MakeMe Estimate: $4.38M (estimated market value), with a likely range of $3.4M to $5.25M (half of recent verified sales in this segment landed inside that range). Based on 6 verified arm's-length comparable sales (through 2026-06-01). Not an appraisal. How this estimate works.
lower confidence: 0 comparable sales within 3 miles; nearest 3.4 mi. This property type carries wider measured error; treat the estimate as a starting point. Last arm's-length sale: $1,500,000 in 2022. 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. Buyer and seller names are withheld. Get this data via API.
Market context: Retail in Kent
median verified sale $381.36/SF over the trailing 24 months; 13 sales in the last 12 months and 24 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 1.15x (24 sales with usable county values).
2022: $298.86/SF median (14 sales)
2023: $360.42/SF median (10 sales)
2024: $509.09/SF median (8 sales)
2025: $367.19/SF median (12 sales)
2026 YTD: $411.33/SF median (5 sales)
This estimate sits at 1.18x county assessed value, the 54th percentile of those recent sale premiums.
Computed from 390 verified arm's-length sales in King County public records (24 in the trailing 24 months). Free public records. Not an appraisal.
Last sold: 2022-07-15 for $1,500,000 (recorded arm's-length sale).
Ownership tenure is not asserted for this parcel: the most recent recorded transfer is a non-market conveyance.
2024-09-30: transfer from Rainier Midtown LLC to Woodmont 5 LLC (non-market transfer), rec. 20241212000324
2022-07-15: $1,500,000 from Thrifty Payless INC to Woodmont 7 LLC +Rainier Midtown LLC, rec. 20220720000097
1994-01-19: $529,400 from Private party to Private party, rec. 199401192639
2 administrative transfers (no consideration), 1992 to 1992
1992-10-19: $3,000,000 from Heritage Development Company to Private party (part of a 5-parcel sale; price is the whole deal), rec. 199211122353
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 $2,831,200 (2011) to $3,723,300 (2026), up 32% over 15 years, per county tax rolls. The 2026 roll splits $3,723,300 into $1,742,800 land and $1,980,500 improvements.
Zoning: CM (per King County)
Lot: 87,144 sq ft
Water: Water District (per King County)
Sewer: Public (per King County)
Access: Public
Street surface: Paved
Floor and use mix: Discount Store 23,867 SF (county building sections)