23921 112th Ave SE, Kent, WA 98031

Commercial · Kent · Seattle-Bellevue metro, WA

One of 184 reachable commercial buildings in Kent. Larger than 36% of commercial buildings in Kent (median 17,415 SF), derived from assessor records.

Usable building area
7,298 SF, King County Assessor
Lot size
41,884 SF, King County Assessor
Year built
1986, King County Assessor
Stories
1, King County Assessor
Predominant use
Daycare Center, King County Assessor
Assessed value
$1,897,500, per the King County Assessor (not a market appraisal)
Assessed value per usable SF
$260/SF, derived from assessor records
Usable area / lot
0.17, derived from assessor records
Vintage
1980s vintage
Zoning
NR-4A, King County
County use code
Daycare Center

Nearby comparable buildings

Same building type, by distance. Assessor facts only; not an opinion of value.

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Sale history and market context

MakeMe Estimate range: $2.58M to $3.75M (estimated market value range). This building's own 2022 recorded sale at $5.25M sits 69% above this estimate's midpoint, so we lead with the range rather than a single number. Based on 8 verified arm's-length comparable sales (through 2026-06-01). Not an appraisal. How this estimate works.

moderate confidence: 4 comparable sales within 3 miles; nearest 1.2 mi. This property type carries wider measured error; treat the estimate as a starting point. Last arm's-length sale: $5,247,000 in 2022. The market has moved since; the estimate reflects current county values and ratios, not that price.

Comparable sales used as evidence

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: Commercial in Kent

median verified sale $268.35/SF over the trailing 24 months; 3 sales in the last 12 months and 11 in 24 (newest verified sale 2026-01); the middle 80% of recent sales traded at 0.64x to 1.38x their county assessed value, median 0.97x (11 sales with usable county values).

  • 2022: $267.20/SF median (4 sales)
  • 2024: $244.97/SF median (8 sales)

This estimate sits at 1.64x county assessed value, the 91st percentile of those recent sale premiums.

Computed from 124 verified arm's-length sales in King County public records (11 in the trailing 24 months). Free public records. Not an appraisal.

Last sold: 2022-08-19 for $5,247,000 (recorded arm's-length sale).

Current ownership dates to 2022 (about 4 years) per recorded transfers.

Source: King County recorded sales extract; buyer and seller shown only when a company or organization. Individual names are withheld.

Value over time

$0$2M$4M$6M201120142017202020232026$5.25MLast sold $1.95M · 2022$3.11M$1.9MCounty assessed valueMakeMe Estimate rangeRecorded sale

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 $1,350,100 (2011) to $1,897,500 (2026), up 41% over 15 years, per county tax rolls. The 2026 roll splits $1,897,500 into $712,000 land and $1,185,500 improvements.

Taxes