5950 Southcenter Blvd, Tukwila, WA 98188

Single-Tenant Industrial · Tukwila · Seattle-Bellevue metro, WA

One of 3 reachable single-tenant industrial buildings in Tukwila.

Usable building area
52,500 SF, King County Assessor
County gross area
75,000 SF, King County Assessor
Excluded area
22,500 SF outside primary usable area
Lot size
43,412 SF, King County Assessor
Year built
2002, King County Assessor
Stories
5, King County Assessor
Predominant use
Mini Warehouse, King County Assessor
Assessed value
$8,641,000, per the King County Assessor (not a market appraisal)
Assessed value per usable SF
$164.59/SF, derived from assessor records
Usable area / lot
1.21, derived from assessor records
Vintage
2000s vintage
Zoning
RCM, King County
County use code
Mini Warehouse

Nearby comparable buildings

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

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Sale history and market context

MakeMe Estimate range: $7.08M to $10.5M (estimated market value range). This building's own 2026 recorded sale at $12.4M sits 44% above this estimate's midpoint, so we lead with the range rather than a single number. Based on 5 verified arm's-length comparable sales (through 2026-06-01). Not an appraisal. How this estimate works.

lower confidence: 1 comparable sale within 3 miles; nearest 2.3 mi. This property type carries wider measured error; treat the estimate as a starting point. Recent sale check: this building sold for $12,354,000 in 2026; the estimate is about 30% apart. Treat the recorded trade as strong evidence alongside the model.

Comparable sales used as evidence

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: Industrial in Tukwila

median verified sale $220.63/SF over the trailing 24 months; 6 sales in the last 12 months and 12 in 24 (newest verified sale 2026-01); the middle 80% of recent sales traded at 0.81x to 1.43x their county assessed value, median 1.13x (12 sales with usable county values).

  • 2022: $243.68/SF median (6 sales)
  • 2024: $204.27/SF median (5 sales)
  • 2025: $220.63/SF median (4 sales)

This estimate sits at 0.99x county assessed value, the 25th percentile of those recent sale premiums.

Computed from 190 verified arm's-length sales in King County public records (12 in the trailing 24 months). Free public records. Not an appraisal.

Last sold: 2026-01-30 for $12,354,000 (recorded arm's-length sale).

Current ownership dates to 2026 per recorded transfers.

Source: King County recorded sales extract; buyer and seller shown only when a company or organization. Individual names are withheld.

Value over time

$0$5M$10M$15M$20M201120142017202020232026$12.4M$2.39MLast sold $14.7M · 2026$8.59M$8.64MCounty assessed valueMakeMe Estimate rangeRecorded sale

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 $4,117,000 (2011) to $8,641,000 (2026), up 110% over 15 years, per county tax rolls. The 2026 roll splits $8,641,000 into $879,100 land and $7,761,900 improvements.

Taxes

Permit history

Source: King County permit records (newest first).