Small-Bay Industrial · Kent · Seattle-Bellevue metro, WA
One of 670 reachable small-bay industrial buildings in Kent. Larger than 89% of small-bay industrial buildings in Kent (median 33,120 SF), derived from assessor records.
Usable building area
184,272 SF, King County Assessor
Lot size
484,768 SF, King County Assessor
Year built
1985, King County Assessor
Stories
1, King County Assessor
Buildings on parcel
4, King County Assessor
Predominant use
Industrial Park, King County Assessor
Assessed value
$46,609,400, per the King County Assessor (not a market appraisal)
Assessed value per usable SF
$252.94/SF, derived from assessor records
Usable area / lot
0.38, derived from assessor records
Vintage
1980s vintage
Zoning
I1, King County
County use code
Industrial Park
Nearby comparable buildings
Same building type, by distance. Assessor facts only; not an opinion of value.
MakeMe Estimate: $38.5M (estimated market value), with a likely range of $35.1M to $48.2M (half of recent verified sales in this segment landed inside that range). Based on 6 verified arm's-length comparable sales (through 2026-06-01). Not an appraisal. How this estimate works.
lower confidence: 2 comparable sales within 3 miles; nearest 0.6 mi. This property type carries wider measured error; treat the estimate as a starting point. Recent sale check: this building sold for $34,750,000 in 2025; the estimate is about 11% apart. Treat the recorded trade as strong evidence alongside the model. Comparable-sale caveat: the estimate is 34% below the $314.85/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 0.83x county assessed value, the 18th 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: 2025-12-29 for $34,750,000 (recorded arm's-length sale).
Current ownership dates to 2025 per recorded transfers.
2025-12-29: $34,750,000 from Gateway Springbrook LLC to CLPF Springbrook LLC, rec. 20260106000563
2016-12-16: $23,200,000 from Metzler I Springbrook LP to Gateway Springbrook LLC (part of a 2-parcel sale; price is the whole deal), rec. 20161216000838
2007-07-12: $10,781,882 from WCM 122-302 LLC to Metzler I Springbrook LP, rec. 20070712000365
1998-09-22: transfer from Bank of America to WCM 122-302 LLC (non-market transfer), rec. 199810012072
1996-02-27: $5,300,000 from Springbrook Properties INC to Seattle-First National Bank Et Al (non-market transfer), rec. 199603010239
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 $6,892,800 (2011) to $46,609,400 (2026), up 576% over 15 years, per county tax rolls. The 2026 roll splits $46,609,400 into $13,815,800 land and $32,793,600 improvements.
Zoning: I1 (per King County)
Lot: 484,768 sq ft
Water: Water District (per King County)
Sewer: Public (per King County)
Access: Public
Street surface: Paved
Floor and use mix: Industrial Flex Buildings 184,272 SF (county building sections)