MakeMe Estimate: $6.01M (estimated market value), with a likely range of $5.31M to $7.73M (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: 2 comparable sales within 3 miles; nearest 1.2 mi. This property type carries wider measured error; treat the estimate as a starting point. Last arm's-length sale: $4,645,452 in 2021. The market has moved since; the estimate reflects current county values and ratios, not that price.
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 Bellevue
median verified sale $711.85/SF over the trailing 24 months; 9 sales in the last 12 months and 11 in 24 (newest verified sale 2026-05); the middle 80% of recent sales traded at 0.90x to 2.59x their county assessed value, median 1.28x (11 sales with usable county values).
2022: $664.63/SF median (6 sales)
2023: $424.81/SF median (8 sales)
2024: $739.60/SF median (5 sales)
2025: $711.85/SF median (8 sales)
This estimate sits at 1.24x county assessed value, the 45th percentile of those recent sale premiums.
Computed from 582 verified arm's-length sales in King County public records (11 in the trailing 24 months). Free public records. Not an appraisal.
Last sold: 2021-06-24 for $4,645,452 (recorded arm's-length sale).
Current ownership dates to 2021 (about 5 years) per recorded transfers.
2021-06-24: $4,645,452 from Cascade Realty Group LLC to Evergreen 1412 LLC, rec. 20210625002521
2007-11-30: $3,000,000 from Pacific Office Park LLC to Cascade Realty Group LLC, rec. 20071206001194
2005-07-28: $2,000,000 from Osberg Construction Company to Pacific Office Park LLC, rec. 20050728001714
2005-03-30: $1,978,000 from Pro Ventures LLC to Osberg Construction Company, rec. 20050331003205
2001-12-05: transfer from Private party to Pro Ventures LLC (non-market transfer), rec. 20011212000438
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 $2,548,500 (2011) to $4,833,400 (2026), up 90% over 15 years, per county tax rolls. The 2026 roll splits $4,833,400 into $3,445,700 land and $1,387,700 improvements.
Zoning: O (per King County)
Lot: 27,566 sq ft
Water: Water District (per King County)
Sewer: Public (per King County)
Access: Public
Street surface: Paved
Floor and use mix: Medical Office 7,909 SF; Storage Warehouse 879 SF (county building sections)