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    1200 12Th Ave Seattle, WA 98144

    Sponsored
    For Lease
    $19 SF/Yr

    31,720 sq ft, Iconic Beacon Hill location.

    Lot size:
    31,720 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 31,720-square-foot office property, located at 1200 12th Ave S in Seattle, WA 98144, presents a unique investment opportunity. Situated on the iconic Pacific Tower campus atop Beacon Hill, just south of Seattle's downtown core, this single-tenant property offers a blend of historic character and modern adaptability. Originally constructed in 1932 as housing, these buildings, known as The Historic Quarters, were renovated in 2013 and converted into administrative offices. Currently classified as a Class B office space, the property is zoned C1-55(M), allowing for a variety of uses. The flexible layout is suitable for medical, executive, or creative office tenants. While the existing improvements are functional, opportunities exist for modernization to enhance the space for continued office use or to adapt it to new uses, aligning with Seattle's zoning code and the PHPDA's Master Plan. The property's prime location and substantial square footage make it an attractive proposition for discerning investors and businesses seeking a unique and well-positioned office space. The Assessor's Parcel Number (APN) is 2829600110.

    Property Features for 1200 12Th Ave

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    31,720 SF
    Class
    B

    Building Details

    Year Built/Renovated
    1932/2013

    Unit(s) available at that property

    Space
    Size
    31,720 SF
    Rate per SF
    $19

    HighLights

    • 31,720‑square‑foot office building at 1200 12th Ave S, Seattle, WA 98144.
    • Located on the Pacific Tower campus in Beacon Hill, south of downtown Seattle.
    • Single‑tenant property, renovated in 2013, currently Class B office space.
    • Zoned C1‑55(M), allowing for flexible use including medical, executive, or creative offices.
    • Offers opportunities for modernization.
    • Assessor's Parcel Number (APN): 2829600110.
    Property Profile Location Intelligence

    Current Use by Public Records

    Pacific Medical Center ... Doctor Inland Pacific Imaging ... Diagnostic Center Dr. Daniel E. ... Surgeon Neighborcare Health Administrative ... Medical Group Pacific Medical Center ... Doctor

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon 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
    -122.3152575
    Latitude
    47.5922581

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    FAQs

    What type of property is this?
    Office space - 31,720 sq ft, Iconic Beacon Hill location.
    Where is this office space located?
    The property is located at 1200 12Th Ave Seattle, WA.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: 31,720-square-foot office building at 1200 12th Ave S, Seattle, WA 98144.; Located on the Pacific Tower campus in Beacon Hill, south of downtown Seattle.; Single-tenant property, renovated in 2013, currently Class B office space.
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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
    1200 12Th Ave Seattle, WA 98144
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