MakeMe Estimate: $18.8M (estimated market value), with a likely range of $14.6M to $22.5M (half of recent verified sales in this segment landed inside that range). Based on 5 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 5.1 mi. This property type carries wider measured error; treat the estimate as a starting point. Comparable-sale caveat: the estimate is 52% above the $112.52/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.
Ownership tenure is not asserted for this parcel: the most recent recorded transfer is a non-market conveyance.
2019-11-18: $37,370,564 from Covington Esplanade LLC to Weingarten Nostat INC (part of a 7-parcel sale; price is the whole deal), rec. 20191118002027
2012-01-13: $31,275,000 from Covington Legacy LLC to Covington Esplanade LLC (part of a 7-parcel sale; price is the whole deal), rec. 20120120001003
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. Not an appraisal. How this estimate works.
Land, site, and value history
Assessed value moved from $11,430,500 (2011) to $16,136,700 (2026), up 41% over 15 years, per county tax rolls. The 2026 roll splits $16,136,700 into $6,393,300 land and $9,743,400 improvements.
Zoning: MC (per King County)
Lot: 399,584 sq ft
Water: Public Restricted (per King County)
Sewer: Public (per King County)
Access: Public
Street surface: Paved
Floor and use mix: Warehouse Discount Store 109,812 SF (county building sections)