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Financial
Distress signals
Property profile

1191 2Nd Ave Seattle, WA 98101

FOR LEASE
Office buildings
Property ID
US90-0088298
635,303 SF 0.8 ac lot Built 1991
Last sale Jan 2022 · $320,200,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon
1191 2Nd Ave, Seattle, WA 98101 For Lease
Contact for pricing 31,847 SF available
1191 2Nd Ave, Seattle, WA 98101
View Listing

Property summary

AI-generated overview

This 1,823-square-foot retail food and beverage/café space is located on a corner with frontage at 2nd Avenue and Seneca Street and features a Graham Baba design. The layout includes indoor seating/service areas plus a large outdoor patio, with access to a refreshed building lobby. The space is positioned near the waterfront redevelopment and a concentration of restaurants, bars, local businesses, arts, and entertainment. The property also includes building parking, and the building has been…

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?
$2.09M
Tax billed · 2022
Assessed value$256.94M
Assessed land$53.77M
Assessed improvement$203.17M
Effective rate0.81%

Value estimate

· Oct 2026
$281.02M
$252.91M – $309.12M
CAP approach$183.03M
Submarket $/SF estimate$272.23M
NOI build-up
Gross scheduled income$699k
Vacancy & credit loss−$21k
Operating expenses−$204k
NOI · 1,582,886.67% cap applied$475k

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?
1,582,886.67%
$475k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
DOC1 U/450/U
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
Laundromat10.5
Pet Grooming Service7.8
Pet Store6.1

Location

1191 2Nd Ave Seattle, WA 98101
County assessor Recorded deeds · 12 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
1800 9th, Seattle, WA 98101-1358 $76,540,000 Sep 2024 480,840 SF
1201 3rd, Seattle, WA 98101-3029 $548,784,720 Apr 2023 1,128,575 SF
1101 2nd, Seattle, WA 98101-2923 $61,800,000 Jan 2022 147,672 SF
1930 Boren, Seattle, WA 98101-1406 $119,019,316 Apr 2021 199,398 SF
1918 8th, Seattle, WA 98101-1244 $588,714,528 Dec 2020 876,139 SF
1420 5th, Seattle, WA 98101-4087 $611,774,000 Jul 2019 922,344 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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