MakeMe Estimate: $4.84M (estimated market value), with a likely range of $3.92M to $5.61M (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: 1 comparable sale within 3 miles; nearest 0.8 mi. This property type carries wider measured error; treat the estimate as a starting point. Comparable-sale caveat: the estimate is 30% below the $603.82/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 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: 2015-03-12 for $2,475,000 (recorded arm's-length sale).
Current ownership dates to 2015 (about 11 years) per recorded transfers.
2015-03-12: $2,475,000 from Medyne One LLC to LH Bel-Red One LLC, rec. 20150317001309
2013-12-19: transfer from Lee-Park LLC to Medyne One LLC (non-market transfer), rec. 20131231000853
1999-06-18: $1,300,000 from Private party to Lee-Park LLC, rec. 19990625001071
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 $1,928,400 (2011) to $3,227,700 (2026), up 67% over 15 years, per county tax rolls. The 2026 roll splits $3,227,700 into $2,604,900 land and $622,800 improvements.
Zoning: BR-CR (per King County)
Lot: 20,038 sq ft
Water: Water District (per King County)
Sewer: Public (per King County)
Access: Public
Street surface: Paved
Floor and use mix: Retail Store 5,698 SF; Storage Warehouse 2,898 SF; Open Office 2,800 SF (county building sections)