MakeMe Estimate: $3.32M (estimated market value), with a likely range of $2.93M to $3.84M (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: 0 comparable sales within 3 miles; nearest 3.8 mi. This property type carries wider measured error; treat the estimate as a starting point. Recent sale check: this building sold for $3,870,000 in 2024; the estimate is about 14% 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: Office in Renton
median verified sale $283.97/SF over the trailing 24 months; 4 sales in the last 12 months and 9 in 24 (newest verified sale 2025-12); the middle 80% of recent sales traded at 0.96x to 1.35x their county assessed value, median 1.01x (9 sales with usable county values).
2021: $294.01/SF median (5 sales)
2022: $290.17/SF median (6 sales)
2023: $272.49/SF median (7 sales)
2024: $288.89/SF median (5 sales)
2025: $274.56/SF median (4 sales)
This estimate sits at 1.16x county assessed value, the 78th percentile of those recent sale premiums.
Computed from 260 verified arm's-length sales in King County public records (9 in the trailing 24 months). Free public records. Not an appraisal.
Last sold: 2024-12-27 for $3,870,000 (recorded arm's-length sale).
Current ownership dates to 2024 (about 2 years) per recorded transfers.
2024-12-27: $3,870,000 from Private party to Petrovitsky Road Holdings LLC, rec. 20241231000095
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 $1,583,000 (2011) to $2,870,000 (2026), up 81% over 15 years, per county tax rolls. The 2026 roll splits $2,870,000 into $1,070,200 land and $1,799,800 improvements.
Zoning: CB (per King County)
Lot: 27,443 sq ft
Water: Water District (per King County)
Sewer: Public (per King County)
Access: Public
Street surface: Paved
Floor and use mix: Office Building 8,300 SF; Line Retail 2,700 SF (county building sections)