2827 80th Ave SE, Mercer Island, WA 98040
Retail · Mercer Island · Seattle-Bellevue metro, WA
One of 22 reachable retail buildings in Mercer Island. Larger than 23% of retail buildings in Mercer Island (median 4,644 SF), derived from assessor records.
- Usable building area
- 2,128 SF, King County Assessor
- Lot size
- 4,400 SF, King County Assessor
- Year built
- 1951, King County Assessor
- Stories
- 1, King County Assessor
- Predominant use
- Retail Store, King County Assessor
- Assessed value
- $837,000, per the King County Assessor (not a market appraisal)
- Assessed value per usable SF
- $393.33/SF, derived from assessor records
- Usable area / lot
- 0.48, derived from assessor records
- Vintage
- 1950s vintage
- Zoning
- TC, King County
- County use code
- Retail Store
Nearby comparable buildings
Same building type, by distance. Assessor facts only; not an opinion of value.
- 7833 SE 28th St, Mercer Island · 0.1 mi · 1,000 SF · built 1955 · assessed $2,850/SF
- 2900 78th Ave SE, Mercer Island · 0.1 mi · 952 SF · built 1969 · assessed $1,589/SF
- 3006 78th Ave SE, Mercer Island · 0.1 mi · 3,776 SF · built 1983 · assessed $830.93/SF
- 2903 78th Ave SE, Mercer Island · 0.1 mi · 2,285 SF · built 1964 · assessed $1,592/SF
- 2807 78th Ave SE, Mercer Island · 0.1 mi · 4,644 SF · built 1989 · assessed $1,777/SF
- 7655 Sunset Hwy, Mercer Island · 0.3 mi · 2,180 SF · built 1954 · assessed $2,285/SF
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Sale history and market context
MakeMe Estimate: $1.06M (estimated market value), with a likely range of $780K to $1.3M (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). The county roll carries a nominal improvement value for this parcel, so the estimate leans on comparable sales and the county-confirmed building area rather than the county land and improvement split. Not an appraisal. How this estimate works.
lower confidence: 1 comparable sale within 3 miles; nearest 0.9 mi. This property type carries wider measured error; treat the estimate as a starting point. Comparable-sale caveat: the estimate is 65% above the $302.01/SF median of the shown comparable sales.
Comparable sales used as evidence
- 1825 72nd Ave SE, Mercer Island: $1,900,000 (2024-10), 4,861 SF, $390.87/SF, built 1924, 0.9 mi away
- 4850 37th Ave S, Seattle: $1,619,389 (2025-10), 5,362 SF, $302.01/SF, built 1959, 3.1 mi away (different city)
- 5601 Rainier Ave S, Seattle: $525,000 (2025-06), 5,039 SF, $104.19/SF, built 1903, 3.1 mi away (different city)
- 3704 S Ferdinand St, Seattle: $700,000 (2024-12), 6,021 SF, $116.26/SF, built 1953, 3.1 mi away (different city)
- 2801 E Madison St, Seattle: $1,500,000 (2024-11), 2,014 SF, $744.79/SF, built 1905, 4 mi away (different city)
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.
Current ownership dates to 2014 (about 12 years) per recorded transfers.
- 2014-02-06: $2,300,000 from Private party to Koho Properties LLC (part of a 2-parcel sale; price is the whole deal), rec. 20140212001233
- 4 administrative transfers (no consideration), 1993 to 2006
Source: King County recorded sales extract; buyer and seller shown only when a company or organization. Individual names are withheld.
Land, site, and value history
Assessed value moved from $400,800 (2011) to $837,000 (2026), up 109% over 15 years, per county tax rolls. The 2026 roll splits $837,000 into $836,000 land and $1,000 improvements.
- Zoning: TC (per King County)
- Lot: 4,400 sq ft
- Water: Water District (per King County)
- Sewer: Public (per King County)
- Access: Public
- Street surface: Paved
- Floor and use mix: Retail Store 2,128 SF (county building sections)
- County districts report (schools, fire, sewer, council; on kingcounty.gov)