5945 W Marginal Way SW, Seattle, WA 98106

NNN Industrial · Seattle · Seattle-Bellevue metro, WA

One of 42 reachable nnn industrial buildings in Seattle. Larger than 71% of nnn industrial buildings in Seattle (median 87,332 SF), derived from assessor records.

Own this building?

Claim privately

Claiming is for you. Your mailing address is never shown; no offer reaches you unless you opt in.

Claimed owners can confirm facts, watch the estimate, and decide whether to reply.

Claim or manage this building

Building size: 121,114 SF, King County Assessor
Lot size: 17,563 SF, King County Assessor
Year built: 2021, King County Assessor
Stories: 4, King County Assessor
Predominant use: Self-Storage, King County Assessor
Assessed value: $23,477,900, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $193.85/SF, derived from assessor records
Lot coverage: 690%, derived from assessor records
Vintage: 2020s vintage
Zoning: MML U/85, King County
County use code: Mini Warehouse
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.

7133 Delridge Way SW, Seattle · 1 mi · 45,900 SF · built 1982 · assessed $148.38/SF
6343 35th Ave SW, Seattle · 1.5 mi · 52,088 SF · built 1969 · assessed $128.36/SF
6305 Corgiat Dr S, Seattle · 1.6 mi · 128,888 SF · built 2025 · assessed $51.71/SF
2850 SW Yancy St, Seattle · 1.8 mi · 66,610 SF · built 1994 · assessed $155.67/SF
9200 Olson Pl SW, Seattle · 1.9 mi · 54,350 SF · built 1981 · assessed $160.18/SF
2964 SW Avalon Way, Seattle · 1.9 mi · 98,475 SF · built 1997 · assessed $148.23/SF

Want to talk to the owner? makeme1031 delivers a private, principal-to-principal letter to the owner of record. We never publish the owner's identity or address.

Sale history and market context

MakeMe Estimate: $23,004,459 (estimated market value), with a likely range of $18,516,587 to $26,603,750 (half of recent verified sales in this segment landed inside that range). Based on 22 verified arm's-length comparable sales (through 2026-05-29). Not an appraisal. How this estimate works.

Current ownership dates to 2020 (about 6 years) per recorded transfers.

2020-01-30: $1,850,000 from Private party to W Marginal Way SP LLC (part of a 4-parcel sale; price is the whole deal), rec. 20200131001223

3 administrative transfers (no consideration), 2000 to 2007

2000-04-05: $335,000 from Private party to Lspi Exchange Corp (part of a 4-parcel sale; price is the whole deal), rec. 20000410001441

2000-04-05: transfer from Private party to Lspi Exchange Corp (part of a 2-parcel sale; price is the whole deal), rec. 20190118001145

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 $245,800 (2011) to $23,477,900 (2026), up 9452% over 15 years, per county tax rolls. The 2026 roll splits $23,477,900 into $1,009,800 land and $22,468,100 improvements.

Zoning: MML U/85 (per King County)

Lot: 17,563 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Mini Warehouse, Hi-Rise 121,114 SF (county building sections)

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