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Financial
Distress signals
Property profile

2001 Western Ave Seattle, WA 98121

FOR LEASE
Office buildings
Property ID
US90-0066878
170,575 SF 1.41 ac lot Built 1981
Last sale Aug 2025 · $60,050,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Market Trends Soon
2001 Western Ave, Seattle, WA 98121 For Lease
Contact for pricing 6,809 SF available
2001 Western Ave, Seattle, WA 98121
View Listing

Property summary

AI-generated overview

The property is a commercial office building located directly adjacent to Pike Place Market, including the area associated with its expansion. It is configured as Marketplace I and Marketplace II, together providing more than 120,000 square feet of office space and access to more than 400 parking stalls. The listing describes an available office space measuring 1,291 square feet, within a building setting that supports multiple tenant users (with examples noted as Anchorhead Coffee, Locust Cider, and Aerlume by Fire Vine Hospitality).

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?
$590k
Tax billed · 2022
Assessed value$71.27M
Assessed land$26.02M
Assessed improvement$45.25M
Effective rate0.83%

Value estimate

· Oct 2026
$55.64M
$50.08M – $61.20M
CAP approach$49.14M
Submarket $/SF estimate$53.32M

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?
PMM-85
This district promotes mixed uses, applies to the area encompassed by the adopted Pike Place Project Urban Renewal Plan inclusive of the ...
General categoryMIXED_USE
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
Laundromat10.6
Laundry Service7.0
Electrical Service6.5

Location

2001 Western Ave Seattle, WA 98121
County assessor Recorded deeds · 15 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
2821 Alaskan, Seattle, WA 98121 $10,980,000 Jan 2025 76,893 SF
2301 5th, Seattle, WA 98121-1865 $118,663,466 Dec 2021 287,471 SF
2801 3rd, Seattle, WA 98121 $52,500,000 Sep 2021 100,734 SF
2601 Elliott, Seattle, WA 98121-1399 $184,895,692 Aug 2021 350,310 SF
3005 1st, Seattle, WA 98121-1010 $50,685,000 Sep 2020 109,347 SF
2201 6th, Seattle, WA 98121-1857 $120,656,489 Dec 2018 378,002 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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