Small-Bay Industrial · Kent · Seattle-Bellevue metro, WA
One of 670 reachable small-bay industrial buildings in Kent. Larger than 70% of small-bay industrial buildings in Kent (median 33,120 SF), derived from assessor records.
Usable building area
72,937 SF, King County Assessor
Lot size
175,681 SF, King County Assessor
Year built
1982, King County Assessor
Stories
1, King County Assessor
Predominant use
Office-Warehouse, King County Assessor
Assessed value
$13,669,300, per the King County Assessor (not a market appraisal)
Assessed value per usable SF
$187.41/SF, derived from assessor records
Usable area / lot
0.42, derived from assessor records
Vintage
1980s vintage
Zoning
I1, King County
County use code
Warehouse
Nearby comparable buildings
Same building type, by distance. Assessor facts only; not an opinion of value.
MakeMe Estimate: $15.5M (estimated market value), with a likely range of $12.7M to $17.5M (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.
moderate confidence: 9 comparable sales within 3 miles; nearest 1.1 mi. This property type carries wider measured error; treat the estimate as a starting point. Last arm's-length sale: $13,000,000 in 2021. 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. The strongest 5 of 9 nearby verified sales are shown. Buyer and seller names are withheld. Get this data via API.
Market context: Industrial in Kent
median verified sale $243.02/SF over the trailing 24 months; 15 sales in the last 12 months and 29 in 24 (newest verified sale 2026-04); the middle 80% of recent sales traded at 0.75x to 1.61x their county assessed value, median 1.17x (28 sales with usable county values).
2022: $303.98/SF median (13 sales)
2023: $224.60/SF median (10 sales)
2024: $236.22/SF median (15 sales)
2025: $323.66/SF median (15 sales)
This estimate sits at 1.13x county assessed value, the 50th percentile of those recent sale premiums.
Computed from 681 verified arm's-length sales in King County public records (29 in the trailing 24 months). Free public records. Not an appraisal.
Last sold: 2021-11-22 for $13,000,000 (recorded arm's-length sale).
Current ownership dates to 2021 (about 5 years) per recorded transfers.
2021-11-22: $13,000,000 from Spence Group INC to Two14forty LLC, rec. 20211130002308
2009-10-02: transfer from Gsi Group LLC to Spence Group INC (non-market transfer), rec. 20091007001114
2004-07-28: $3,500,000 from Alaska Laborers-Employers Retirement Trust Fund TH… to G S I Group LLC (non-market transfer), rec. 20040730001403
1983-05-20: $3,686,584 from Private party to Private party, rec. 198306010558
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 $4,503,300 (2011) to $13,669,300 (2026), up 204% over 15 years, per county tax rolls. The 2026 roll splits $13,669,300 into $5,314,300 land and $8,355,000 improvements.
Zoning: I1 (per King County)
Lot: 175,681 sq ft
Water: Water District (per King County)
Sewer: Public (per King County)
Access: Public
Street surface: Paved
Floor and use mix: Storage Warehouse 46,013 SF; Warehouse Office 13,462 SF (county building sections)