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    Seattle Office Tower with Views Title is generated by Realmo AI

    600 Stewart St, Seattle, WA 98101

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    Remodeled office tower in Denny Triangle with skyline views.

    Type:office
    Property size:
    646 SF
    Added:
    Apr 15, 2026
    Days on Market:
    51
    Last Refresh:
    Apr 14 at 8:30 pm

    Property Features for 600 Stewart St

    General Information

    Standard status
    Active
    Size
    646 SF
    Property subtype
    office

    Spaces For Lease

    at 600 Stewart St Contact us

    We can help!

    Listing Contact
    Cleita Harvey

    Listing agent Cleita Harvey License #18604

    Listing office Seattle

    Listing date Apr 15, 2026

    Source Property.jll

    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 Seattle

    HighLights

    • Exceptional view corridors from every floor, including views of the downtown skyline and Space Needle.
    • Unparalleled access to public transit (light rail, monorail, metro bus, and streetcar).
    • Newly remodeled lobby, conference room, bike storage, lockers & showers.
    • Located in the center of the Denny Triangle, a sought‑after downtown Seattle destination.
    • On‑site security.
    • Proximity to major employers (Amazon HQ, Century Link, Nordstrom, Meta, Tommy Bahama, Bill & Melinda Gates Foundation, and Fred Hutch).

    Overview

    This 20-story office tower is located in the center of the Denny Triangle in downtown Seattle. The building features a remodeled lobby, conference room, bike storage, lockers, and showers. It offers view corridors from every floor, with scenes of the downtown skyline and the Space Needle. The building has 9-foot ceilings and a partially covered, brick-paved plaza with outdoor seating. On-site security is provided. The building has a parking ratio of 0.6/1,000 SF. Public transit access offers connectivity throughout the city and the region via light rail, monorail, metro bus, and streetcar. Major employers in the area include Amazon HQ, Century Link, Nordstrom, Meta, Tommy Bahama, Bill & Melinda Gates Foundation, and Fred Hutch. The building is within walking distance of over 50 apartment buildings. The property has a size of 646 square feet and was 2022 Fitwel viral response certified.
    Location Intelligence

    Current Use by Public Records

    Capital Compete Loan Service Lighthouse Law Group Law Firm Valant (Bike/Boat/Book/etc) Store HKM Employment Attorneys ... Law Firm TKN Tyson LLP Law Firm

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Daycare Center Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.3370053
    Latitude
    47.6139973

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    FAQs

    What type of property is this?
    Office building - Remodeled office tower in Denny Triangle with skyline views.
    Where is this office building located?
    The property is located at 600 Stewart St Seattle, WA.
    What are key features of this property?
    This property features: Exceptional view corridors from every floor, including views of the downtown skyline and Space Needle.; Unparalleled access to public transit (light rail, monorail, metro bus, and streetcar).; Newly remodeled lobby, conference room, bike storage, lockers & showers.
    (206) 607-1794
    We can help!
    Listing Contact
    Cleita Harvey
    Real Estate License ID: 18604
    Learn More
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    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
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