Property profile

617 Eastlake Ave E Seattle, WA 98109

FOR LEASE
Office buildings
Saved · see the list in your Dashboard
Property ID
US90-1364346
144,573 SF 0.7 ac 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.
Market Trends Soon

Property summary

AI-generated overview

This commercial property is configured for office use, comprising approximately 3,216 square feet. It has exterior views toward Lake Union and the Seattle skyline and is positioned for visibility and accessibility via nearby freeways. The building includes provisions for exterior signage, offers on-site parking for staff and visitors, and features a modern HVAC system with bipolar ionization and MERV-13 filtration for air quality. The interior space includes built-out office areas with full…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

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

· Nov 2026
$1.40M
$1.26M – $1.54M
AI approach$1.40M
Submarket $/SF estimate$1.94M

Realmo valuation models over county records.

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

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 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 · 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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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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