Small-Bay Industrial · Redmond · Seattle-Bellevue metro, WA
One of 298 reachable small-bay industrial buildings in Redmond. Larger than 1% of small-bay industrial buildings in Redmond (median 37,436 SF), derived from assessor records.
Usable building area
2,000 SF, King County Assessor
Lot size
38,117 SF, King County Assessor
Year built
1992, King County Assessor
Stories
1, King County Assessor
Predominant use
Industrial Building, King County Assessor
Assessed value
$1,961,600, per the King County Assessor (not a market appraisal)
Assessed value per usable SF
$980.80/SF, derived from assessor records
Usable area / lot
0.05, derived from assessor records
Vintage
1990s vintage
Zoning
MP, King County
County use code
Industrial(Gen Purpose)
Nearby comparable buildings
Same building type, by distance. Assessor facts only; not an opinion of value.
MakeMe Estimate range: $1.64M to $2.8M (estimated market value range). This building's own 2026 recorded sale at $3.6M sits 59% 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: 0 comparable sales within 3 miles; nearest 9.9 mi. This property type carries wider measured error; treat the estimate as a starting point. Recent sale check: this building sold for $3,600,000 in 2026; the estimate is about 37% apart. Treat the recorded trade as strong evidence alongside the model. Comparable-sale caveat: the estimate is well above (more than 3x apart from) the $271.88/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.
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.
Last sold: 2026-03-19 for $3,600,000 (recorded arm's-length sale).
Current ownership dates to 2026 per recorded transfers.
2026-03-19: $3,600,000 from DCC Propane LLC to City of Redmond, rec. 20260320000927
2011-12-30: $523,200 from Pacer Propane LLC to Hicksgas LLC, rec. 20120103001699
1994-12-21: transfer from Pacer Properties INC to Private party (non-market transfer), rec. 199502080738
1993-09-15: $330,000 from Pacer Propane INC to Pacer Properties, rec. 199309161070
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 $654,000 (2011) to $1,961,600 (2026), up 200% over 15 years, per county tax rolls. The 2026 roll splits $1,961,600 into $1,905,800 land and $55,800 improvements.
Zoning: MP (per King County)
Lot: 38,117 sq ft
Water: Water District (per King County)
Sewer: Public (per King County)
Access: Public
Street surface: Paved
Floor and use mix: Industrial Light Manufacturing 2,000 SF (county building sections)