7047 E Marginal Way S, Seattle, WA 98108

NNN Retail · Seattle · Seattle-Bellevue metro, WA

Imagery suggests: freestanding retail. AI estimate from public imagery. In recent public imagery (2026-06), the building appears serviceable with visible wear. AI estimate from public imagery; may be outdated.

One of 1,026 reachable nnn retail buildings in Seattle. Larger than 54% of nnn retail buildings in Seattle (median 5,208 SF), derived from assessor records.

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Building size: 5,676 SF, King County Assessor
Lot size: 11,546 SF, King County Assessor
Year built: 1928, King County Assessor
Stories: 1, King County Assessor
Predominant use: Restaurant, King County Assessor
Assessed value: $1,006,400, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $177.31/SF, derived from assessor records
Lot coverage: 49%, derived from assessor records
Vintage: pre-war vintage
Zoning: MML U/85, King County
County use code: Tavern/Lounge
Parking (observed): surface lot, AI estimate from public imagery

Nearby comparable buildings

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

7200 E Marginal Way S, Seattle · 0.2 mi · 2,437 SF · built 1984 · assessed $906.48/SF
6538 4th Ave S, Seattle · 0.4 mi · 5,060 SF · built 1987 · assessed $277/SF
6316 6th Ave S, Seattle · 0.4 mi · 6,840 SF · built 1986 · assessed $277/SF
551 S Michigan St, Seattle · 0.5 mi · 1,846 SF · built 1977 · assessed $937.76/SF
601 S Michigan St, Seattle · 0.5 mi · 3,794 SF · built 2018 · assessed $781.92/SF
6601 E Marginal Way S, Seattle · 0.5 mi · 3,245 SF · built 1959 · assessed $250.54/SF

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Sale history and market context

MakeMe Estimate: $1,216,176 (estimated market value), with a likely range of $1,015,995 to $1,377,916 (half of recent verified sales in this segment landed inside that range). Based on 152 verified arm's-length comparable sales (through 2026-05-29). Not an appraisal. How this estimate works.

Current ownership dates to 2023 (about 3 years) per recorded transfers.

2023-04-18: transfer from Private party to Jcaj LLC (non-market transfer), rec. 20230525000175

2005-11-30: $470,000 from Private party to Private party (non-market transfer), rec. 20051206002904

3 administrative transfers (no consideration), 1999 to 2004

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 $722,700 (2011) to $1,006,400 (2026), up 39% over 15 years, per county tax rolls. The 2026 roll splits $1,006,400 into $635,000 land and $371,400 improvements.

Zoning: MML U/85 (per King County)

Lot: 11,546 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Restaurant, Table Service 5,676 SF (county building sections)

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

Permit history

2025-10-16: Electrical, declared value $800 (Screened), permit 7112229-EL

2025-07-15: Electrical, declared value $4,195 (Screened), permit 7096363-EL

2024-02-16: Electrical, declared value $300 (Screened), permit 7009946-EL

2006-09-13: Building, New, declared value $159,718 (Complete), permit 6099705

Source: King County permit records (newest first).