MakeMe Estimate: $29.5M (estimated market value), with a likely range of $22.9M to $35.4M (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: 0 comparable sales within 3 miles; nearest 4 mi. This property type carries wider measured error; treat the estimate as a starting point. Recent sale check: this building sold for $32,000,000 in 2026; the estimate is about 8% apart. Treat the recorded trade as strong evidence alongside the model.
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: 2026-02-02 for $32,000,000 (recorded arm's-length sale).
Current ownership dates to 2026 per recorded transfers.
2026-02-02: $32,000,000 from Fred Meyer Stores INC to LTF Real Estate Company INC, rec. 20260202000874
2001-10-16: transfer from Roundup CO to City of Redmond (non-market transfer), rec. 20011221000170
2001-06-18: $10,000,000 from Costco Wholesale Corporation to Roundup CO, rec. 20010620001276
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 $16,240,400 (2011) to $24,351,400 (2026), up 50% over 15 years, per county tax rolls. The 2026 roll splits $24,351,400 into $21,352,300 land and $2,999,100 improvements.
Zoning: UMU (per King County)
Lot: 427,046 sq ft
Water: Water District (per King County)
Sewer: Public (per King County)
Access: Public
Street surface: Paved
Floor and use mix: Warehouse Discount Store 105,273 SF (county building sections)