MakeMe Estimate: $2.8M (estimated market value), with a likely range of $2.01M to $3.52M (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: 3 comparable sales within 3 miles; nearest 1.2 mi. This property type carries wider measured error; treat the estimate as a starting point. Recent sale check: this building sold for $2,200,000 in 2025; the estimate is about 27% apart. Treat the recorded trade as strong evidence alongside the model. Comparable-sale caveat: the estimate is 34% above the $599.71/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: Retail in Kent
median verified sale $381.36/SF over the trailing 24 months; 13 sales in the last 12 months and 24 in 24 (newest verified sale 2026-05); the middle 80% of recent sales traded at 0.87x to 3.00x their county assessed value, median 1.15x (24 sales with usable county values).
2022: $298.86/SF median (14 sales)
2023: $360.42/SF median (10 sales)
2024: $509.09/SF median (8 sales)
2025: $367.19/SF median (12 sales)
2026 YTD: $411.33/SF median (5 sales)
This estimate sits at 1.34x county assessed value, the 71st percentile of those recent sale premiums.
Computed from 390 verified arm's-length sales in King County public records (24 in the trailing 24 months). Free public records. Not an appraisal.
Last sold: 2025-09-04 for $2,200,000 (recorded arm's-length sale).
Current ownership dates to 2025 per recorded transfers.
2025-09-04: $2,200,000 from Palmwood Enterprises LLC to Durja LLC, rec. 20250905000756
1997-06-17: transfer from J & O Northwest Ventures to Palmwood Enterprises LLC (non-market transfer), rec. 199708070151
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 $1,024,200 (2011) to $2,098,300 (2026), up 105% over 15 years, per county tax rolls. The 2026 roll splits $2,098,300 into $1,321,300 land and $777,000 improvements.
Zoning: I1 (per King County)
Lot: 40,041 sq ft
Water: Water District (per King County)
Sewer: Public (per King County)
Access: Public
Street surface: Paved
Floor and use mix: Fast Food Restaurant 3,496 SF (county building sections)