2931 1st Ave S, Seattle, WA 98134

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

Imagery suggests: industrial warehouse. AI estimate from public imagery. In recent public imagery (2026-06), the building appears well maintained. AI estimate from public imagery; may be outdated.

One of 1,229 reachable small-bay industrial buildings in Seattle. Larger than 62% of small-bay industrial buildings in Seattle (median 14,469 SF), derived from assessor records.

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Building size: 19,582 SF, King County Assessor
Lot size: 17,760 SF, King County Assessor
Year built: 1919, King County Assessor
Stories: 1, King County Assessor
Predominant use: Manufacturing, King County Assessor
Assessed value: $5,686,900, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $290.41/SF, derived from assessor records
Lot coverage: 110%, derived from assessor records
Vintage: pre-war vintage
Zoning: II U/160, King County
County use code: Industrial(Gen Purpose)
Construction (observed): metal, AI estimate from public imagery
Parking (observed): surface lot, AI estimate from public imagery

Nearby comparable buildings

Same building type, by distance. Assessor facts only; not an opinion of value.

2921 1st Ave S, Seattle · 0 mi · 12,000 SF · built 1907 · assessed $235.90/SF
2951 1st Ave S, Seattle · 0 mi · 18,308 SF · built 1941 · assessed $174.86/SF
2930 1st Ave S, Seattle · 0 mi · 12,870 SF · built 1981 · assessed $293.33/SF
2963 1st Ave S, Seattle · 0 mi · 9,680 SF · built 1923 · assessed $215.34/SF
2920 1st Ave S, Seattle · 0.1 mi · 7,509 SF · built 2005 · assessed $397.39/SF
2959 Utah Ave S, Seattle · 0.1 mi · 6,787 SF · built 1943 · assessed $309.84/SF

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Sale history and market context

MakeMe Estimate: $7,011,738 (estimated market value), with a likely range of $5,419,539 to $7,081,856 (half of recent verified sales in this segment landed inside that range). Based on 81 verified arm's-length comparable sales (through 2026-05-29). Not an appraisal. How this estimate works.

Current ownership dates to 2006 (about 20 years) per recorded transfers.

2006-03-15: $2,399,723 from Predation LLC to 2931 1st Avenue South LP (part of a 3-parcel sale; price is the whole deal), rec. 20060315001585

2004-11-30: $2,000,000 from 2931 1st Avenue South LP to Predation LLC (part of a 3-parcel sale; price is the whole deal), rec. 20041203001561

2004-07-29: $4,200,000 from Miller Finch Properties to 2931 1st Ave South LP (part of a 3-parcel sale; price is the whole deal), rec. 20040729001150

1982-03-19: $1,055,000 from Private party to Ederer Properties (part of a 2-parcel sale; price is the whole deal), rec. 198203220236

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 $1,267,200 (2011) to $5,686,900 (2026), up 349% over 15 years, per county tax rolls. The 2026 roll splits $5,686,900 into $2,131,200 land and $3,555,700 improvements.

Zoning: II U/160 (per King County)

Lot: 17,760 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Floor and use mix: Industrial Light Manufacturing 10,474 SF; Office Building 5,406 SF (county building sections)

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

Permit history

2026-02-19: Electrical (Screened), permit 7130146-EL

2019-10-23: Remodel, declared value $150,000 (Complete), permit 6755049-CN

2012-11-19: Remodel, declared value $600,000 (Complete), permit 6322817

2007-12-31: Remodel, declared value $375,000 (Complete), permit 6114531

Source: King County permit records (newest first).