832 NE Northgate Way, Seattle, WA 98125

NNN Retail · Seattle · Seattle-Bellevue metro, WA

Imagery suggests: retail plaza, appears multi-tenant. AI estimate from public imagery. In recent public imagery (2026-06), the building appears well maintained. AI estimate from public imagery; may be outdated.

One of 1,026 reachable nnn retail buildings in Seattle. Larger than 98% of nnn retail buildings in Seattle (median 5,208 SF), derived from assessor records.

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Building size: 96,059 SF, King County Assessor
Lot size: 213,065 SF, King County Assessor
Year built: 1969, King County Assessor
Stories: 2, King County Assessor
Buildings on parcel: 3, King County Assessor
Predominant use: Shopping Center Retail Stores, King County Assessor
Assessed value: $34,627,300, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $360.48/SF, derived from assessor records
Lot coverage: 45%, derived from assessor records
Vintage: 1960s vintage
Zoning: NC3-55 (M), King County
County use code: Shopping Ctr(Community)
Construction (observed): masonry, AI estimate from public imagery
Parking (observed): surface lot, AI estimate from public imagery

Nearby comparable buildings

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

10822 Roosevelt Way NE, Seattle · 0.1 mi · 1,652 SF · built 1969 · assessed $2,759/SF
11300 Roosevelt Way NE, Seattle · 0.1 mi · 35,021 SF · built 2009 · assessed $186.45/SF
300 NE Northgate Way, Seattle · 0.2 mi · 691,997 SF · built 2000 · assessed $87.85/SF
11749 15th Ave NE, Seattle · 0.5 mi · 2,160 SF · built 1950 · assessed $253.33/SF
2137 N Northgate Way, Seattle · 0.6 mi · 2,875 SF · built 1971 · assessed $2,374/SF
10745 Meridian Ave N, Seattle · 0.7 mi · 1,789 SF · built 1961 · assessed $1,750/SF

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Sale history and market context

MakeMe Estimate: $33,739,762 (estimated market value), with a likely range of $24,727,627 to $39,459,280 (half of recent verified sales in this segment landed inside that range). Based on 28 verified arm's-length comparable sales (through 2026-05-29). Not an appraisal. How this estimate works.

Last sold: 2021-06-10 for $34,300,000 (recorded arm's-length sale).

Current ownership dates to 2021 (about 5 years) per recorded transfers.

2021-06-10: $34,300,000 from S-F Northgate LLC to Brfii Northgate LLC, rec. 20210614001076

2005-03-18: $45,000 from Private party to S-F Northgate LLC (non-market transfer), rec. 20050330002633

2004-01-23: transfer from 580 Green LLC to S-F Northgate LLC, rec. 20040130001691

2003-10-30: $17,650,000 from Lakha Northgate Properties LLC+Q/A Properties No… to 580 Green LLC+Alder Park LLC+Palma Plaza LLC… (non-market transfer), rec. 20031031000933

2001-09-28: $13,650,000 from Private party to Lakha Northgate Properties (non-market transfer), rec. 20010928001726

Source: King County recorded sales extract; buyer and seller shown only when a company or organization. Individual names are withheld.

Value over time

Solid line: county appraised value per King County tax rolls. Shaded range: our modeled estimate for each year, built from recorded arm's-length sales in the building's segment; years without enough sales stay unmodeled. Dots: recorded arm's-length sales. Not an appraisal. How this estimate works.

Land, site, and value history

Assessed value moved from $21,131,100 (2011) to $34,627,300 (2026), up 64% over 15 years, per county tax rolls. The 2026 roll splits $34,627,300 into $34,090,400 land and $536,900 improvements.

Zoning: NC3-55 (M) (per King County)

Lot: 213,065 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Retail Store 63,404 SF; Line Retail 28,831 SF; Bank 3,824 SF (county building sections)

County districts report (schools, fire, sewer, council; on kingcounty.gov)

Permit history

2016-10-05: Remodel, declared value $115,000 (Complete), permit 6554859

2013-11-08: Remodel, declared value $145,000 (Complete), permit 6390133

2012-08-28: Remodel, declared value $380,000 (Complete), permit 6323981

2011-06-24: Remodel, declared value $11,000 (Complete), permit 6287361

2010-08-20: Remodel, declared value $250,000 (Complete), permit 6255801

2004-09-03: Remodel, declared value $43,000 (Complete), permit 745139

2004-05-27: Demolition, declared value $10,000 (Complete), permit 742829

Source: King County permit records (newest first).