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    425 Pike St Seattle, WA 98101

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    For Lease
    $45 SF/Yr

    Rare opportunity in a central business district location.

    Property size:
    36,960 SF
    Lot size:
    0.30 Acres

    Property Features for 425 Pike St

    General Information

    Size
    36,960 SF
    Lot size
    0.30 Acres

    Source: Integrated Real Estate Service Agent Bowen Peck

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Downtown Seattle Office Space

    Located at the southwest corner of Fifth & Pike in downtown Seattle, this property is the corporate headquarters of WaFd Bank. The building features super-efficient floor plates with no interior columns and very few core penetrations. Three top floors will be available starting May 2021. A comprehensive ground floor renovation has been completed, including a new Starbucks and WaFd Bank branch. The property is suitable for office, retail, bank, coffee shop, and restaurant use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Starbucks Coffee Shop WaFd Bank - Corporate ... Mortgage Lender WaFd Bank Bank BullscityFx Stock Broker Auto Venture Travel Agency

    Suggested Use

    Realty agency Spa & Massage Hair Salon Dental Office Restaurant Nail Salon Building Supply Daycare Center Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.3357705
    Latitude
    47.6103852

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    FAQs

    What type of property is this?
    Office building - Rare opportunity in a central business district location.
    Where is this office building located?
    The property is located at 425 Pike St Seattle, WA.
    What is the lease rate?
    The lease rate is $45 SF/Yr.
    What are key features of this property?
    This property features: - Prime "50 yard line" CBD location at Fifth & Pike in downtown Seattle.; - Corporate headquarters of WaFd Bank, offering prestige and stability.; - Super-efficient floor plates with no interior columns.
    (206) 515-0630
    Request Owner's contact information
    425 Pike St Seattle, WA 98101
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    Seattle, WA 98101
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    425 Pike St Seattle, WA 98101
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