Small-Bay Industrial · Redmond · Seattle-Bellevue metro, WA
One of 298 reachable small-bay industrial buildings in Redmond. Larger than 83% of small-bay industrial buildings in Redmond (median 37,436 SF), derived from assessor records.
Usable building area
102,704 SF, King County Assessor
Lot size
216,609 SF, King County Assessor
Year built
1998, King County Assessor
Stories
3, King County Assessor
Predominant use
High Tech/High Flex, King County Assessor
Assessed value
$42,288,400, per the King County Assessor (not a market appraisal)
Assessed value per usable SF
$411.75/SF, derived from assessor records
Usable area / lot
0.47, derived from assessor records
Vintage
1990s vintage
Zoning
OBAT, King County
County use code
High Tech/High Flex
Nearby comparable buildings
Same building type, by distance. Assessor facts only; not an opinion of value.
MakeMe Estimate: $44.3M (estimated market value), with a likely range of $40.3M to $55.5M (half of recent verified sales in this segment landed inside that range). Based on 4 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 0.2 mi. This property type carries wider measured error; treat the estimate as a starting point.
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.
Last sold: 2007-01-03 for $29,979,090 (recorded arm's-length sale).
Current ownership dates to 2018 (about 8 years) per recorded transfers.
2018-06-20: $249,985,000 from Bre D/L Property Owner LLC to Microsoft Corporation (part of a 4-parcel sale; price is the whole deal), rec. 20180620000292
2016-11-10: $109,990,808 from Hines REIT Laguna Campus LLC to Bre D/L Property Owner LLC (part of a 3-parcel sale; price is the whole deal), rec. 20161115001378
2009-12-22: transfer from Hines REIT Laguna Campus LLC to City of Redmond (non-market transfer), rec. 20091230000922
2007-01-03: $29,979,090 from GPH Laguna North Building LLC Et Al to Hines REIT Laguna Campus LLC, rec. 20070103001816
2007-01-03: $14,404,008 from GPH Laguna North Land LLC Et Al to Hines REIT Laguna Campus LLC, rec. 20070103001815
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 $16,150,200 (2011) to $42,288,400 (2026), up 162% over 15 years, per county tax rolls. The 2026 roll splits $42,288,400 into $15,162,600 land and $27,125,800 improvements.
Zoning: OBAT (per King County)
Lot: 216,609 sq ft
Water: Water District (per King County)
Sewer: Public (per King County)
Access: Public
Street surface: Paved
Floor and use mix: Open Office 102,704 SF (county building sections)