Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Retail Space in Pike-Pine Neighborhood Title is generated by Realmo AI

    1201 Pine Street, Seattle, WA 98101

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Retail space in a sought-after Seattle retail and restaurant corridor.

    Type:Commercial
    Property size:
    883 SF
    Added:
    May 20, 2026
    Days on Market:
    20
    Last Refresh:
    May 21 at 8:40 am

    Property Features for 1201 Pine Street

    General Information

    Standard status
    Active
    Size
    883 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1912

    We can help!

    Listing Contact
    ANDREW MILLER

    Listing agent ANDREW MILLER

    Listing office REAL RETAIL

    Listing date May 20, 2026

    Source Corcoran

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

    All listing content including descriptions, pricing, images are the copyrighted material of REAL RETAIL

    HighLights

    • Prime location in the Pike‑Pine neighborhood, a highly desirable retail and restaurant area.
    • Adjacent to Melrose Market, featuring award‑winning restaurants and retailers.
    • Across the street from Excelsior, an urban retail collection with notable brands.
    • Gateway location to Capitol Hill.
    • Close proximity to downtown Seattle's retail core.
    • Near the Seattle Convention Center.

    Overview

    The Booker Building is located at the west end of the Pike-Pine neighborhood, an area known for its retail and restaurant activity. The building is adjacent to Seattle's Melrose Market, which features restaurants and retailers such as Terra Plata, Taylor Shellfish, and Glasswing. Across the street is the Excelsior urban retail collection, which includes Scotch Soda, Rapha, Aesop, Warby Parker, and Marine Layer. Situated at the gateway to Capitol Hill, The Booker Building is a few blocks from downtown Seattle's retail core and the Seattle Convention Center. The property offers a retail space of 883 square feet.
    Location Intelligence

    Current Use by Public Records

    Orthotics and Arch Supports Orthotics & Prosthetics Service Voodoo doughnuts Bakery PHO 4 YOU Restaurant

    Suggested Use

    Real Estate Agency Spa & Massage Center Restaurant Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.3284871
    Latitude
    47.6148533

    Nearby Similar for Lease

    • $129-$5,975/Mo
      11-1,292 SF

      WA, Seattle- 1601 5th Avenue

      1601 5Th Ave, Seattle, WA 98101
      View Details
    • $129-$11,336/Mo
      11-1,292 SF

      WA, Seattle - 5th Ave NE

      10202 5Th Ave, Unit 2ND, Seattle, WA 98125
      View Details
    • $129-$4,916/Mo
      11-1,292 SF

      WA, Seattle - Gem Plaza

      221 1St Ave, Unit 2ND, Seattle, WA 98119
      View Details
    • $129-$5,313/Mo
      11-1,292 SF

      Spaces Pioneer Square

      450 Alaskan Way, Seattle, WA 98104
      View Details
    • Sponsored
      $129-$5,087/Mo
      11-1,292 SF

      WA, Seattle - 2nd Ave

      2815 Seattle St, Seattle, WA 98121
      View Details
    • $129-$4,254/Mo
      11-1,292 SF

      Columbia Center

      701 5Th Ave, Unit 42ND, Seattle, WA 98104
      View Details
    • $129-$6,118/Mo
      11-1,292 SF

      Plaza 600

      600 Stewart St, Seattle, WA 98101
      View Details
    • $1.25 SF/Yr
      4,250 SF

      Endcap Industrial Warehouse Suite

      Endcap industrial space with 3 grade-level doors and 16-foot clear height, plus an attached office.
      19003-19015 16th Ave S, Seattle, WA 98188
      View Details
    • $129-$4,452/Mo
      11-1,292 SF

      Smith Tower

      506 2Nd Ave, Unit 1400, Seattle, WA 98104
      View Details
    • $129-$6,551/Mo
      11-1,292 SF

      Seattle City

      1420 5Th Ave, Unit 2200, Seattle, WA 98101
      View Details
    • $18 SF/Yr
      8,000 SF

      Flex Building on Busy Thoroughfare

      8,000 RSF flex building in desirable Seattle location.
      1414 Elliott Ave West, Seattle, WA 98108
      View Details
    • $18 SF/Yr
      4,815 SF

      Magnolia Village Retail and Office

      Retail and loft-style office spaces in desirable Magnolia Village.
      3410 West McGraw Street, Seattle, WA 98199
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space in a sought-after Seattle retail and restaurant corridor.
    Where is this retail space located?
    The property is located at 1201 Pine Street Seattle, WA.
    What are key features of this property?
    This property features: Prime location in the Pike‑Pine neighborhood, a highly desirable retail and restaurant area.; Adjacent to Melrose Market, featuring award‑winning restaurants and retailers.; Across the street from Excelsior, an urban retail collection with notable brands.
    We can help!
    Listing Contact
    ANDREW MILLER
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1201 Pine Street, Seattle, WA 98101
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!