4341 University Way NE, Seattle, WA 98105

NNN Retail · Seattle · Seattle-Bellevue metro, WA

One of 1,026 reachable nnn retail buildings in Seattle. Larger than 69% of nnn retail buildings in Seattle (median 5,208 SF), derived from assessor records.

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Building size: 8,816 SF, King County Assessor
Lot size: 4,120 SF, King County Assessor
Year built: 1912, King County Assessor
Stories: 2, King County Assessor
Predominant use: Retail, King County Assessor
Assessed value: $2,264,600, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $256.87/SF, derived from assessor records
Lot coverage: 214%, derived from assessor records
Vintage: pre-war vintage
Zoning: NC3P-65, King County
County use code: Retail Store

Nearby comparable buildings

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

4345 University Way NE, Seattle · 0 mi · 9,888 SF · built 1949 · assessed $269.61/SF
4325 University Way NE, Seattle · 0 mi · 8,240 SF · built 1924 · assessed $264.72/SF
4501 University Way NE, Seattle · 0 mi · 14,831 SF · built 1923 · assessed $303.16/SF
4321 University Way NE, Seattle · 0 mi · 10,320 SF · built 1919 · assessed $380.64/SF
4502 University Way NE, Seattle · 0 mi · 25,549 SF · built 1912 · assessed $294.05/SF
4326 University Way NE, Seattle · 0.1 mi · 89,500 SF · built 1978 · assessed $132.45/SF

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Sale history and market context

MakeMe Estimate: $2,607,924 (estimated market value), with a likely range of $2,178,662 to $2,954,753 (half of recent verified sales in this segment landed inside that range). Based on 152 verified arm's-length comparable sales (through 2026-05-29). Not an appraisal. How this estimate works.

Last sold: 2012-12-26 for $2,100,000 (recorded arm's-length sale).

Current ownership dates to 2012 (about 14 years) per recorded transfers.

2012-12-26: $2,100,000 from Private party to Tahn Associates LLC, rec. 20121227002641

2004-04-07: transfer from Private party to Private party (non-market transfer), rec. 20040407001178

1990-12-19: $300,000 from Private party to Private party (non-market transfer), rec. 199012311425

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 $1,095,700 (2011) to $2,264,600 (2026), up 107% over 15 years, per county tax rolls. The 2026 roll splits $2,264,600 into $1,648,000 land and $616,600 improvements.

Zoning: NC3P-65 (per King County)

Lot: 4,120 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Retail Store 4,120 SF; Storage Warehouse 4,120 SF; Basement, Unfinished 576 SF (county building sections)

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