MakeMe Estimate: $19M (estimated market value), with a likely range of $14.7M to $22.8M (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: 1 comparable sale within 3 miles; nearest 3 mi. This property type carries wider measured error; treat the estimate as a starting point. Comparable-sale caveat: the estimate is well above (more than 3x apart from) the $152.58/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.
Current ownership dates to 2019 (about 7 years) per recorded transfers.
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 $5,498,200 (2011) to $16,309,600 (2026), up 197% over 15 years, per county tax rolls. The 2026 roll splits $16,309,600 into $7,005,400 land and $9,304,200 improvements.
Zoning: OV (per King County)
Lot: 70,054 sq ft
Water: Water District (per King County)
Sewer: Public (per King County)
Access: Public
Street surface: Paved
Floor and use mix: Discount Store 40,000 SF (county building sections)