8123 E Marginal Way S, Tukwila, WA 98108

Small-Bay Industrial · Tukwila · Seattle-Bellevue metro, WA

One of 269 reachable small-bay industrial buildings in Tukwila. Larger than 96% of small-bay industrial buildings in Tukwila (median 30,116 SF), derived from assessor records.

Usable building area
280,169 SF, King County Assessor
County gross area
363,182 SF, King County Assessor
Excluded area
83,013 SF outside primary usable area
Lot size
1,306,364 SF, King County Assessor
Year built
1942, King County Assessor
Stories
2, King County Assessor
Buildings on parcel
9, King County Assessor
Predominant use
Industrial(heavy), King County Assessor
Assessed value
$76,822,700, per the King County Assessor (not a market appraisal)
Assessed value per usable SF
$274.20/SF, derived from assessor records
Usable area / lot
0.21, derived from assessor records
Vintage
1940s vintage
Zoning
MIC/H, King County
County use code
Industrial(Heavy)

Nearby comparable buildings

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

Want to talk to the owner? makeme1031 delivers a private letter directly to the owner of record. We never publish the owner's identity or address.

Own this building?

Claim privately

Claiming is for you. Your mailing address is never shown; no offer reaches you unless you opt in.

Claimed owners can confirm facts, watch the estimate, and decide whether to reply.

Received a letter about this building? It came from a real buyer through makeme1031; claiming is how you reply privately, on your terms.

Claimed owners also get Portfolio Pulse: a monthly email tracking this building's value.

Claim or manage this building

Sale history and market context

MakeMe Estimate: $65.3M (estimated market value), with a likely range of $47.3M to $81M (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: 2 comparable sales within 3 miles; nearest 2 mi. This property type carries wider measured error; treat the estimate as a starting point. Comparable-sale caveat: the estimate is well above (more than double apart from) the $79.98/SF median of the shown comparable sales.

Comparable sales used as evidence

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 Tukwila

median verified sale $220.63/SF over the trailing 24 months; 6 sales in the last 12 months and 12 in 24 (newest verified sale 2026-01); the middle 80% of recent sales traded at 0.81x to 1.43x their county assessed value, median 1.13x (12 sales with usable county values).

  • 2022: $243.68/SF median (6 sales)
  • 2024: $204.27/SF median (5 sales)
  • 2025: $220.63/SF median (4 sales)

This estimate sits at 0.85x county assessed value, the 17th percentile of those recent sale premiums.

Computed from 190 verified arm's-length sales in King County public records (12 in the trailing 24 months). Free public records. Not an appraisal.

Value over time

$0$50M$100M$150M201120142017202020232026$65.3M$76.8MCounty assessed valueMakeMe Estimate range

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 $25,362,000 (2011) to $76,822,700 (2026), up 203% over 15 years, per county tax rolls. The 2026 roll splits $76,822,700 into $52,254,500 land and $24,568,200 improvements.

Taxes

Permit history

Source: King County permit records (newest first).