Small-Bay Industrial · Redmond · Seattle-Bellevue metro, WA
One of 298 reachable small-bay industrial buildings in Redmond. Larger than 67% of small-bay industrial buildings in Redmond (median 37,436 SF), derived from assessor records.
Usable building area
55,975 SF, King County Assessor
Lot size
166,235 SF, King County Assessor
Year built
1987, King County Assessor
Stories
1, King County Assessor
Buildings on parcel
2, King County Assessor
Predominant use
Industrial Park, King County Assessor
Assessed value
$18,633,800, per the King County Assessor (not a market appraisal)
Assessed value per usable SF
$332.90/SF, derived from assessor records
Usable area / lot
0.34, derived from assessor records
Vintage
1980s vintage
Zoning
MP, King County
County use code
Industrial Park
Nearby comparable buildings
Same building type, by distance. Assessor facts only; not an opinion of value.
MakeMe Estimate: $20.3M (estimated market value), with a likely range of $18.5M to $25.4M (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: 3 comparable sales within 3 miles; nearest 1.9 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.
Ownership tenure is not asserted for this parcel: the most recent recorded transfer is a non-market conveyance.
2005-07-07: $5,800,000 from Private party to Rex Land Company (non-market transfer), rec. 20050711001263
1992-12-01: $2,490,000 from Private party to Private party (non-market transfer), rec. 199212011953
1992-12-01: transfer from Private party to Private party (non-market transfer), rec. 199310182327
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 $5,272,100 (2011) to $18,633,800 (2026), up 253% over 15 years, per county tax rolls. The 2026 roll splits $18,633,800 into $14,961,100 land and $3,672,700 improvements.
Zoning: MP (per King County)
Lot: 166,235 sq ft
Water: Water District (per King County)
Sewer: Public (per King County)
Access: Public
Street surface: Paved
Floor and use mix: Storage Warehouse 26,880 SF; Industrial Flex Buildings 20,135 SF; Warehouse Office 8,960 SF (county building sections)