Small-Bay Industrial · Kent · Seattle-Bellevue metro, WA
One of 670 reachable small-bay industrial buildings in Kent. Larger than 41% of small-bay industrial buildings in Kent (median 33,120 SF), derived from assessor records.
Usable building area
23,970 SF, King County Assessor
Lot size
352,800 SF, King County Assessor
Year built
1992, King County Assessor
Stories
1, King County Assessor
Buildings on parcel
2, King County Assessor
Predominant use
Warehouse, King County Assessor
Assessed value
$8,665,400, per the King County Assessor (not a market appraisal)
Assessed value per usable SF
$361.51/SF, derived from assessor records
Usable area / lot
0.07, derived from assessor records
Vintage
1990s vintage
Zoning
I3, King County
County use code
Warehouse
Nearby comparable buildings
Same building type, by distance. Assessor facts only; not an opinion of value.
MakeMe Estimate: $8.85M (estimated market value), with a likely range of $6.41M to $11M (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. Recent sale check: this building sold for $12,000,000 in 2025; the estimate is about 26% apart. Treat the recorded trade as strong evidence alongside the model. Comparable-sale caveat: the estimate is 66% above the $222.14/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 Kent
median verified sale $243.02/SF over the trailing 24 months; 15 sales in the last 12 months and 29 in 24 (newest verified sale 2026-04); the middle 80% of recent sales traded at 0.75x to 1.61x their county assessed value, median 1.17x (28 sales with usable county values).
2022: $303.98/SF median (13 sales)
2023: $224.60/SF median (10 sales)
2024: $236.22/SF median (15 sales)
2025: $323.66/SF median (15 sales)
This estimate sits at 1.02x county assessed value, the 32nd percentile of those recent sale premiums.
Computed from 681 verified arm's-length sales in King County public records (29 in the trailing 24 months). Free public records. Not an appraisal.
Last sold: 2025-09-17 for $12,000,000 (recorded arm's-length sale).
Current ownership dates to 2025 per recorded transfers.
2025-09-17: $12,000,000 from Abf INC +Transport Realty INC to Rlif Coinvestment II Properties LLC, rec. 20250917000666
1996-09-30: transfer from G I Trucking Company to Transport Realty INC (part of a 16-parcel sale; price is the whole deal), rec. 199612040000
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 $3,294,400 (2011) to $8,665,400 (2026), up 163% over 15 years, per county tax rolls. The 2026 roll splits $8,665,400 into $6,660,800 land and $2,004,600 improvements.
Zoning: I3 (per King County)
Lot: 352,800 sq ft
Water: Water District (per King County)
Sewer: Public (per King County)
Access: Public
Street surface: Paved
Floor and use mix: Transit Warehouse 21,150 SF; Garage, Service Repair 2,400 SF (county building sections)