Small-Bay Industrial · Seattle · Seattle-Bellevue metro, WA
One of 2,011 reachable small-bay industrial buildings in Seattle. Larger than 82% of small-bay industrial buildings in Seattle (median 10,000 SF), derived from assessor records.
Usable building area
31,300 SF, King County Assessor
Lot size
41,425 SF, King County Assessor
Year built
1978, King County Assessor
Stories
1, King County Assessor
Predominant use
Warehouse, King County Assessor
Assessed value
$7,169,200, per the King County Assessor (not a market appraisal)
Assessed value per usable SF
$229.05/SF, derived from assessor records
Usable area / lot
0.76, derived from assessor records
Vintage
1970s vintage
Zoning
MML U/65, King County
County use code
Warehouse
Nearby comparable buildings
Same building type, by distance. Assessor facts only; not an opinion of value.
MakeMe Estimate: $9.4M (estimated market value), with a likely range of $7.71M to $10.6M (half of recent verified sales in this segment landed inside that range). Based on 8 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 2.4 mi. This property type carries wider measured error; treat the estimate as a starting point. Recent sale check: this building sold for $8,000,000 in 2023; the estimate is about 17% apart. Treat the recorded trade as strong evidence alongside the model. Comparable-sale caveat: the estimate is 33% above the $226.22/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 Seattle
median verified sale $313.30/SF over the trailing 24 months; 40 sales in the last 12 months and 81 in 24 (newest verified sale 2026-05); the middle 80% of recent sales traded at 0.66x to 1.59x their county assessed value, median 1.06x (80 sales with usable county values).
2022: $360.01/SF median (39 sales)
2023: $354.62/SF median (33 sales)
2024: $329.79/SF median (32 sales)
2025: $289.77/SF median (46 sales)
2026 YTD: $307.69/SF median (11 sales)
This estimate sits at 1.31x county assessed value, the 75th percentile of those recent sale premiums.
Computed from 1,501 verified arm's-length sales in King County public records (81 in the trailing 24 months). Free public records. Not an appraisal.
Last sold: 2023-04-10 for $8,000,000 (recorded arm's-length sale).
Current ownership dates to 2023 (about 3 years) per recorded transfers.
2023-04-10: $8,000,000 from Scharhon Family LLC to 9229 10th Ave S LLC, rec. 20230417000039
2018-03-30: $237,500 from Private party to Scharhon Family LLC (non-market transfer), rec. 20180424001499
2017: transferred to Scharhon Family LLC, no consideration (2 recorded transfers, 2003 to 2017)
1998-10-06: $1,420,000 from Private party to Private party, rec. 199810071508
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 $2,259,300 (2011) to $7,169,200 (2026), up 217% over 15 years, per county tax rolls. The 2026 roll splits $7,169,200 into $2,381,900 land and $4,787,300 improvements.
Zoning: MML U/65 (per King County)
Lot: 41,425 sq ft
Water: Water District (per King County)
Sewer: Public (per King County)
Access: Public
Street surface: Paved
Floor and use mix: Warehouse, Distribution 31,300 SF (county building sections)