MakeMe Estimate: $18.5M (estimated market value), with a likely range of $14.4M to $22.2M (half of recent verified sales in this segment landed inside that range). Based on 6 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 0.5 mi. This property type carries wider measured error; treat the estimate as a starting point. Comparable-sale caveat: the estimate is 48% above the $337.59/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: 2015-06-04 for $11,000,000 (recorded arm's-length sale).
Current ownership dates to 2015 (about 11 years) per recorded transfers.
2015-06-04: $11,000,000 from Flamingo Air LLC to 520 Bellevue II LLC, rec. 20150605001519
2005-12-05: $5,000,000 from Private party to Flamingo Air LLC, rec. 20051212001222
2004-04-22: $11,012,000 from Fairways NW II INC to Private party (part of a 2-parcel sale; price is the whole deal), rec. 20040422001203
1999-04-21: $12,612,000 from Commercial Real Estate Company to Fairways NW II INC (part of a 2-parcel sale; price is the whole deal), rec. 199904232185
1995-06-07: $2,008,119 from Magnolia-Olympic Properties Prnshp to Commercial Real Estate Company, rec. 199506080718
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 $4,635,700 (2011) to $12,394,300 (2026), up 167% over 15 years, per county tax rolls. The 2026 roll splits $12,394,300 into $8,279,600 land and $4,114,700 improvements.
Zoning: BR-GC (per King County)
Lot: 78,854 sq ft
Water: Water District (per King County)
Sewer: Public (per King County)
Access: Private
Street surface: Paved
Floor and use mix: Auto Dealership, Complete 36,979 SF (county building sections)