550 Kirkland Way, Kirkland, WA 98033

Office · Kirkland · 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 AI estimate from public imagery; may be outdated.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 146 reachable office buildings in Kirkland. Larger than 86% of office buildings in Kirkland (median 13,229 SF), derived from assessor records.

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Building size: 76,450 SF, King County Assessor
Lot size: 73,180 SF, King County Assessor
Year built: 1990, King County Assessor
Stories: 4, King County Assessor
Predominant use: Office Bldg.( Class A), King County Assessor
Assessed value: $27,064,000, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $354.01/SF, derived from assessor records
Lot coverage: 104%, derived from assessor records
Vintage: 1990s vintage
Zoning: CBD 5, King County
County use code: Office Building
Construction (observed): steel glass, AI estimate from public imagery
Parking (observed): surface lot, AI estimate from public imagery
Frontage (observed): mid block, AI estimate from public imagery

Nearby comparable buildings

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

520 Kirkland Way, Kirkland · 0 mi · 65,407 SF · built 1995 · assessed $234.96/SF
570 Kirkland Way, Kirkland · 0 mi · 23,181 SF · built 1990 · assessed $257.75/SF
200 Peter Kirk Ln, Kirkland · 0.1 mi · 572,516 SF · built 2021 · assessed $184.62/SF
620 Kirkland Way, Kirkland · 0.1 mi · 33,972 SF · built 1990 · assessed $319.63/SF
439 Kirkland Way, Kirkland · 0.1 mi · 2,966 SF · built 1978 · assessed $420.09/SF
625 4th Ave, Kirkland · 0.1 mi · 36,170 SF · built 2001 · assessed $204.19/SF

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Sale history and market context

MakeMe Estimate: $33,727,059 (estimated market value), with a likely range of $32,843,538 to $44,562,739 (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: 2013-06-28 for $24,500,000 (recorded arm's-length sale).

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

2013-06-28: $24,500,000 from TR Continental Plaza Corp to Continental Plaza LLC, rec. 20130702000865

2007-03-14: $27,050,000 from Six Continental Associates to TR Continental Plaza Corp, rec. 20070315002646

1989-06-16: $675,000 from Weyerhauser Venture CO to Six Continental Associates, rec. 198906200331

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 $17,751,500 (2011) to $27,064,000 (2026), up 52% over 15 years, per county tax rolls. The 2026 roll splits $27,064,000 into $17,929,100 land and $9,134,900 improvements.

Zoning: CBD 5 (per King County)

Lot: 73,180 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Office Building 76,450 SF (county building sections)

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

Permit history

2023-07-11: Remodel, declared value $250,000 (Screened), permit BNR23-03150

2023-04-07: Other, declared value $100,000 (Screened), permit MNR23-01256

2023-03-28: Electrical, declared value $15,000 (Screened), permit ELV23-02334

2023-03-13: Electrical, declared value $18,000 (Screened), permit ELV23-01817

2021-11-19: Remodel, declared value $460,000 (Screened), permit BNO21-07482

2021-10-27: Remodel, declared value $200,000 (Screened), permit BNR21-06666

2020-10-20: Electrical, declared value $4,000 (Complete), permit ENR20-07110

2018-10-22: Building, New, declared value $484,000 (Screened), permit BNR18-05927

2017-11-21: Building, New, declared value $400,000 (Screened), permit BNR17-05860

2017-10-26: Building, New, declared value $90,000 (Screened), permit BNR17-06581

Source: King County permit records (newest first).