Small-Bay Industrial · Seattle · Seattle-Bellevue metro, WA
One of 2,011 reachable small-bay industrial buildings in Seattle. Larger than 100% of small-bay industrial buildings in Seattle (median 10,000 SF), derived from assessor records.
Usable building area
507,770 SF, King County Assessor
Lot size
1,213,449 SF, King County Assessor
Year built
1970, King County Assessor
Stories
1, King County Assessor
Buildings on parcel
27, King County Assessor
Predominant use
Industrial(heavy), King County Assessor
Assessed value
$51,419,600, per the King County Assessor (not a market appraisal)
Assessed value per usable SF
$101.27/SF, derived from assessor records
Usable area / lot
0.42, derived from assessor records
Vintage
1970s vintage
Zoning
MML U/85, King County
County use code
Industrial(Heavy)
Nearby comparable buildings
Same building type, by distance. Assessor facts only; not an opinion of value.
MakeMe Estimate range: $68.4M to $117M (estimated market value range). This building's own 2022 recorded sale at $181M sits 91% above this estimate's midpoint, so we lead with the range rather than a single number. Based on 8 verified arm's-length comparable sales (through 2026-06-01). Not an appraisal. How this estimate works.
lower confidence: 2 comparable sales within 3 miles; nearest 2.5 mi. This property type carries wider measured error; treat the estimate as a starting point. Last arm's-length sale: $180,561,905 in 2022. The market has moved since; the estimate reflects current county values and ratios, not that price.
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 Seattle
median verified sale $313.30/SF over the trailing 24 months; 40 sales in the last 12 months and 81 in 24 (newest verified sale 2026-05); the middle 80% of recent sales traded at 0.66x to 1.59x their county assessed value, median 1.06x (80 sales with usable county values).
2022: $360.01/SF median (39 sales)
2023: $354.62/SF median (33 sales)
2024: $329.79/SF median (32 sales)
2025: $289.77/SF median (46 sales)
2026 YTD: $307.69/SF median (11 sales)
This estimate sits at 1.84x county assessed value, the 94th percentile of those recent sale premiums.
Computed from 1,501 verified arm's-length sales in King County public records (81 in the trailing 24 months). Free public records. Not an appraisal.
Last sold: 2022-03-11 for $180,561,905 (recorded arm's-length sale).
Current ownership dates to 2022 (about 4 years) per recorded transfers.
2022-03-11: $180,561,905 from Puget Sound Commerce Center INC to Protect Fleet Owner LLC, rec. 20220311000877
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 $19,258,500 (2011) to $51,419,600 (2026), up 167% over 15 years, per county tax rolls. The 2026 roll splits $51,419,600 into $40,351,800 land and $11,067,800 improvements.
Zoning: MML U/85 (per King County)
Lot: 1,213,449 sq ft
Site notes: Contamination noted
Water: Water District (per King County)
Sewer: Public (per King County)
Access: Public
Floor and use mix: Storage Warehouse 241,816 SF; Industrial Light Manufacturing 117,105 SF; Open Office 52,143 SF; Office Building 34,646 SF; Equipment Shed 8,248 SF; Garage, Service Repair 4,812 SF (county building sections)