9892 40th Ave S, Seattle, WA 98118

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

Imagery suggests: industrial warehouse. 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 AI estimate from public imagery; may be outdated.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 1,229 reachable small-bay industrial buildings in Seattle. Larger than 80% of small-bay industrial buildings in Seattle (median 14,469 SF), derived from assessor records.

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Building size: 37,351 SF, King County Assessor
Lot size: 123,710 SF, King County Assessor
Year built: 1969, King County Assessor
Stories: 1, King County Assessor
Predominant use: Industrial Warehouse, King County Assessor
Assessed value: $10,003,300, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $267.82/SF, derived from assessor records
Lot coverage: 30%, derived from assessor records
Vintage: 1960s vintage
Zoning: MML U/65, King County
County use code: Industrial(Lignt)
Construction (observed): tilt up, 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.

9883 40th Ave S, Seattle · 0.1 mi · 34,732 SF · built 1979 · assessed $210.92/SF
9860 40th Ave S, Seattle · 0.1 mi · 48,100 SF · built 1967 · assessed $213.26/SF
10023 Martin Luther King Jr Way S, Seattle · 0.1 mi · 45,000 SF · built 1986 · assessed $244.27/SF
10013 Martin Luther King Jr Way S, Seattle · 0.1 mi · 18,000 SF · built 1991 · assessed $564.53/SF
9877 40th Ave S, Seattle · 0.1 mi · 60,448 SF · built 1978 · assessed $159.78/SF
9844 40th Ave S, Seattle · 0.1 mi · 19,590 SF · built 1978 · assessed $364.24/SF

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Sale history and market context

MakeMe Estimate: $13,128,453 (estimated market value), with a likely range of $9,219,344 to $14,539,774 (half of recent verified sales in this segment landed inside that range). Based on 86 verified arm's-length comparable sales (through 2026-05-29). Not an appraisal. How this estimate works.

Current ownership dates to 1990 (about 36 years) per recorded transfers.

2008-09-04: $153,300 from Pape Properties INC to Seattle City of (part of a 2-parcel sale; price is the whole deal), rec. 20081205000528

2008-09-04: $23,200 from Pape Properties INC to Seattle City of (part of a 2-parcel sale; price is the whole deal), rec. 20081205000529

1990-08-01: $1,601,000 from Hyster Company to Pape Properties INC (part of a 2-parcel sale; price is the whole deal), rec. 199008031376

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 $4,113,300 (2011) to $10,003,300 (2026), up 143% over 15 years, per county tax rolls. The 2026 roll splits $10,003,300 into $7,113,300 land and $2,890,000 improvements.

Zoning: MML U/65 (per King County)

Lot: 123,710 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Industrial Light Manufacturing 29,240 SF; Open Office 8,111 SF (county building sections)

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

Permit history

2024-09-11: Electrical, declared value $500 (Screened), permit 7045466-EL

2023-11-10: Electrical, declared value $1,500 (Screened), permit 6995796-EL

2019-07-27: Remodel, declared value $140,000 (Screened), permit 6679612-CN

2002-05-16: Building, New, declared value $86,539 (Screened), permit 727911

Source: King County permit records (newest first).