MakeMe Estimate: $5.54M (estimated market value), with a likely range of $4.39M to $6.87M (half of recent verified sales in this segment landed inside that range). Based on 4 verified arm's-length comparable sales (through 2026-05-29). Not an appraisal. How this estimate works.
lower confidence: 2 comparable sales within 3 miles; nearest 1.2 mi. This property type carries wider measured error; treat the estimate as a starting point. Recent sale check: this building sold for $6,010,000 in 2025; the estimate is about 8% apart. Treat the recorded trade as strong evidence alongside the model. Comparable-sale caveat: the estimate is 40% below the $139.02/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 Kent
median verified sale $367.19/SF over the trailing 24 months; 13 sales in the last 12 months and 23 in 24 (newest verified sale 2026-05); the middle 80% of recent sales traded at 0.87x to 3.00x their county assessed value, median 1.11x (23 sales with usable county values).
2022: $298.86/SF median (13 sales)
2023: $360.42/SF median (10 sales)
2024: $509.09/SF median (7 sales)
2025: $367.19/SF median (12 sales)
2026 YTD: $411.33/SF median (5 sales)
This estimate sits at 1.09x county assessed value, the 43rd percentile of those recent sale premiums.
Computed from 380 verified arm's-length sales in King County public records (23 in the trailing 24 months). Free public records. Not an appraisal.
Last sold: 2025-03-28 for $6,010,000 (recorded arm's-length sale).
Current ownership dates to 2025 per recorded transfers.
2025-03-28: $6,010,000 from Rhino Holdings Kent LLC to Agree Central LLC, rec. 20250401000609
2022-12-15: $5,000,000 from MGP X Properties LLC to Rhino Holdings Kent LLC, rec. 20221219000446
2013-12-18: transfer from MGP X REIT LLC to MGP X Properties LLC (non-market transfer), rec. 20131227001569
2012-10-24: $7,613,619 from Briar Development Company LLP to MGP X REIT LLC, rec. 20121026001427
1999-02-22: $10,400,000 from Supervalu Holdings INC to Briar Development Company, rec. 199902242136
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 $11,498,000 (2011) to $5,102,800 (2026), down 56% over 15 years, per county tax rolls. The 2026 roll splits $5,102,800 into $4,949,900 land and $152,900 improvements.
Zoning: CC (per King County)
Lot: 299,997 sq ft
Water: Water District (per King County)
Sewer: Public (per King County)
Access: Public
Street surface: Paved
Floor and use mix: Discount Store 67,240 SF (county building sections)