Small-Bay Industrial · Seattle · Seattle-Bellevue metro, WA
One of 2,011 reachable small-bay industrial buildings in Seattle. Larger than 50% of small-bay industrial buildings in Seattle (median 10,000 SF), derived from assessor records.
Usable building area
10,200 SF, King County Assessor
Lot size
9,000 SF, King County Assessor
Year built
1928, King County Assessor
Stories
1, King County Assessor
Predominant use
Warehouse, King County Assessor
Assessed value
$2,828,300, per the King County Assessor (not a market appraisal)
Assessed value per usable SF
$277.28/SF, derived from assessor records
Usable area / lot
1.13, derived from assessor records
Vintage
pre-war vintage
Zoning
II U/160, King County
County use code
Warehouse
Nearby comparable buildings
Same building type, by distance. Assessor facts only; not an opinion of value.
MakeMe Estimate: $3.66M (estimated market value), with a likely range of $3.01M 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). Not an appraisal. How this estimate works.
moderate confidence: 7 comparable sales within 3 miles; nearest 0.1 mi. This property type carries wider measured error; treat the estimate as a starting point. Last arm's-length sale: $1,172,785 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 7 nearby verified sales are shown. Buyer and seller names are withheld. Get this data via API.
Market context: Industrial in Seattle
median verified sale $313.30/SF over the trailing 24 months; 40 sales in the last 12 months and 81 in 24 (newest verified sale 2026-05); the middle 80% of recent sales traded at 0.66x to 1.59x their county assessed value, median 1.06x (80 sales with usable county values).
2022: $360.01/SF median (39 sales)
2023: $354.62/SF median (33 sales)
2024: $329.79/SF median (32 sales)
2025: $289.77/SF median (46 sales)
2026 YTD: $307.69/SF median (11 sales)
This estimate sits at 1.30x county assessed value, the 73rd percentile of those recent sale premiums.
Computed from 1,501 verified arm's-length sales in King County public records (81 in the trailing 24 months). Free public records. Not an appraisal.
Last sold: 2021-04-29 for $1,172,785 (recorded arm's-length sale).
Current ownership dates to 2024 (about 2 years) per recorded transfers.
2024-12-16: $8,400,000 from First Avenue Seattle Partners LLC to Kent 228 LLC (part of a 2-parcel sale; price is the whole deal), rec. 20241216000438
2021-04-29: $1,172,785 from Levelment LLC to First Avenue Seattle Partners LLC, rec. 20210430000173
2021-04-29: $1,069,800 from Predation LLC to First Avenue Seattle Partners LLC, rec. 20210430000171
2019: transferred to Levelment LLC, no consideration (3 recorded transfers, 1999 to 2019)
1995-01-20: $525,000 from Wenex INC A Washington Corp to Private party, rec. 199501250255
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 $1,222,900 (2011) to $2,828,300 (2026), up 131% over 15 years, per county tax rolls. The 2026 roll splits $2,828,300 into $1,080,000 land and $1,748,300 improvements.
Zoning: II U/160 (per King County)
Lot: 9,000 sq ft
Water: Water District (per King County)
Sewer: Public (per King County)
Access: Public
Floor and use mix: Warehouse Showroom Store 9,000 SF (county building sections)