3844 1st Ave S, Seattle, WA 98134

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

Imagery suggests: distribution 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 AI estimate from public imagery; may be outdated.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 94% of small-bay industrial buildings in Seattle (median 14,469 SF), derived from assessor records.

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Building size: 101,101 SF, King County Assessor
Lot size: 147,023 SF, King County Assessor
Year built: 1949, King County Assessor
Stories: 2, King County Assessor
Predominant use: Steel Whse, King County Assessor
Assessed value: $21,368,600, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $211.36/SF, derived from assessor records
Lot coverage: 69%, derived from assessor records
Vintage: 1940s vintage
Zoning: MML U/85, King County
County use code: Warehouse
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.

3857 2nd Ave S, Seattle · 0.1 mi · 22,750 SF · built 1989 · assessed $227.02/SF
4000 1st Ave S, Seattle · 0.1 mi · 56,608 SF · built 1940 · assessed $170.29/SF
3825 1st Ave S, Seattle · 0.1 mi · 15,022 SF · built 1947 · assessed $242.49/SF
3841 1st Ave S, Seattle · 0.1 mi · 10,320 SF · built 1941 · assessed $210.12/SF
3800 1st Ave S, Seattle · 0.1 mi · 161,132 SF · built 1968 · assessed $232.74/SF
130 S Dakota St, Seattle · 0.1 mi · 36,000 SF · built 1950 · assessed $144.46/SF

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Sale history and market context

MakeMe Estimate: $26,260,726 (estimated market value), with a likely range of $22,645,340 to $29,297,401 (half of recent verified sales in this segment landed inside that range). Based on 96 verified arm's-length comparable sales (through 2026-05-29). Not an appraisal. How this estimate works.

Current ownership dates to 2021 (about 5 years) per recorded transfers.

2021-01-08: $72,600,000 from Lipt Spokane Street LLC +Lasalle Investment Manage… to Triple B Ventures LLC (part of a 3-parcel sale; price is the whole deal), rec. 20210108001295

2013-12-18: $38,700,000 from Musref Spokane Street LP to Lipt Spokane Street LLC (part of a 3-parcel sale; price is the whole deal), rec. 20131218000762

2006-03-31: $33,450,000 from Schnitzer Investment Corp to Private party (part of a 3-parcel sale; price is the whole deal), rec. 20060331001604

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 $7,654,100 (2011) to $21,368,600 (2026), up 179% over 15 years, per county tax rolls. The 2026 roll splits $21,368,600 into $11,026,700 land and $10,341,900 improvements.

Zoning: MML U/85 (per King County)

Lot: 147,023 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Warehouse, Distribution 88,956 SF; Warehouse Office 7,837 SF (county building sections)

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

Permit history

2023-12-20: Electrical, declared value $2,579 (Complete), permit 7001657-EL

2023-11-15: Electrical, declared value $2,105 (Complete), permit 6996593-EL

2023-09-11: Electrical, declared value $3,658 (Complete), permit 6985159-EL

2022-08-08: Remodel, declared value $75,497 (Complete), permit 6884294-CN

2012-07-17: Remodel, declared value $244,000 (Complete), permit 6312308

2007-08-17: Remodel, declared value $95,000 (Complete), permit 6143997

2007-07-11: Remodel, declared value $205,920 (Complete), permit 6136941

2007-07-02: Remodel, declared value $485,000 (Complete), permit 6130306

Source: King County permit records (newest first).