MakeMe Estimate: $39.4M (estimated market value), with a likely range of $30.6M to $47.3M (half of recent verified sales in this segment landed inside that range). Based on 4 verified arm's-length comparable sales (through 2026-06-01). Not an appraisal. How this estimate works.
lower confidence: 1 comparable sale within 3 miles; nearest 1.9 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 $102.91/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: Retail in Kent
median verified sale $381.36/SF over the trailing 24 months; 13 sales in the last 12 months and 24 in 24 (newest verified sale 2026-05); the middle 80% of recent sales traded at 0.87x to 3.00x their county assessed value, median 1.15x (24 sales with usable county values).
2022: $298.86/SF median (14 sales)
2023: $360.42/SF median (10 sales)
2024: $509.09/SF median (8 sales)
2025: $367.19/SF median (12 sales)
2026 YTD: $411.33/SF median (5 sales)
This estimate sits at 1.03x county assessed value, the 38th percentile of those recent sale premiums.
Computed from 390 verified arm's-length sales in King County public records (24 in the trailing 24 months). Free public records. Not an appraisal.
Last sold: 2002-05-30 for $21,900,000 (recorded arm's-length sale).
Ownership tenure is not asserted for this parcel: the most recent recorded transfer is a non-market conveyance.
2005: transferred to City of Kent, no consideration (2 recorded transfers, 2002 to 2005)
2002-05-30: $21,900,000 from Regency Centers LP Attn:chad Braithwaite to Lakha Willows Properties LLC Attn:andy Lakha, rec. 20020530002356
1999-03-01: transfer from Regency Realty Corporation to Private party (non-market transfer), rec. 199903261829
1996-12-20: $17,989,469 from Spieker Properties L P to Private party (non-market transfer), rec. 199612201328
1994-03-01: $16,800,000 from Private party to Spieker Properties L P, rec. 199403011012
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 $26,417,700 (2011) to $38,119,600 (2026), up 44% over 15 years, per county tax rolls. The 2026 roll splits $38,119,600 into $13,914,800 land and $24,204,800 improvements.
Zoning: CC (per King County)
Lot: 632,491 sq ft
Water: Water District (per King County)
Sewer: Public (per King County)
Access: Public
Street surface: Paved
Floor and use mix: Line Retail 57,803 SF; Retail Store 52,610 SF; Fitness Center 45,000 SF; Restaurant, Table Service 7,060 SF; Bank 3,720 SF (county building sections)