Commercial · Mercer Island · Seattle-Bellevue metro, WA
One of 25 reachable commercial buildings in Mercer Island. Larger than 80% of commercial buildings in Mercer Island (median 35,785 SF), derived from assessor records.
Usable building area
92,311 SF, King County Assessor
Lot size
43,946 SF, King County Assessor
Year built
1990, King County Assessor
Stories
4, King County Assessor
Predominant use
Retirement Facility, King County Assessor
Units
79, King County Assessor
Assessed value
$20,313,300, per the King County Assessor (not a market appraisal)
Assessed value per usable SF
$220.05/SF, derived from assessor records
Usable area / lot
2.1, derived from assessor records
Vintage
1990s vintage
Zoning
TC, King County
County use code
Retirement Facility
Nearby comparable buildings
Same building type, by distance. Assessor facts only; not an opinion of value.
MakeMe Estimate: $20.9M (estimated market value), with a likely range of $17.4M to $25.2M (half of recent verified sales in this segment landed inside that range). Based on 4 verified arm's-length comparable sales (through 2026-06-01). Not an appraisal. How this estimate works.
lower confidence: 1 comparable sale within 3 miles; nearest 0.3 mi. This property type carries wider measured error; treat the estimate as a starting point. Comparable-sale caveat: the estimate is 42% above the $159.71/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.
Last sold: 2016-08-02 for $19,748,000 (recorded arm's-length sale).
Ownership tenure is not asserted for this parcel: the most recent recorded transfer is a non-market conveyance.
2016-08-02: $19,748,000 from Sound Communities Island House LLC to Sound Communities Island House LLC, rec. 20160810001582
2006-09-29: transfer from Gencor S-Mercer Island Associates to Sound Communities-Island House LLC (non-market transfer), rec. 20061005002600
1989-08-24: $734,910 from Private party to Private party, rec. 198909011318
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 $12,250,000 (2011) to $20,313,300 (2026), up 66% over 15 years, per county tax rolls. The 2026 roll splits $20,313,300 into $9,228,600 land and $11,084,700 improvements.
Zoning: TC (per King County)
Lot: 43,946 sq ft
Water: Water District (per King County)
Sewer: Public (per King County)
Access: Public
Street surface: Paved
Floor and use mix: Home For The Elderly 71,711 SF; Basement, Parking 19,188 SF; Retail Store 1,412 SF (county building sections)