Small-Bay Industrial · Seattle · Seattle-Bellevue metro, WA
One of 2,011 reachable small-bay industrial buildings in Seattle. Larger than 92% of small-bay industrial buildings in Seattle (median 10,000 SF), derived from assessor records.
Usable building area
57,540 SF, King County Assessor
Lot size
111,236 SF, King County Assessor
Year built
1969, King County Assessor
Stories
1, King County Assessor
Predominant use
Warehouse, King County Assessor
Assessed value
$13,997,600, per the King County Assessor (not a market appraisal)
Assessed value per usable SF
$243.27/SF, derived from assessor records
Usable area / lot
0.52, derived from assessor records
Vintage
1960s vintage
Zoning
MML U/85, King County
County use code
Warehouse
Nearby comparable buildings
Same building type, by distance. Assessor facts only; not an opinion of value.
MakeMe Estimate: $17.6M (estimated market value), with a likely range of $14.5M to $19.9M (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: 5 comparable sales within 3 miles; nearest 0.5 mi. This property type carries wider measured error; treat the estimate as a starting point. Last arm's-length sale: $15,483,000 in 2022. The market has moved since; the estimate reflects current county values and ratios, not that price. Comparable-sale caveat: the estimate is 64% above the $187.42/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: Industrial in Seattle
median verified sale $313.30/SF over the trailing 24 months; 40 sales in the last 12 months and 81 in 24 (newest verified sale 2026-05); the middle 80% of recent sales traded at 0.66x to 1.59x their county assessed value, median 1.06x (80 sales with usable county values).
2022: $360.01/SF median (39 sales)
2023: $354.62/SF median (33 sales)
2024: $329.79/SF median (32 sales)
2025: $289.77/SF median (46 sales)
2026 YTD: $307.69/SF median (11 sales)
This estimate sits at 1.26x county assessed value, the 71st percentile of those recent sale premiums.
Computed from 1,501 verified arm's-length sales in King County public records (81 in the trailing 24 months). Free public records. Not an appraisal.
Last sold: 2022-02-17 for $15,483,000 (recorded arm's-length sale).
Current ownership dates to 2022 (about 4 years) per recorded transfers.
2022-02-17: $15,483,000 from Trent Avenue Partners LLC to GFP CL Seattle 6335 LLC, rec. 20220218000034
2022-01-24: transfer from Private party to Private party (non-market transfer), rec. 20220125000805
2018-06-14: $5,550,000 from Lonestar Investors LP to Trent Avenue Partners LLC, rec. 20180618001474
2003-10-08: transfer from Private party to Private party (non-market transfer), rec. 20031008001875
2000-05-31: $3,300,000 from Glacier NW INC to American Life INC, rec. 20000531001043
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 $4,603,200 (2011) to $13,997,600 (2026), up 204% over 15 years, per county tax rolls. The 2026 roll splits $13,997,600 into $6,117,900 land and $7,879,700 improvements.
Zoning: MML U/85 (per King County)
Lot: 111,236 sq ft
Water: Water District (per King County)
Sewer: Public (per King County)
Access: Public
Floor and use mix: Warehouse, Distribution 56,580 SF; Office Building 480 SF (county building sections)