MakeMe Estimate: $3.75M (estimated market value), with a likely range of $2.91M to $4.5M (half of recent verified sales in this segment landed inside that range). Based on 7 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 0.5 mi. This property type carries wider measured error; treat the estimate as a starting point. Comparable-sale caveat: the estimate is 54% below the $731.09/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.
2025-02-19: $3,500,000 from MGRM LLC to 16421 Cleveland Street LLC (part of a 2-parcel sale; price is the whole deal), rec. 20250220000436
2016-11-10: $31,000,000 from Private party to MGRM LLC (part of a 12-parcel sale; price is the whole deal), rec. 20161110001581
2016: transferred to RC TC Meridian Ridge LLC, no consideration (2 recorded transfers, 2015 to 2016)
2006-02-09: $21,346,000 from Cleveland Street Square LLC to RC TC Meridian Ridge LLC+Cleveland Square LLC+… (part of a 12-parcel sale; price is the whole deal), rec. 20060216000842
1996-12-17: transfer from Private party to Cleveland Street Square LLC (part of a 12-parcel sale; price is the whole deal), rec. 199612240336
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 $2,956,400 (2011) to $2,880,600 (2026), down 3% over 15 years, per county tax rolls. The 2026 roll splits $2,880,600 into $1,744,900 land and $1,135,700 improvements.
Zoning: DTC (per King County)
Lot: 9,694 sq ft
Water: Water District (per King County)
Sewer: Public (per King County)
Access: Public
Street surface: Paved
Floor and use mix: Retail Store 11,230 SF (county building sections)