2722 NE 115th St, Seattle, WA 98125

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

One of 1,229 reachable small-bay industrial buildings in Seattle. Larger than 21% of small-bay industrial buildings in Seattle (median 14,469 SF), derived from assessor records.

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Building size: 6,343 SF, King County Assessor
Lot size: 8,310 SF, King County Assessor
Year built: 1958, King County Assessor
Stories: 1, King County Assessor
Buildings on parcel: 2, King County Assessor
Predominant use: Garage, King County Assessor
Assessed value: $1,119,100, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $176.43/SF, derived from assessor records
Lot coverage: 76%, derived from assessor records
Vintage: 1950s vintage
Zoning: NC3-55 (M), King County
County use code: Service Building
Construction (observed): wood frame, 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.

11514 Lake City Way NE, Seattle · 0.1 mi · 3,264 SF · built 1953 · assessed $300/SF
2825 NE 120th St, Seattle · 0.2 mi · 3,589 SF · built 2002 · assessed $324.99/SF
12544 27th Ave NE, Seattle · 0.6 mi · 5,150 SF · built 1977 · assessed $314.99/SF
12709 28th Ave NE, Seattle · 0.6 mi · 3,861 SF · built 1961 · assessed $274.98/SF
12715 28th Ave NE, Seattle · 0.7 mi · 3,894 SF · built 1961 · assessed $274.99/SF
12719 28th Ave NE, Seattle · 0.7 mi · 4,320 SF · built 1962 · assessed $275/SF

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Sale history and market context

MakeMe Estimate: $1,342,771 (estimated market value), with a likely range of $942,950 to $1,487,121 (half of recent verified sales in this segment landed inside that range). Based on 86 verified arm's-length comparable sales (through 2026-05-29). Not an appraisal. How this estimate works.

Last sold: 2025-12-09 for $770,000 (recorded arm's-length sale).

Current ownership dates to 2025 per recorded transfers.

2025-12-09: $770,000 from Don P1 LLC to 115th Street LLC, rec. 20251210001211

2 administrative transfers (no consideration), 2013 to 2013

2005-06-15: $1,100,000 from Private party to Private party (part of a 2-parcel sale; price is the whole deal), rec. 20050615000253

1996-04-19: $350,000 from Private party to Private party, rec. 199604240945

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 $776,600 (2011) to $1,119,100 (2026), up 44% over 15 years, per county tax rolls. The 2026 roll splits $1,119,100 into $880,900 land and $238,200 improvements.

Zoning: NC3-55 (M) (per King County)

Lot: 8,310 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Storage Warehouse 4,969 SF; Warehouse Office 1,374 SF (county building sections)

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