MakeMe Estimate: $18.7M (estimated market value), with a likely range of $14.6M to $22.5M (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: 0 comparable sales within 3 miles; nearest 9.3 mi. This property type carries wider measured error; treat the estimate as a starting point. Comparable-sale caveat: the estimate is 73% above the $345.55/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 Redmond
median verified sale $689.08/SF over the trailing 24 months; 4 sales in the last 12 months and 6 in 24 (newest verified sale 2026-02).
Computed from 99 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.
2022-01-24: transfer from MGP XII Overlake East LLC to City of Redmond (non-market transfer), rec. 20220128001451
2019-09-17: $41,000,000 from Overlake Center LLC to MGP XII Overlake East LLC (part of a 2-parcel sale; price is the whole deal), rec. 20190918001557
2004-12-29: $21,800,000 from Lakha Overlake Properties LLC to G Group LLC (part of a 2-parcel sale; price is the whole deal), rec. 20041230001618
1999-03-19: $15,400,000 from Private party to Lakha Overlake Properties LLC (part of a 2-parcel sale; price is the whole deal), rec. 199903230434
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 $12,714,900 (2011) to $16,113,300 (2026), up 27% over 15 years, per county tax rolls. The 2026 roll splits $16,113,300 into $11,676,600 land and $4,436,700 improvements.
Zoning: OV (per King County)
Lot: 116,766 sq ft
Water: Water District (per King County)
Sewer: Public (per King County)
Access: Public
Street surface: Paved
Floor and use mix: Line Retail 27,660 SF; Retail Store 3,750 SF (county building sections)