Financial
Distress signals
Property profile

617 Eastlake Ave E Seattle, WA 98109

FOR LEASE
Office buildings
Property ID
US90-1364346
144,573 SF 0.7 ac lot Built 1990
Last sale Sep 1989 · $1,400,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This office property is configured for workplace use and totals 14,327 square feet. It is positioned to provide views of Lake Union and the Seattle skyline and is located with access to nearby freeways, supported by on-site parking for staff and visitors. The building includes an HVAC system featuring bipolar ionization and MERV-13 filtration. Interior spaces have existing build-outs with full wiring for occupancy. Additional amenities include secure bike storage and on-site shower facilities.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included 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.

Mortgages

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?
$123k
Tax billed · 2022
Assessed value$14.56M
Assessed land$5.78M
Assessed improvement$8.78M
Effective rate0.85%

Value estimate

· Sep 2026
$1.40M
$1.26M – $1.54M
AI approach$1.40M
Sales comparison$1.94M

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$409/SF
ZIP average, outlier-cleaned · 28 recorded sales of this use type
Observed band · Q1–Q3$227 – $743
Qualifying comparables3

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?
SM-SLU 100/95
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
Laundromat9.8
Pet Grooming Service8.6
Kid Store7.7

Location

617 Eastlake Ave E Seattle, WA 98109
County assessor Recorded deeds · 10 transfers 3 qualifying comp sales 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 · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
428 Westlake N, Seattle, WA 98109-5237 $47,600,000 Oct 2024 144,282 SF
500 Yale N, Seattle, WA 98109-5680 $52,345,000 Aug 2024 141,131 SF
1000 Dexter N, Seattle, WA 98109-3582 $47,500,000 Feb 2024 110,524 SF
823 Yale N, Seattle, WA 98109-4435 $2,560,127 Mar 2023 226,592 SF
1101 Westlake N, Seattle, WA 98109-3527 $151,500,000 Apr 2022 185,116 SF
425 Pontius N, Seattle, WA 98109-5474 $39,500,000 Mar 2022 134,056 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?”
More about this property
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