,578,872 (estimated market value), with a likely range of $25,687,201 to $40,511,136 (half of recent verified sales in this segment landed inside that range). Based on 86 verified arm's-length comparable sales (through 2026-05-29). Not an appraisal. How this estimate works.

Last sold: 2016-05-23 for $11,150,000 (recorded arm's-length sale).

Current ownership dates to 2016 (about 10 years) per recorded transfers.

2016-05-23: $11,150,000 from Realty Associates Fund VIII L P to MRM KBC LLC, rec. 20160523001968

2007-07-06: $9,545,000 from Kirkland Associates to Realty Assocaites Fund VIII LP, rec. 20070706000337

2007-06-06: $92,987 from Kirkland Associates to Private party (non-market transfer), rec. 20070620002832

2 administrative transfers (no consideration), 1988 to 1991

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

Value over time

Solid line: county appraised value per King County tax rolls. Shaded range: our modeled estimate for each year, built from recorded arm's-length sales in the building's segment; years without enough sales stay unmodeled. Dots: recorded arm's-length sales. Not an appraisal. How this estimate works.

Land, site, and value history

Assessed value moved from $7,958,200 (2011) to $21,733,700 (2026), up 173% over 15 years, per county tax rolls. The 2026 roll splits $21,733,700 into $18,146,200 land and $3,587,500 improvements.

Zoning: TL 10D (per King County)

Lot: 302,438 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Storage Warehouse 91,509 SF; Warehouse Office 17,481 SF (county building sections)

County districts report (schools, fire, sewer, council; on kingcounty.gov)

Permit history

2022-03-24: Remodel, declared value $10,000 (Screened), permit BNR21-04930

2021-07-14: Other, declared value $143,140 (Complete), permit BNR21-05314

2021-07-13: Other, declared value $143,140 (Defunct), permit BMU21-05241

2013-12-19: Remodel, declared value $20,000 (Complete), permit BNR13-06693

1998-11-03: Demolition (Complete), permit BLD980928

1997-07-16: Accessory, New, declared value $2,500 (Complete), permit BLD971012

Source: King County permit records (newest first).