MakeMe Estimate: $13.3M (estimated market value), with a likely range of $9.72M to $16.2M (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). 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 3.4 mi. This property type carries wider measured error; treat the estimate as a starting point.
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 Bellevue
median verified sale $545.45/SF over the trailing 24 months; 1 sales in the last 12 months and 5 in 24 (newest verified sale 2025-05).
2021: $734.18/SF median (6 sales)
2022: $1,593/SF median (5 sales)
Computed from 183 verified arm's-length sales in King County public records (5 in the trailing 24 months). Free public records. Not an appraisal.
Last sold: 1996-03-13 for $2,350,000 (recorded arm's-length sale).
Ownership tenure is not asserted for this parcel: the most recent recorded transfer is a non-market conveyance.
2020-09-11: $46,350,000 from Private party to Bel Red South LLC (part of a 7-parcel sale; price is the whole deal), rec. 20200914001635
2013-07-01: $1,525,000 from Bimbo Bakeries USA INC to Almar Limited Partnership (part of a 2-parcel sale; price is the whole deal), rec. 20130816002076
1996-12-04: transfer from Almar Properties to Almar Limited Partnership (part of a 3-parcel sale; price is the whole deal), rec. 199612091092
1996-03-13: $2,350,000 from Private party to Almar Properties, rec. 199603210766
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 $4,555,000 (2011) to $9,546,400 (2026), up 110% over 15 years, per county tax rolls. The 2026 roll splits $9,546,400 into $9,545,400 land and $1,000 improvements.
Zoning: BR-CR (per King County)
Lot: 70,707 sq ft
Water: Water District (per King County)
Sewer: Public (per King County)
Access: Public
Street surface: Paved
Floor and use mix: Storage Warehouse 30,053 SF; Retail Store 11,928 SF (county building sections)