Small-Bay Industrial · Redmond · Seattle-Bellevue metro, WA
One of 298 reachable small-bay industrial buildings in Redmond. Larger than 33% of small-bay industrial buildings in Redmond (median 37,436 SF), derived from assessor records.
Usable building area
22,216 SF, King County Assessor
Lot size
67,926 SF, King County Assessor
Year built
1984, King County Assessor
Stories
1, King County Assessor
Predominant use
High Tech/High Flex, King County Assessor
Assessed value
$6,114,300, per the King County Assessor (not a market appraisal)
Assessed value per usable SF
$275.22/SF, derived from assessor records
Usable area / lot
0.33, derived from assessor records
Vintage
1980s vintage
Zoning
MP, 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: $7.47M (estimated market value), with a likely range of $6.53M to $10.1M (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.
moderate confidence: 5 comparable sales within 3 miles; nearest 0.1 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: 1990-06-27 for $868,449 (recorded arm's-length sale).
Current ownership dates to 2018 (about 8 years) per recorded transfers.
2018-11-30: $169,358,988 from KBS Sor Westpark Portfolio LLC to Keppel-KBS Westpark LLC (part of a 16-parcel sale; price is the whole deal), rec. 20181203000579
2016-05-10: $128,000,000 from Calwest Industrial Properties LLC to KBS Sor Westpark Portfolio LLC (part of a 16-parcel sale; price is the whole deal), rec. 20160510001197
2005-12-15: $111,000,000 from Tiaa Realty INC to Calwest Industrial Properties (part of a 16-parcel sale; price is the whole deal), rec. 20051216000241
1990-06-27: $868,449 from Redmond Technical Center #4 to Private party, rec. 199006270640
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 $2,716,400 (2011) to $6,114,300 (2026), up 125% over 15 years, per county tax rolls. The 2026 roll splits $6,114,300 into $6,113,300 land and $1,000 improvements.
Zoning: MP (per King County)
Lot: 67,926 sq ft
Water: Water District (per King County)
Sewer: Public (per King County)
Access: Public
Street surface: Paved
Floor and use mix: Warehouse Office 12,333 SF; Storage Warehouse 9,883 SF (county building sections)