Small-Bay Industrial · Redmond · Seattle-Bellevue metro, WA
One of 298 reachable small-bay industrial buildings in Redmond. Larger than 92% of small-bay industrial buildings in Redmond (median 37,436 SF), derived from assessor records.
Usable building area
210,761 SF, King County Assessor
Lot size
1,018,457 SF, King County Assessor
Year built
2013, King County Assessor
Stories
1, King County Assessor
Predominant use
Distribution Warehouse, King County Assessor
Assessed value
$75,322,900, per the King County Assessor (not a market appraisal)
Assessed value per usable SF
$357.39/SF, derived from assessor records
Usable area / lot
0.21, derived from assessor records
Vintage
2010s vintage
Zoning
MP, King County
County use code
Warehouse
Nearby comparable buildings
Same building type, by distance. Assessor facts only; not an opinion of value.
MakeMe Estimate: $94.9M (estimated market value), with a likely range of $77.8M to $107M (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: 0 comparable sales within 3 miles; nearest 13.9 mi. This property type carries wider measured error; treat the estimate as a starting point. Comparable-sale caveat: the estimate is well above (more than double apart from) the $208.92/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: 2019-12-17 for $81,500,000 (recorded arm's-length sale).
Current ownership dates to 2019 (about 7 years) per recorded transfers.
2019-12-17: $81,500,000 from Franklin-Redmond LLC to RPT Seattle East Industrial LLC, rec. 20191217001578
2013-10-25: $60,625,000 from Suncap Seattle LLC to Franklin-Redmond LLC, rec. 20131025000647
2013-06-06: transfer from Suncap Seattle LLC to City of Redmond (non-market transfer), rec. 20131023000981
2012-10-12: $16,872,500 from Taylor Union Hill LLC+Magnussen-Cadman LLC to Suncap Seattle LLC, rec. 20121017001210
2012-08-20: transfer from Weyerhaeuser CO to Taylor Union Hill LLC+Magnussen-Cadman LLC (non-market transfer), rec. 20121002000894
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 $13,202,200 (2011) to $75,322,900 (2026), up 471% over 15 years, per county tax rolls. The 2026 roll splits $75,322,900 into $50,922,800 land and $24,400,100 improvements.
Zoning: MP (per King County)
Lot: 1,018,457 sq ft
Water: Water District (per King County)
Sewer: Public (per King County)
Access: Public
Street surface: Paved
Floor and use mix: Mega Warehouse 202,579 SF; Warehouse Office 8,182 SF (county building sections)