MakeMe Estimate: $32.4M (estimated market value), with a likely range of $25.7M to $40.2M (half of recent verified sales in this segment landed inside that range). Based on 4 verified arm's-length comparable sales (through 2026-05-29). Not an appraisal. How this estimate works.
lower confidence: 1 comparable sale within 3 miles; nearest 1.2 mi. This property type carries wider measured error; treat the estimate as a starting point. Last arm's-length sale: $34,300,000 in 2021. The market has moved since; the estimate reflects current county values and ratios, not that price. Comparable-sale caveat: the estimate is well above (more than double apart from) the $166.17/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: Retail in Seattle
median verified sale $412.62/SF over the trailing 24 months; 14 sales in the last 12 months and 36 in 24 (newest verified sale 2026-04); the middle 80% of recent sales traded at 0.46x to 1.76x their county assessed value, median 1.08x (36 sales with usable county values).
2022: $442.71/SF median (25 sales)
2023: $378.14/SF median (12 sales)
2024: $483.06/SF median (19 sales)
2025: $350/SF median (19 sales)
This estimate sits at 0.94x county assessed value, the 28th percentile of those recent sale premiums.
Computed from 1,038 verified arm's-length sales in King County public records (36 in the trailing 24 months). Free public records. Not an appraisal.
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
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 $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)