Small-Bay Industrial · Bellevue · Seattle-Bellevue metro, WA
One of 180 reachable small-bay industrial buildings in Bellevue. Larger than 71% of small-bay industrial buildings in Bellevue (median 15,183 SF), derived from assessor records.
Usable building area
23,553 SF, King County Assessor
Lot size
67,746 SF, King County Assessor
Year built
1979, King County Assessor
Stories
1, King County Assessor
Buildings on parcel
2, King County Assessor
Predominant use
Industrial Park, King County Assessor
Assessed value
$7,114,300, per the King County Assessor (not a market appraisal)
Assessed value per usable SF
$302.05/SF, derived from assessor records
Usable area / lot
0.35, derived from assessor records
Vintage
1970s vintage
Zoning
BR-GC, King County
County use code
Industrial Park
Nearby comparable buildings
Same building type, by distance. Assessor facts only; not an opinion of value.
MakeMe Estimate: $8.52M (estimated market value), with a likely range of $7.45M to $11.5M (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). 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: 1 comparable sale within 3 miles; nearest 1.6 mi. This property type carries wider measured error; treat the estimate as a starting point. Recent sale check: this building sold for $8,850,000 in 2024; the estimate is about 4% apart. Treat the recorded trade as strong evidence alongside the model.
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: Industrial in Bellevue
median verified sale $462.93/SF over the trailing 24 months; 2 sales in the last 12 months and 5 in 24 (newest verified sale 2026-05).
Computed from 115 verified arm's-length sales in King County public records (5 in the trailing 24 months). Free public records. Not an appraisal.
Last sold: 2024-12-24 for $8,850,000 (recorded arm's-length sale).
Current ownership dates to 2024 (about 2 years) per recorded transfers.
2024-12-24: $8,850,000 from Tyst LLC to Center Bellevue Hindu Temple and Cultural, rec. 20250103000399
2021-06-28: $7,300,000 from Private party to Tyst LLC, rec. 20210629001421
2003-12-18: $2,910,000 from North Creek Business Park LLC to Seattle Mental Health Institute INC, rec. 20031218001625
2000-12-22: transfer from Private party to North Creek Business Park LLC (part of a 2-parcel sale; price is the whole deal), rec. 20001226000526
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 $3,820,800 (2011) to $7,114,300 (2026), up 86% over 15 years, per county tax rolls. The 2026 roll splits $7,114,300 into $7,113,300 land and $1,000 improvements.
Zoning: BR-GC (per King County)
Lot: 67,746 sq ft
Water: Water District (per King County)
Sewer: Public (per King County)
Access: Public
Street surface: Paved
Floor and use mix: Office Building 23,553 SF (county building sections)