700 Fairview Ave N, Seattle, WA 98109

NNN Industrial · Seattle · Seattle-Bellevue metro, WA

One of 42 reachable nnn industrial buildings in Seattle. Larger than 98% of nnn industrial buildings in Seattle (median 87,332 SF), derived from assessor records.

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Building size: 282,465 SF, King County Assessor
Lot size: 92,160 SF, King County Assessor
Year built: 2014, King County Assessor
Stories: 4, King County Assessor
Buildings on parcel: 3, King County Assessor
Predominant use: Shurgard Mini-Storage, King County Assessor
Assessed value: $55,905,800, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $197.92/SF, derived from assessor records
Lot coverage: 306%, derived from assessor records
Vintage: 2010s vintage
Zoning: SM-SLU 145, King County
County use code: Mini Warehouse
Construction (observed): metal, AI estimate from public imagery
Parking (observed): none visible, 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.

1809 12th Ave, Seattle · 0.9 mi · 132,828 SF · built 1988 · assessed $119.60/SF
1111 E Madison St, Seattle · 1.2 mi · 81,613 SF · built 1910 · assessed $123.69/SF
3616 Stone Way N, Seattle · 1.8 mi · 75,397 SF · built 1991 · assessed $165.76/SF
1561 W Armory Way, Seattle · 2.3 mi · 93,815 SF · built 2018 · assessed $182.93/SF
2648 15th Ave W, Seattle · 2.4 mi · 39,952 SF · built 1915 · assessed $153.94/SF
2656 15th Ave W, Seattle · 2.4 mi · 30,989 SF · built 1980 · assessed $180.81/SF

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Sale history and market context

MakeMe Estimate: $52,120,269 (estimated market value), with a likely range of $41,952,279 to $60,275,037 (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.

Last sold: 1998-01-26 for $8,000,000 (recorded arm's-length sale).

Current ownership dates to 1998 (about 28 years) per recorded transfers.

2 administrative transfers (no consideration), 2009 to 2012

1998-01-26: $8,000,000 from Queen Investment Company to Shurgard Storage Centers INC, rec. 199801271499

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 $14,746,600 (2011) to $55,905,800 (2026), up 279% over 15 years, per county tax rolls. The 2026 roll splits $55,905,800 into $52,992,000 land and $2,913,800 improvements.

Zoning: SM-SLU 145 (per King County)

Lot: 92,160 sq ft

Rated views: Territorial, Seattle skyline, Lake / river / creek

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Mini Warehouse, Hi-Rise 257,198 SF; Mini-Warehouse 24,495 SF; Open Office 772 SF (county building sections)

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

Permit history

2022-01-31: Remodel, declared value $30,000 (Screened), permit 6842079-CN

2013-03-29: Building, New, declared value $11,650,981 (Complete), permit 6322445

2013-02-19: Demolition (Complete), permit 6336182

2007-08-15: Remodel, declared value $700,000 (Complete), permit 6132281

2007-08-15: Other (Complete), permit 3007152

2000-12-13: Remodel, declared value $150,000 (Complete), permit 717792

1998-05-21: Remodel, declared value $792,000 (Complete), permit 699190

1998-05-05: Building, New, declared value $2,250,000 (Complete), permit 698771

1998-04-20: Remodel, declared value $160,000 (Complete), permit 698431

Source: King County permit records (newest first).