12534 Lake City Way NE, Seattle, WA 98125

NNN Retail · Seattle · Seattle-Bellevue metro, WA

Imagery suggests: multi-level commercial building, appears multi-tenant. 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 AI estimate from public imagery; may be outdated.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 1,026 reachable nnn retail buildings in Seattle. Larger than 72% of nnn retail buildings in Seattle (median 5,208 SF), derived from assessor records.

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Building size: 9,500 SF, King County Assessor
Lot size: 11,000 SF, King County Assessor
Year built: 1946, King County Assessor
Stories: 1, King County Assessor
Predominant use: Restaurant And Bar, King County Assessor
Assessed value: $1,926,600, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $202.80/SF, derived from assessor records
Lot coverage: 86%, derived from assessor records
Vintage: 1940s vintage
Zoning: NC3P-95 (M), King County
County use code: Restaurant/Lounge
Construction (observed): wood frame, 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.

12513 Lake City Way NE, Seattle · 0.1 mi · 29,695 SF · built 2007 · assessed $356.50/SF
12348 Lake City Way NE, Seattle · 0.1 mi · 1,170 SF · built 1936 · assessed $289.57/SF
12337 Lake City Way NE, Seattle · 0.2 mi · 7,620 SF · built 1945 · assessed $163.39/SF
12332 Lake City Way NE, Seattle · 0.2 mi · 3,780 SF · built 1940 · assessed $228.15/SF
12335 Lake City Way NE, Seattle · 0.2 mi · 2,638 SF · built 1946 · assessed $259.29/SF
12315 Lake City Way NE, Seattle · 0.2 mi · 3,628 SF · built 1931 · assessed $370.76/SF

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Sale history and market context

MakeMe Estimate: $2,522,469 (estimated market value), with a likely range of $2,107,273 to $2,857,934 (half of recent verified sales in this segment landed inside that range). Based on 152 verified arm's-length comparable sales (through 2026-05-29). Not an appraisal. How this estimate works.

Current ownership dates to 2007 (about 19 years) per recorded transfers.

2020-12-30: transfer from Lei Company LLC to Lei & Lei LLC (non-market transfer), rec. 20210104001577

2007-02-08: $1,264,000 from Private party to Lei Company LLC (non-market transfer), rec. 20070208001771

2000-01-06: $118,500 from Private party to Private party (non-market transfer), rec. 20000106000102

1998-10-22: transfer from Private party to Private party (non-market transfer), rec. 199811042727

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 $1,235,000 (2011) to $1,926,600 (2026), up 56% over 15 years, per county tax rolls. The 2026 roll splits $1,926,600 into $1,760,000 land and $166,600 improvements.

Zoning: NC3P-95 (M) (per King County)

Lot: 11,000 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Basement, Finished 4,750 SF; Restaurant, Table Service 4,750 SF (county building sections)

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