Small-Bay Industrial · Kent · Seattle-Bellevue metro, WA
One of 670 reachable small-bay industrial buildings in Kent. Larger than 41% of small-bay industrial buildings in Kent (median 33,120 SF), derived from assessor records.
Usable building area
23,835 SF, King County Assessor
Lot size
58,192 SF, King County Assessor
Year built
1993, King County Assessor
Stories
1, King County Assessor
Predominant use
Industrial(gen Purpose), King County Assessor
Assessed value
$6,099,900, per the King County Assessor (not a market appraisal)
Assessed value per usable SF
$255.92/SF, derived from assessor records
Usable area / lot
0.41, derived from assessor records
Vintage
1990s vintage
Zoning
I1, King County
County use code
Industrial(Gen Purpose)
Nearby comparable buildings
Same building type, by distance. Assessor facts only; not an opinion of value.
MakeMe Estimate: $6.57M (estimated market value), with a likely range of $4.76M to $8.15M (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: 4 comparable sales within 3 miles; nearest 0.4 mi. This property type carries wider measured error; treat the estimate as a starting point. Recent sale check: this building sold for $7,250,000 in 2024; the estimate is about 9% apart. Treat the recorded trade as strong evidence alongside the model.
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: Industrial in Kent
median verified sale $243.02/SF over the trailing 24 months; 15 sales in the last 12 months and 29 in 24 (newest verified sale 2026-04); the middle 80% of recent sales traded at 0.75x to 1.61x their county assessed value, median 1.17x (28 sales with usable county values).
2022: $303.98/SF median (13 sales)
2023: $224.60/SF median (10 sales)
2024: $236.22/SF median (15 sales)
2025: $323.66/SF median (15 sales)
This estimate sits at 1.08x county assessed value, the 43rd percentile of those recent sale premiums.
Computed from 681 verified arm's-length sales in King County public records (29 in the trailing 24 months). Free public records. Not an appraisal.
Last sold: 2024-03-07 for $7,250,000 (recorded arm's-length sale).
Current ownership dates to 2024 (about 2 years) per recorded transfers.
2024-03-07: $7,250,000 from Ewa Kent 74th Owner LLC to Rle Ventures LLC, rec. 20240307000194
2019-12-04: $4,600,000 from Gregory Real Estate Four LLC to Ewa Kent 74th Owner LLC, rec. 20191209000547
2012-06-07: $1,975,000 from Private party to Gregory Real Estate Four LLC, rec. 20120618000883
2012-01-23: transfer from Private party to Private party (non-market transfer), rec. 20120124000277
2006-04-13: $1,868,000 from Private party to Park 8000 LLC, rec. 20060417001753
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 $2,047,800 (2011) to $6,099,900 (2026), up 198% over 15 years, per county tax rolls. The 2026 roll splits $6,099,900 into $1,338,400 land and $4,761,500 improvements.
Zoning: I1 (per King County)
Lot: 58,192 sq ft
Water: Water District (per King County)
Sewer: Public (per King County)
Access: Public
Street surface: Paved
Floor and use mix: Industrial Light Manufacturing 17,495 SF; Warehouse Office 3,670 SF (county building sections)