301 E Novak Ln, Kent, WA 98032

Industrial · Kent · Seattle-Bellevue metro, WA

One of 25 reachable industrial buildings in Kent. Larger than 84% of industrial buildings in Kent (median 52,005 SF), derived from assessor records.

Usable building area
67,780 SF, King County Assessor
County gross area
79,997 SF, King County Assessor
Excluded area
12,217 SF outside primary usable area
Lot size
156,516 SF, King County Assessor
Year built
2000, King County Assessor
Stories
3, King County Assessor
Buildings on parcel
8, King County Assessor
Predominant use
Mini Warehouse, King County Assessor
Assessed value
$9,304,900, per the King County Assessor (not a market appraisal)
Assessed value per usable SF
$137.28/SF, derived from assessor records
Usable area / lot
0.43, derived from assessor records
Vintage
2000s vintage
Zoning
GC-MU, King County
County use code
Mini Warehouse

Nearby comparable buildings

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

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Sale history and market context

MakeMe Estimate: $9.36M (estimated market value), with a likely range of $7.71M to $11.4M (half of recent verified sales in this segment landed inside that range). Based on 7 verified arm's-length comparable sales (through 2026-06-01). Not an appraisal. How this estimate works.

lower confidence: 3 comparable sales within 3 miles; nearest 0.5 mi. This property type carries wider measured error; treat the estimate as a starting point. Comparable-sale caveat: the estimate is 31% below the $199.46/SF median of the shown comparable sales.

Comparable sales used as evidence

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: Industrial in Kent

median verified sale $243.02/SF over the trailing 24 months; 15 sales in the last 12 months and 29 in 24 (newest verified sale 2026-04); the middle 80% of recent sales traded at 0.75x to 1.61x their county assessed value, median 1.17x (28 sales with usable county values).

  • 2022: $303.98/SF median (13 sales)
  • 2023: $224.60/SF median (10 sales)
  • 2024: $236.22/SF median (15 sales)
  • 2025: $323.66/SF median (15 sales)

This estimate sits at 1.01x county assessed value, the 32nd percentile of those recent sale premiums.

Computed from 681 verified arm's-length sales in King County public records (29 in the trailing 24 months). Free public records. Not an appraisal.

Last sold: 2004-11-19 for $4,458,275 (recorded arm's-length sale).

Current ownership dates to 2004 (about 22 years) per recorded transfers.

Source: King County recorded sales extract; buyer and seller shown only when a company or organization. Individual names are withheld.

Value over time

$0$5M$10M$15M$20M201120142017202020232026$9.36M$9.3MCounty assessed valueMakeMe Estimate range

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 $5,040,300 (2011) to $9,304,900 (2026), up 85% over 15 years, per county tax rolls. The 2026 roll splits $9,304,900 into $3,082,800 land and $6,222,100 improvements.

Taxes

Permit history

Source: King County permit records (newest first).