Small-Bay Industrial · Redmond · Seattle-Bellevue metro, WA
One of 298 reachable small-bay industrial buildings in Redmond. Larger than 20% of small-bay industrial buildings in Redmond (median 37,436 SF), derived from assessor records.
Usable building area
15,734 SF, King County Assessor
Lot size
74,655 SF, King County Assessor
Year built
2000, King County Assessor
Stories
2, King County Assessor
Predominant use
Warehouse, King County Assessor
Assessed value
$6,719,900, per the King County Assessor (not a market appraisal)
Assessed value per usable SF
$427.09/SF, derived from assessor records
Usable area / lot
0.21, derived from assessor records
Vintage
2000s vintage
Zoning
MP, King County
County use code
Warehouse
Nearby comparable buildings
Same building type, by distance. Assessor facts only; not an opinion of value.
MakeMe Estimate: $10.2M (estimated market value), with a likely range of $7.66M to $12.1M (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: 2 comparable sales within 3 miles; nearest 2.2 mi. This property type carries wider measured error; treat the estimate as a starting point. Comparable-sale caveat: the estimate is 95% above the $333.32/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: Industrial in Redmond
median verified sale $445.09/SF over the trailing 24 months; 5 sales in the last 12 months and 6 in 24 (newest verified sale 2026-05).
Computed from 238 verified arm's-length sales in King County public records (6 in the trailing 24 months). Free public records. Not an appraisal.
Current ownership dates to 1994 (about 32 years) per recorded transfers.
2000: transferred to City of Redmond, no consideration (2 recorded transfers, 1998 to 2000)
1994-01-18: $991,000 from Seattle First National Bank to Wallace/Knutsen Partnership (part of a 2-parcel sale; price is the whole deal), rec. 199401182019
1992-12-23: transfer from Private party to Seattle First Natl Bank (part of a 2-parcel sale; price is the whole deal), rec. 199212232057
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. Not an appraisal. How this estimate works.
Land, site, and value history
Assessed value moved from $1,083,400 (2011) to $6,719,900 (2026), up 520% over 15 years, per county tax rolls. The 2026 roll splits $6,719,900 into $6,718,900 land and $1,000 improvements.
Zoning: MP (per King County)
Lot: 74,655 sq ft
Water: Water District (per King County)
Sewer: Public (per King County)
Access: Public
Street surface: Paved
Floor and use mix: Warehouse, Distribution 12,590 SF; Warehouse Office 3,144 SF (county building sections)