MakeMe Estimate: $22.4M (estimated market value), with a likely range of $17.4M to $26.9M (half of recent verified sales in this segment landed inside that range). Based on 4 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.
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.
Last sold: 2006-03-31 for $23,000,000 (recorded arm's-length sale).
Current ownership dates to 2006 (about 20 years) per recorded transfers.
2006-03-31: $23,000,000 from MDS Realty II LLC to Kohl's Department Stores INC, rec. 20060331001463
2004-09-02: $10,935,749 from Mervyns LLC to MDS Realty II LLC (non-market transfer), rec. 20040924000797
1994-08-09: $4,400,000 from Avondale Redmond INC to Mervyn's INC, rec. 199408120753
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 $12,292,400 (2011) to $18,028,100 (2026), up 47% over 15 years, per county tax rolls. The 2026 roll splits $18,028,100 into $16,285,600 land and $1,742,500 improvements.
Zoning: UMU (per King County)
Lot: 325,712 sq ft
Water: Water District (per King County)
Sewer: Public (per King County)
Access: Public
Street surface: Paved
Floor and use mix: Discount Store 78,800 SF (county building sections)