940 NW 49th St, Seattle, WA 98107

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

Imagery suggests: flex industrial, appears multi-tenant. AI estimate from public imagery. In recent public imagery (2026-06), the building appears serviceable with visible wear. AI estimate from public imagery; may be outdated.

One of 1,229 reachable small-bay industrial buildings in Seattle. Larger than 11% of small-bay industrial buildings in Seattle (median 14,469 SF), derived from assessor records.

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Building size: 4,310 SF, King County Assessor
Lot size: 5,625 SF, King County Assessor
Year built: 1954, King County Assessor
Stories: 1, King County Assessor
Buildings on parcel: 2, King County Assessor
Predominant use: Storage Warehouse, King County Assessor
Assessed value: $1,162,400, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $269.70/SF, derived from assessor records
Lot coverage: 77%, derived from assessor records
Vintage: 1950s vintage
Zoning: UI U/45, King County
County use code: Industrial(Lignt)
Construction (observed): metal, AI estimate from public imagery
Parking (observed): surface lot, AI estimate from public imagery
Frontage (observed): mid block, AI estimate from public imagery

Nearby comparable buildings

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

943 NW 50th St, Seattle · 0 mi · 12,014 SF · built 1972 · assessed $191.52/SF
925 NW 49th St, Seattle · 0 mi · 7,363 SF · built 2011 · assessed $261.21/SF
4911 11th Ave NW, Seattle · 0 mi · 6,240 SF · built 1975 · assessed $212.04/SF
925 NW 50th St, Seattle · 0 mi · 6,300 SF · built 1968 · assessed $189.06/SF
928 NW Leary Way, Seattle · 0 mi · 9,532 SF · built 2018 · assessed $484.48/SF
902 NW Leary Way, Seattle · 0 mi · 3,535 SF · built 1960 · assessed $318.84/SF

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Sale history and market context

MakeMe Estimate: $1,661,403 (estimated market value), with a likely range of $1,432,673 to $1,853,521 (half of recent verified sales in this segment landed inside that range). Based on 96 verified arm's-length comparable sales (through 2026-05-29). Not an appraisal. How this estimate works.

Last sold: 2003-10-20 for $578,947 (recorded arm's-length sale).

Current ownership dates to 2017 (about 9 years) per recorded transfers.

2017-01-06: transfer from SCG Properties LLC to Private party (non-market transfer), rec. 20170109001259

2003-10-20: $578,947 from Private party to SCG Properties LLC, rec. 20031021000377

3 administrative transfers (no consideration), 1993 to 2000

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 $586,200 (2011) to $1,162,400 (2026), up 98% over 15 years, per county tax rolls. The 2026 roll splits $1,162,400 into $928,100 land and $234,300 improvements.

Zoning: UI U/45 (per King County)

Lot: 5,625 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Storage Warehouse 3,360 SF; Open Office 950 SF (county building sections)

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