MakeMe Estimate: $3.27M (estimated market value), with a likely range of $2.3M to $4.14M (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). The county roll carries a nominal improvement value for this parcel, so the estimate leans on comparable sales and the county-confirmed building area rather than the county land and improvement split. Not an appraisal. How this estimate works.
lower confidence: 0 comparable sales within 3 miles; nearest 3.7 mi. This property type carries wider measured error; treat the estimate as a starting point. Last arm's-length sale: $2,400,000 in 2022. The market has moved since; the estimate reflects current county values and ratios, not that price.
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 Bellevue
median verified sale $545.45/SF over the trailing 24 months; 1 sales in the last 12 months and 5 in 24 (newest verified sale 2025-05).
2021: $734.18/SF median (6 sales)
2022: $1,593/SF median (5 sales)
Computed from 183 verified arm's-length sales in King County public records (5 in the trailing 24 months). Free public records. Not an appraisal.
Last sold: 2022-12-27 for $2,400,000 (recorded arm's-length sale).
Current ownership dates to 2022 (about 4 years) per recorded transfers.
2022-12-27: $2,400,000 from Private party to Spring Syndication LLC, rec. 20221230000149
2007-08-23: transfer from Private party to Private party (non-market transfer), rec. 20070829001344
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 $968,800 (2011) to $2,425,100 (2026), up 150% over 15 years, per county tax rolls. The 2026 roll splits $2,425,100 into $2,424,100 land and $1,000 improvements.
Zoning: BR-GC (per King County)
Lot: 23,087 sq ft
Water: Water District (per King County)
Sewer: Public (per King County)
Access: Public
Street surface: Paved
Floor and use mix: Line Retail 5,400 SF (county building sections)