MakeMe Estimate: $10.9M (estimated market value), with a likely range of $9.62M to $12.6M (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: 3 comparable sales within 3 miles; nearest 0.4 mi. This property type carries wider measured error; treat the estimate as a starting point. Last arm's-length sale: $12,415,500 in 2022. The market has moved since; the estimate reflects current county values and ratios, not that price. Comparable-sale caveat: the estimate is 32% above the $489.18/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: Office in Kirkland
median verified sale $671.75/SF over the trailing 24 months; 5 sales in the last 12 months and 8 in 24 (newest verified sale 2026-05); the middle 80% of recent sales traded at 1.02x to 2.09x their county assessed value, median 1.68x (8 sales with usable county values).
2022: $733.43/SF median (5 sales)
2023: $571.06/SF median (4 sales)
2024: $466.12/SF median (5 sales)
2025: $725/SF median (5 sales)
This estimate sits at 1.36x county assessed value, the 38th percentile of those recent sale premiums.
Computed from 246 verified arm's-length sales in King County public records (8 in the trailing 24 months). Free public records. Not an appraisal.
Last sold: 2022-04-15 for $12,415,500 (recorded arm's-length sale).
Current ownership dates to 2022 (about 4 years) per recorded transfers.
2022-04-15: $12,415,500 from Orthowashington Properties LLC to Swyft Totem Lake LLC, rec. 20220415000782
2017-12-08: $7,200,000 from Institute Properties LLC to Orthowashington Properties LLC, rec. 20171213000865
1997-10-29: $1,630,000 from Private party to Institute Properties LLC, rec. 199710311064
1993-08-23: transfer from Private party to Private party (part of a 18-parcel sale; price is the whole deal), rec. 199309100000
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 $2,939,300 (2011) to $8,006,900 (2026), up 172% over 15 years, per county tax rolls. The 2026 roll splits $8,006,900 into $4,398,000 land and $3,608,900 improvements.
Zoning: TL 1A (per King County)
Lot: 46,295 sq ft
Water: Water District (per King County)
Sewer: Public (per King County)
Access: Public
Street surface: Paved
Floor and use mix: Office Building 16,928 SF (county building sections)