MakeMe Estimate: $4.24M (estimated market value), with a likely range of $2.98M to $5.37M (half of recent verified sales in this segment landed inside that range). Based on 7 verified arm's-length comparable sales (through 2026-06-01). The county roll carries a nominal improvement value for this parcel, so the estimate leans on comparable sales and the county-confirmed building area rather than the county land and improvement split. Not an appraisal. How this estimate works.
lower confidence: 0 comparable sales within 3 miles; nearest 5.1 mi. This property type carries wider measured error; treat the estimate as a starting point.
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: Retail in Redmond
median verified sale $689.08/SF over the trailing 24 months; 4 sales in the last 12 months and 6 in 24 (newest verified sale 2026-02).
Computed from 99 verified arm's-length sales in King County public records (6 in the trailing 24 months). Free public records. Not an appraisal.
Current ownership dates to 2013 (about 13 years) per recorded transfers.
2023-08-14: transfer from Lake Washington School District No 414 to G&I VII Redmond Retail LLC (part of a 2-parcel sale; price is the whole deal), rec. 20230825000025
2013-08-01: $750,000 from PPR Redmond Adjacent Development LLC to G & I VII Redmond Development LLC (part of a 3-parcel sale; price is the whole deal), rec. 20130802001540
2010: transferred to City of Redmond, no consideration (2 recorded transfers, 2009 to 2010)
1999-02-18: $47,503,197 from Town Center Associates to PPR Redmond Retail LLC (part of a 17-parcel sale; price is the whole deal), rec. 199902232834
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. Not an appraisal. How this estimate works.
Land, site, and value history
Assessed value moved from $1,552,000 (2011) to $1,772,500 (2026), up 14% over 15 years, per county tax rolls. The 2026 roll splits $1,772,500 into $1,751,100 land and $21,400 improvements.
Zoning: TWNC (per King County)
Lot: 87,556 sq ft
Water: Water District (per King County)
Sewer: Public (per King County)
Access: Public
Street surface: Paved
Floor and use mix: Shed, Material Storage 5,600 SF (county building sections)