Small-Bay Industrial · Seatac · Seattle-Bellevue metro, WA
One of 54 reachable small-bay industrial buildings in Seatac. Larger than 61% of small-bay industrial buildings in Seatac (median 26,000 SF), derived from assessor records.
Usable building area
43,200 SF, King County Assessor
Lot size
121,000 SF, King County Assessor
Year built
1977, King County Assessor
Stories
1, King County Assessor
Predominant use
Building 1, King County Assessor
Assessed value
$7,739,000, per the King County Assessor (not a market appraisal)
Assessed value per usable SF
$179.14/SF, derived from assessor records
Usable area / lot
0.36, derived from assessor records
Vintage
1970s vintage
Zoning
I, King County
County use code
Warehouse
Nearby comparable buildings
Same building type, by distance. Assessor facts only; not an opinion of value.
MakeMe Estimate: $10.2M (estimated market value), with a likely range of $8.34M to $11.5M (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 0.2 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.
Current ownership dates to 2025 per recorded transfers.
2025-01-06: $29,000,000 from Lit Finance III LLC to BKM Seatac Industrial Park 309 LLC (part of a 3-parcel sale; price is the whole deal), rec. 20250109000384
2009-06-19: transfer from Lit Industrial Limited Parthership to Lit Finance III LLC (part of a 3-parcel sale; price is the whole deal), rec. 20090622002894
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 $3,143,400 (2011) to $7,739,000 (2026), up 146% over 15 years, per county tax rolls. The 2026 roll splits $7,739,000 into $1,905,700 land and $5,833,300 improvements.
Zoning: I (per King County)
Lot: 121,000 sq ft
Floor and use mix: Storage Warehouse 43,200 SF (county building sections)