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Financial
Distress signals
Property profile

801 2nd Ave Seattle, WA 98104

OFF-MARKET
Office buildings
Property ID
US90-1638639
331,695 SF 0.65 ac lot Built 1958
Last sale Nov 2021 · $147,250,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 13-yr Hold Held for 13 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The Norton Building, a distinguished Class A office building, presents a rare opportunity in Seattle's vibrant Central Business District (CBD). Located at 801 2nd Ave, this iconic 17-story structure boasts a total of 331,695 square feet of prime office space. Originally constructed in 1958 and extensively renovated in 1983, the building offers a blend of classic elegance and modern functionality. Currently, eight executive office suites are available, ranging in size from 1,402 to 15,843…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$992k
Tax billed · 2022
Assessed value$121.53M
Assessed land$29.61M
Assessed improvement$91.92M
Effective rate0.82%

Value estimate

· Oct 2026
$135.88M
$122.29M – $149.46M
CAP approach$95.56M
Submarket $/SF estimate$170.79M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$353/SF
Submarket average, outlier-cleaned · 337 recorded sales of this use type
Observed band · Q1–Q3$205 – $579

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
DMC 340/290-440
JurisdictionKING

Location intelligence

Which uses thrive at this corner?
Best fit: Laundromat
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Laundromat9.9
Pet Grooming Service9.5
Pet Store7.1

Location

801 2nd Ave Seattle, WA 98104-1576
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
801 1st, Seattle, WA 98104-1404 $9,500,000 Oct 2024 166,975 SF
712 3rd, Seattle, WA 98104-1803 $50,350,000 Sep 2024 227,621 SF
502 2nd, Seattle, WA 98104-2336 $137,870,000 Aug 2024 304,346 SF
619 2nd, Seattle, WA 98104 $13,422,474 May 2024 87,236 SF
505 Madison, Seattle, WA 98104-1123 $729,800,000 May 2022 990,000 SF
800 5th, Seattle, WA 98104-3176 $588,714,528 Dec 2020 914,733 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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