Financial
Distress signals
Property profile

425 Pontius Ave N Seattle, WA 98109

FOR LEASE
Office buildings
Property ID
US90-0501120
134,056 SF 0.66 ac lot Built 1982
Last sale Dec 2025 · $13,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Market Trends Soon
425 Pontius Ave N, Seattle, WA 98109 For Lease
Contact for pricing 4,536 SF available
425 Pontius Ave N, Seattle, WA 98109
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Property summary

AI-generated overview

The property is a 4,536-square-foot office space located in the South Lake Union neighborhood, with access to I-5 via the Mercer Street exit. The suite is configured as a furnished office and includes nine covered parking stalls. Common areas were recently upgraded, and the property is set up for straightforward occupancy based on its current interior furnishing.

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.

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?
$257k
Tax billed · 2022
Assessed value$30.98M
Assessed land$14.40M
Assessed improvement$16.58M
Effective rate0.83%

Value estimate

· Sep 2026
$38.95M
$35.06M – $42.85M
CAP approach$38.62M
Submarket $/SF estimate$30.41M
NOI build-up
Gross scheduled income$138k
Vacancy & credit loss−$32k
Operating expenses−$27k
NOI · 265,443.33% cap applied$80k

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?
265,443.33%
$80k 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?
SM-SLU/R 65/95
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
Laundromat10.1
Pet Grooming Service8.6
Butcher7.9

Location

425 Pontius Ave N Seattle, WA 98109
County assessor Recorded deeds · 8 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
617 Eastlake E, Seattle, WA 98109-5681 $1,400,000 Jul 2024 144,573 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
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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