2454 Occidental Ave S, Seattle, WA 98134

Small-Bay Industrial · Seattle · Seattle-Bellevue metro, WA

Imagery suggests: small-bay flex, appears multi-tenant. AI estimate from public imagery. In recent public imagery (2026-06), the building appears well maintained. AI estimate from public imagery; may be outdated.

One of 1,229 reachable small-bay industrial buildings in Seattle. Larger than 87% of small-bay industrial buildings in Seattle (median 14,469 SF), derived from assessor records.

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Building size: 51,664 SF, King County Assessor
Lot size: 126,380 SF, King County Assessor
Year built: 1988, King County Assessor
Stories: 1, King County Assessor
Buildings on parcel: 3, King County Assessor
Predominant use: Ofc/Bldg-Bn Trans Ctr, King County Assessor
Assessed value: $19,023,700, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $368.22/SF, derived from assessor records
Lot coverage: 41%, derived from assessor records
Vintage: 1980s vintage
Zoning: II U/160, King County
County use code: Industrial Park
Construction (observed): masonry, AI estimate from public imagery
Parking (observed): surface lot, AI estimate from public imagery
Frontage (observed): mid block, AI estimate from public imagery

Nearby comparable buildings

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

2424 1st Ave S, Seattle · 0 mi · 17,040 SF · built 1918 · assessed $147.46/SF
2418 1st Ave S, Seattle · 0.1 mi · 10,200 SF · built 1928 · assessed $277.28/SF
2456 1st Ave S, Seattle · 0.1 mi · 6,000 SF · built 1921 · assessed $297.45/SF
2462 1st Ave S, Seattle · 0.1 mi · 6,000 SF · built 1918 · assessed $205.05/SF
151 S Lander St, Seattle · 0.1 mi · 16,902 SF · built 1992 · assessed $378.88/SF
2710 1st Ave S, Seattle · 0.1 mi · 20,400 SF · built 1926 · assessed $161.61/SF

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Sale history and market context

MakeMe Estimate: $20,709,119 (estimated market value), with a likely range of $16,006,569 to $20,916,210 (half of recent verified sales in this segment landed inside that range). Based on 81 verified arm's-length comparable sales (through 2026-05-29). Not an appraisal. How this estimate works.

Last sold: 2021-05-11 for $16,450,000 (recorded arm's-length sale).

Current ownership dates to 2021 (about 5 years) per recorded transfers.

2021-05-11: $16,450,000 from Mitter South Lander LLC +Bromel South Lander LLC +… to Terreno Occidental LLC, rec. 20210513001081

5 administrative transfers (no consideration), 1999 to 2014

1996-11-26: $2,019,905 from Glacier Park Liquidating Company to Private party (non-market transfer), rec. 199612030956

1996-11-25: transfer from South Lander Street Limited Ptnrshp to Private party (non-market transfer), rec. 199612030955

1988-02-29: $841,477 from Private party to South Lander Street LTD Partne (part of a 3-parcel sale; price is the whole deal), rec. 198802290642

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

Value over time

Solid line: county appraised value per King County tax rolls. Shaded range: our modeled estimate for each year, built from recorded arm's-length sales in the building's segment; years without enough sales stay unmodeled. Dots: recorded arm's-length sales. Not an appraisal. How this estimate works.

Land, site, and value history

Assessed value moved from $7,323,000 (2011) to $19,023,700 (2026), up 160% over 15 years, per county tax rolls. The 2026 roll splits $19,023,700 into $13,269,900 land and $5,753,800 improvements.

Zoning: II U/160 (per King County)

Lot: 126,380 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Industrial Flex Buildings 33,162 SF; Warehouse Office 10,013 SF; Storage Warehouse 8,489 SF (county building sections)

County districts report (schools, fire, sewer, council; on kingcounty.gov)

Permit history

2026-01-22: Electrical, permit 7126045-EL

2026-01-06: Electrical, permit 7123653-EL

2024-10-18: Electrical, declared value $1,000 (Complete), permit 7051940-EL

2024-09-30: Electrical, declared value $5,500 (Complete), permit 7048545-EL

2024-09-04: Electrical, declared value $3,100 (Complete), permit 7044065-EL

2024-05-20: Electrical, declared value $4,000 (Complete), permit 7025998-EL

2023-11-01: Electrical, declared value $1,000 (Complete), permit 6994204-EL

2023-08-29: Electrical, declared value $3,121 (Complete), permit 6983322-EL

2023-08-15: Electrical, declared value $23,295 (Complete), permit 6981106-EL

2023-07-27: Demolition, declared value $1 (Revisit), permit 6932497-DM

Source: King County permit records (newest first).