4468 Stone Way N, Seattle, WA 98103

Office · Seattle · Seattle-Bellevue metro, WA

Imagery suggests: mid-rise office, 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 AI estimate from public imagery; may be outdated.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 957 reachable office buildings in Seattle. Larger than 59% of office buildings in Seattle (median 20,410 SF), derived from assessor records.

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Building size: 31,774 SF, King County Assessor
Lot size: 23,064 SF, King County Assessor
Year built: 1916, King County Assessor
Stories: 3, King County Assessor
Predominant use: Retail & Offices, King County Assessor
Assessed value: $8,262,700, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $260.05/SF, derived from assessor records
Lot coverage: 138%, derived from assessor records
Vintage: pre-war vintage
Zoning: NC2P-55 (M), King County
County use code: Office Building
Construction (observed): masonry, 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.

1329 N 47th St, Seattle · 0.1 mi · 24,000 SF · built 1979
4701 Midvale Ave N, Seattle · 0.1 mi · 1,400 SF · built 1957 · assessed $450/SF
1501 N 45th St, Seattle · 0.1 mi · 31,686 SF · built 1997 · assessed $225.86/SF
4800 Stone Way N, Seattle · 0.2 mi · 2,082 SF · built 1917 · assessed $524.98/SF
4453 Aurora Ave N, Seattle · 0.3 mi · 5,954 SF · built 1958 · assessed $473.55/SF
4220 Aurora Ave N, Seattle · 0.3 mi · 8,015 SF · built 1962 · assessed $290.08/SF

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Sale history and market context

MakeMe Estimate: $8,449,755 (estimated market value), with a likely range of $8,228,404 to $11,164,456 (half of recent verified sales in this segment landed inside that range). Based on 185 verified arm's-length comparable sales (through 2026-05-29). Not an appraisal. How this estimate works.

Last sold: 2013-12-18 for $12,750,000 (recorded arm's-length sale).

Current ownership dates to 2013 (about 13 years) per recorded transfers.

2013-12-18: $12,750,000 from WP Partners LLC to RPT Wallingford Plaza LLC, rec. 20131218000854

2011-06-30: $6,605,000 from Banner Bank to WP Partners LLC, rec. 20110630001101

2 administrative transfers (no consideration), 2009 to 2009

2006-04-13: $6,000,000 from Private party to Private party, rec. 20060417001334

1997-05-02: $3,225,000 from Wheeton Development Assoc to Private party (part of a 2-parcel sale; price is the whole deal), rec. 199705020914

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 $5,876,900 (2011) to $8,262,700 (2026), up 41% over 15 years, per county tax rolls. The 2026 roll splits $8,262,700 into $7,611,100 land and $651,600 improvements.

Zoning: NC2P-55 (M) (per King County)

Lot: 23,064 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Office Building 24,988 SF; Retail Store 6,786 SF (county building sections)

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

Permit history

2025-09-15: Remodel, declared value $170,000, permit 7104147-CN

2025-04-21: Remodel, declared value $72,000 (Screened), permit 7072327-CN

2019-07-22: Remodel, declared value $200,000 (Screened), permit 6718466-CN

2012-02-23: Remodel, declared value $55,000 (Complete), permit 6304443

2011-06-30: Remodel, declared value $600,000 (Complete), permit 6197077

2007-03-28: Remodel, declared value $500,000 (Complete), permit 6111547

1998-02-24: Remodel, declared value $87,000 (Complete), permit 697246

Source: King County permit records (newest first).