Property profile

1016 E Pike St Seattle, WA 98122

FOR LEASE
Office buildings
Property ID
US90-1313746
22,866 SF 0.16 ac lot Built 1913
Entity Owned 28-yr Hold Absentee Owner ~ Est. High Equity
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1016 E Pike St, Seattle, WA 98122 For Lease
Contact for pricing 6,810 SF available
1016 E Pike St, Seattle, WA 98122
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Property summary

AI-generated overview

An office suite in Seattle located in the Pike/Pine corridor, configured with a recently built-out interior that includes an open floor plan suitable for adding offices as needed, along with a private outdoor pavered patio at the rear featuring LED lighting. The suite provides abundant natural light and includes a private patio, frameless glass walls in the lobby and conference room areas, high-gloss lacquer cabinetry with solid-surface countertops, and modern tile flooring throughout. The space includes a modern kitchen and updated bathrooms, and extensive acoustical treatments designed to reduce reverberation and sound travel across the open layout. Building systems include a Daikin zoned heating and cooling system and an ERV (energy recovery ventilation) system for fresh air circulation. Access is provided via an elevator and two stairwells with street-level entry, and interior circulation includes lobby and conference room spaces with modern glass partitions.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1913
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 22,866 SF
Lot 0.16 ac (7,168 SF)
Zoning code NC3P-75 (M)
APN 600350-0440
UPID US90-1313746

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Pharmacy
  • Pharmacy
  • Physician
  • Charitable Organization Social Service Agency
  • Parking Lot & Garage

Location

1016 E Pike St Seattle, WA 98122
Seattle metro Census 7503 SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.68M

Owner & transaction history

2 recorded transactions
1969
Price N/A
1969
Price N/A

Zoning & alternative use

NC3P-75 (M) · Seattle, WA
Zoning description

The intent of this district is to promote neighborhood commercial activities to support or encourage a pedestrian-oriented shopping district that serves the surrounding neighborhood and a larger community, citywide, or r…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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