MakeMe Estimate: $10.5M (estimated market value), with a likely range of $8.16M to $12.6M (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: 1 comparable sale within 3 miles; nearest 0.2 mi. This property type carries wider measured error; treat the estimate as a starting point. Comparable-sale caveat: the estimate is 35% above the $296.96/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.
Last sold: 2007-01-03 for $11,600,000 (recorded arm's-length sale).
Current ownership dates to 2007 (about 19 years) per recorded transfers.
2007-01-03: $11,600,000 from Skagen Plaza Investments LLC to Covington Holdings LLC, rec. 20070105001186
2005-06-15: $2,350,000 from Private party to Skagen Plaza Investments LLC (non-market transfer), rec. 20050616000785
2003-12-19: $15,000 from Private party to City of Covington (non-market transfer), rec. 20040129001125
2003-12-16: $397,984 from Private party to Wal-Mart Stores INC (non-market transfer), rec. 20031223001779
1990-03-15: transfer from Private party to State of Wa (non-market transfer), rec. 199005020215
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 $6,315,900 (2011) to $9,040,100 (2026), up 43% over 15 years, per county tax rolls. The 2026 roll splits $9,040,100 into $3,115,400 land and $5,924,700 improvements.
Zoning: MC (per King County)
Lot: 115,386 sq ft
Water: Water District (per King County)
Sewer: Public (per King County)
Access: Public
Street surface: Paved
Floor and use mix: Restaurant, Table Service 13,469 SF; Line Retail 12,804 SF (county building sections)