3325 S 116th St, Tukwila, WA 98168

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

Imagery suggests: large industrial warehouse, appears multi-tenant. 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 AI estimate from public imagery; may be outdated.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 251 reachable small-bay industrial buildings in Tukwila. Larger than 77% of small-bay industrial buildings in Tukwila (median 36,796 SF), derived from assessor records.

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Building size: 91,860 SF, King County Assessor
Lot size: 253,524 SF, King County Assessor
Year built: 1990, King County Assessor
Stories: 1, King County Assessor
Buildings on parcel: 2, King County Assessor
Predominant use: Office/Whse Bldg 2, King County Assessor
Assessed value: $19,948,500, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $217.16/SF, derived from assessor records
Lot coverage: 36%, derived from assessor records
Vintage: 1990s vintage
Zoning: MIC/L, King County
County use code: Industrial Park
Construction (observed): tilt up, 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.

3225 S 116th St, Tukwila · 0.1 mi · 87,810 SF · built 1990 · assessed $214.88/SF
3314 S 116th St, Tukwila · 0.1 mi · 41,000 SF · built 1994 · assessed $255.56/SF
3415 S 116th St, Tukwila · 0.1 mi · 87,900 SF · built 1991 · assessed $212.63/SF
3414 S 116th St, Tukwila · 0.1 mi · 34,651 SF · built 1995 · assessed $240.19/SF
11521 E Marginal Way S, Tukwila · 0.2 mi · 28,403 SF · built 1996 · assessed $195.20/SF
11911 E Marginal Way S, Tukwila · 0.2 mi · 54,269 SF · built 1994

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Sale history and market context

MakeMe Estimate: $23,295,866 (estimated market value), with a likely range of $18,005,927 to $23,528,824 (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.

Last sold: 1999-05-26 for $7,486,842 (recorded arm's-length sale).

Current ownership dates to 2026 per recorded transfers.

2026-03-23: $76,500,000 from Rreef America REIT II Corp MMMM 7 Washington to NWB Gateway North LLC (part of a 3-parcel sale; price is the whole deal), rec. 20260324000874

2005-12-29: $33,825,000 from Amb Insiitutional Alliance Fund I LP to Rreef America REIT II Corp (part of a 3-parcel sale; price is the whole deal), rec. 20060105001590

1999-05-26: $7,486,842 from Gateway North Properties LLC to Amb Institutional Alliance Fund I LP, rec. 199905262273

1995-12-19: $15,969,469 from Seagate/Gateway North Properties to Gateway North Properties LLC (part of a 3-parcel sale; price is the whole deal), rec. 199512200563

1993-09-27: transfer from Private party to Private party (part of a 6-parcel sale; price is the whole deal), rec. 199310251235

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 $10,863,700 (2011) to $19,948,500 (2026), up 84% over 15 years, per county tax rolls. The 2026 roll splits $19,948,500 into $8,873,300 land and $11,075,200 improvements.

Zoning: MIC/L (per King County)

Lot: 253,524 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Storage Warehouse 64,038 SF; Warehouse Office 27,822 SF (county building sections)

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

Permit history

2020-05-21: Other, declared value $5,154 (Screened), permit D20-0086

2016-10-12: Remodel, declared value $60,000 (Complete), permit D16-0259

2016-09-20: Remodel, declared value $120,000 (Complete), permit D16-0237

2015-02-23: Remodel, declared value $35,000 (Complete), permit D15-0032

2014-08-06: Remodel, declared value $150,000 (Complete), permit D14-0226

2013-11-19: Remodel, declared value $153,000 (Defunct), permit D13-313

Source: King County permit records (newest first).