Small-Bay Industrial · Redmond · Seattle-Bellevue metro, WA
One of 298 reachable small-bay industrial buildings in Redmond. Larger than 77% of small-bay industrial buildings in Redmond (median 37,436 SF), derived from assessor records.
Usable building area
73,029 SF, King County Assessor
Lot size
170,502 SF, King County Assessor
Year built
1988, King County Assessor
Stories
2, King County Assessor
Predominant use
High Tech/High Flex, King County Assessor
Assessed value
$26,500,800, per the King County Assessor (not a market appraisal)
Assessed value per usable SF
$362.88/SF, derived from assessor records
Usable area / lot
0.43, derived from assessor records
Vintage
1980s vintage
Zoning
BP, King County
County use code
High Tech/High Flex
Nearby comparable buildings
Same building type, by distance. Assessor facts only; not an opinion of value.
MakeMe Estimate: $28.9M (estimated market value), with a likely range of $26.3M to $36.2M (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: 2 comparable sales within 3 miles; nearest 0.6 mi. This property type carries wider measured error; treat the estimate as a starting point.
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 Redmond
median verified sale $445.09/SF over the trailing 24 months; 5 sales in the last 12 months and 6 in 24 (newest verified sale 2026-05).
Computed from 238 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 2017 (about 9 years) per recorded transfers.
2017-11-02: $38,538,000 from Metzler I Bear Creek LP to LN Bear Creek LLC (part of a 2-parcel sale; price is the whole deal), rec. 20171102001953
2006-07-18: $39,841,508 from Bear Creek Corporate Center LLC to Private party (part of a 2-parcel sale; price is the whole deal), rec. 20060718000671
2005-06-09: $17,800,000 from Boston Scientific Corporation Northwest Technology… to Bear Creek Corporate Center LLC (part of a 2-parcel sale; price is the whole deal), rec. 20050614002614
1994-11-14: $17,745,000 from Private party to Heart Technology INC (part of a 2-parcel sale; price is the whole deal), rec. 199411220773
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 $14,076,900 (2011) to $26,500,800 (2026), up 88% over 15 years, per county tax rolls. The 2026 roll splits $26,500,800 into $6,820,000 land and $19,680,800 improvements.
Zoning: BP (per King County)
Lot: 170,502 sq ft
Water: Water District (per King County)
Sewer: Public (per King County)
Access: Public
Street surface: Paved
Floor and use mix: Open Office 73,029 SF (county building sections)