Office · Lake Forest Park · Seattle-Bellevue metro, WA
One of 13 reachable office buildings in Lake Forest Park. Larger than 38% of office buildings in Lake Forest Park (median 4,291 SF), derived from assessor records.
Usable building area
3,943 SF, King County Assessor
Lot size
15,943 SF, King County Assessor
Year built
1970, King County Assessor
Stories
1, King County Assessor
Predominant use
Bank, King County Assessor
Assessed value
$2,315,300, per the King County Assessor (not a market appraisal)
Assessed value per usable SF
$587.19/SF, derived from assessor records
Usable area / lot
0.25, derived from assessor records
Vintage
1970s vintage
Zoning
TC, King County
County use code
Bank
Nearby comparable buildings
Same building type, by distance. Assessor facts only; not an opinion of value.
MakeMe Estimate: $2.65M (estimated market value), with a likely range of $2.34M to $3.06M (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: 4 comparable sales within 3 miles; nearest 0.9 mi. This property type carries wider measured error; treat the estimate as a starting point. Comparable-sale caveat: the estimate is 84% above the $364.34/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.
Ownership tenure is not asserted for this parcel: the most recent recorded transfer is a non-market conveyance.
2025-09-24: $48,000,000 from MGP XI-A Town Center Lake Forest LLC to G&I XI Wa Retail LLC (part of a 2-parcel sale; price is the whole deal), rec. 20251015000705
2022-08-11: $53,100,000 from MGP XI Town Center Lake Forest LLC to MGP XI-A Town Center Lake Forest LLC (part of a 2-parcel sale; price is the whole deal), rec. 20220815001024
1988-06-27: transfer from Boettcher Western Properties to Lake Forest Park Associates (part of a 4-parcel sale; price is the whole deal), rec. 198806291634
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 $785,900 (2011) to $2,315,300 (2026), up 195% over 15 years, per county tax rolls. The 2026 roll splits $2,315,300 into $1,275,400 land and $1,039,900 improvements.
Zoning: TC (per King County)
Lot: 15,943 sq ft
Water: Water District (per King County)
Sewer: Public (per King County)
Access: Public
Street surface: Paved
Floor and use mix: Bank 3,943 SF (county building sections)