MakeMe Estimate: $6.11M (estimated market value), with a likely range of $4.95M to $7.07M (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 0.3 mi. This property type carries wider measured error; treat the estimate as a starting point. Comparable-sale caveat: the estimate is 33% above the $611.35/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 Redmond
median verified sale $689.08/SF over the trailing 24 months; 4 sales in the last 12 months and 6 in 24 (newest verified sale 2026-02).
Computed from 99 verified arm's-length sales in King County public records (6 in the trailing 24 months). Free public records. Not an appraisal.
Last sold: 2019-06-19 for $4,710,759 (recorded arm's-length sale).
Current ownership dates to 2019 (about 7 years) per recorded transfers.
2019-06-19: $4,710,759 from FW Wa-Overlake Fashion Plaza LLC to Seritage SRC Finance LLC, rec. 20190625000640
2005-06-01: $23,895,017 from US Retail Partners LLC to FW Wa-Overlake Fashion Plaza LLC (part of a 3-parcel sale; price is the whole deal), rec. 20050617001575
1998-10-01: $13,310,000 from MP Overlake Plaza INC to BPP Retail LLC (part of a 3-parcel sale; price is the whole deal), rec. 199810012326
1988-03-08: transfer from Private party to Rainier National Bank (part of a 4-parcel sale; price is the whole deal), rec. 198804130278
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 $1,925,500 (2011) to $4,717,000 (2026), up 145% over 15 years, per county tax rolls. The 2026 roll splits $4,717,000 into $3,849,100 land and $867,900 improvements.
Zoning: OV (per King County)
Lot: 42,768 sq ft
Water: Water District (per King County)
Sewer: Public (per King County)
Access: Public
Street surface: Paved
Floor and use mix: Restaurant, Table Service 7,500 SF (county building sections)