Small-Bay Industrial · Redmond · Seattle-Bellevue metro, WA
One of 298 reachable small-bay industrial buildings in Redmond. Larger than 58% of small-bay industrial buildings in Redmond (median 37,436 SF), derived from assessor records.
Usable building area
43,800 SF, King County Assessor
Lot size
106,682 SF, King County Assessor
Year built
1979, King County Assessor
Stories
1, King County Assessor
Predominant use
Industrial Park, King County Assessor
Assessed value
$13,575,300, per the King County Assessor (not a market appraisal)
Assessed value per usable SF
$309.94/SF, derived from assessor records
Usable area / lot
0.41, derived from assessor records
Vintage
1970s 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: $14.1M (estimated market value), with a likely range of $12.8M to $17.6M (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 1.8 mi. This property type carries wider measured error; treat the estimate as a starting point. Recent sale check: this building sold for $13,500,000 in 2024; the estimate is about 4% apart. Treat the recorded trade as strong evidence alongside the model.
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: 2024-03-20 for $13,500,000 (recorded arm's-length sale).
Current ownership dates to 2024 (about 2 years) per recorded transfers.
2024-03-20: $13,500,000 from Alco Cedar Business Park LLC to Legacy Cedar Park LLC, rec. 20240320000627
2021-12-02: $13,400,000 from Eltz Cedar LP to Alco Cedar Business Park LLC, rec. 20211202001002
2006-12-31: transfer from Private party to Eltz-Cedar LP (non-market transfer), rec. 20070102002346
1996-08-30: $2,385,000 from Pace Willows Limited Partnership to Private party, rec. 199609031239
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 $3,775,300 (2011) to $13,575,300 (2026), up 260% over 15 years, per county tax rolls. The 2026 roll splits $13,575,300 into $8,534,500 land and $5,040,800 improvements.
Zoning: MP (per King County)
Lot: 106,682 sq ft
Water: Water District (per King County)
Sewer: Public (per King County)
Access: Public
Street surface: Paved
Floor and use mix: Industrial Flex Buildings 43,800 SF (county building sections)