MakeMe Estimate: $3.36M (estimated market value), with a likely range of $2.72M to $3.89M (half of recent verified sales in this segment landed inside that range). Based on 8 verified arm's-length comparable sales (through 2026-06-01). Not an appraisal. How this estimate works.
lower confidence: 4 comparable sales within 3 miles; nearest 1.4 mi. This property type carries wider measured error; treat the estimate as a starting point. Last arm's-length sale: $2,800,000 in 2022. The market has moved since; the estimate reflects current county values and ratios, not that price. Comparable-sale caveat: the estimate is 50% above the $241.60/SF median of the shown comparable sales.
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: Retail in Renton
median verified sale $434.13/SF over the trailing 24 months; 8 sales in the last 12 months and 13 in 24 (newest verified sale 2026-04); the middle 80% of recent sales traded at 0.61x to 2.11x their county assessed value, median 1.27x (13 sales with usable county values).
2022: $382.71/SF median (5 sales)
2024: $230.77/SF median (7 sales)
2025: $269.30/SF median (5 sales)
This estimate sits at 1.35x county assessed value, the 62nd percentile of those recent sale premiums.
Computed from 292 verified arm's-length sales in King County public records (13 in the trailing 24 months). Free public records. Not an appraisal.
Last sold: 2022-12-27 for $2,800,000 (recorded arm's-length sale).
Current ownership dates to 2022 (about 4 years) per recorded transfers.
2022-12-27: $2,800,000 from Private party to Next Cipsis LLC, rec. 20230105000131
2020-10-08: transfer from Private party to Mjelde Enterprises LLC (non-market transfer), rec. 20210225001073
2020-06-18: $675,000 from Private party to Private party, rec. 20200701002996
2020-04-22: transfer from Private party to Private party (non-market transfer), rec. 20200427000447
Source: King County recorded sales extract; buyer and seller shown only when a company or organization. Individual names are withheld.
Value over time
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 $980,200 (2011) to $2,483,600 (2026), up 153% over 15 years, per county tax rolls. The 2026 roll splits $2,483,600 into $1,143,400 land and $1,340,200 improvements.
Zoning: CA (per King County)
Lot: 32,670 sq ft
Water: Water District (per King County)
Sewer: Public (per King County)
Access: Public
Street surface: Paved
Floor and use mix: Retail Store 6,079 SF; Storage Warehouse 3,200 SF (county building sections)