Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    1101 Pike St Seattle, WA 98101-1923
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1101 Pike St Seattle, WA 98101-1923

    View on Map
    • Office buildings
    • 21,244 SF
    • 0.30 lot acres
    Off-Market
    Property ID
    US90-1139236
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $3,840,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Cloud Studios / Recording Studio
    • Bagni Volpi Noemi USA / Insurance Agency
    • Salvation Army - Food Bank / Social Service Agency / Charitable Organization
    • Diamond Parking / Parking Lot & Garage
    • Alo Moves / Gym & Fitness Center

    Property Details for 1101 Pike St

    Year built
    1946
    Construction
    CONCRETE
    Lot size
    0.30 lot acres
    Property size
    21,244 SF
    Zone code
    NC3P-95 (M)
    Property type
    Office buildings
    APN
    066000-1860
    APU
    660001860

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $6,275,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.328
    Latitude
    47.6134
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $2,497
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.33 Acres

      1001 Virginia St

      OFFICE BUILDING • 0.33 Acres
      1001 Virginia St, Seattle, WA 98101
      View Details
    • Value Estimation by Request
      0.22 Acres

      901 Howell St

      OFFICE BUILDING • 0.22 Acres
      901 Howell St, Seattle, WA 98101-1429
      View Details
    • Value Estimation
      $16,420,000
      130,893 SF

      1511 3rd Ave

      OFFICE BUILDING • 130,893 SF
      1511 3rd Ave, Seattle, WA 98101-3635
      View Details
    • Value Estimation
      $3,835,000
      19,000 SF

      1216 Pne St

      OFFICE BUILDING • 19,000 SF
      1216 Pne St, Seattle, WA 98101-1944
      View Details
    • Value Estimation
      $3,160,000
      24,300 SF

      1931 2nd Ave

      OFFICE BUILDING • 24,300 SF
      1931 2nd Ave, Seattle, WA 98101-1131
      View Details
    • Value Estimation
      $22,105,000
      135,918 SF

      1400 5th Ave

      OFFICE BUILDING • 135,918 SF
      1400 5th Ave, Seattle, WA 98101-2314
      View Details

    Similar Nearby for Sale

    • $2,500,000
      41,705 SF

      Pike-Pine Corridor Office Building

      Seven-story office building with retail and redevelopment potential.
      1518-1524 3Rd Ave, Seattle, WA 98101
      View Details
    • $2,500,000
      41,705 SF

      Pike-Pine Corridor Office Building

      Seven-story office building with retail and redevelopment potential.
      1518 3Rd Ave, Seattle, WA 98101
      View Details
    • Contact for pricing
      2,860 SF

      Prime Downtown Seattle Mixed-Use Building

      Mixed-use building in high-traffic location near Pike Place Market.
      1924 1St Ave, Seattle, WA 98101
      View Details
    • Contact for pricing

      Eastlake Office Space Available

      Office spaces for lease in Lake Union's Eastlake area.
      1910 Fairview Ave East, Seattle, WA 98101
      View Details
    • $998,000
      2,010 SF

      Seattle Commercial Condo Live/Work Space

      Commercial condo near Pike Place Market and Seattle's Waterfront.
      1512 Alaskan Way, Seattle, WA 98101
      View Details
    • $1,795,000
      3,126 SF

      Downtown Seattle Commercial Condominium

      Rare commercial condominium in downtown Seattle, suitable for various businesses.
      819 Virginia St, Seattle, WA 98101
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Mixed-Use Building in Central District

      Mixed-use building with restaurant and retail opportunities in Seattle.
      1201 3Rd Ave, Seattle, WA 98101
      View Details
    • Contact for pricing
      304,751 SF

      Prime Office Space in Seattle

      Ideally located office building in the heart of Seattle's North CBD.
      720 Olive Way, Seattle, WA 98101
      View Details
    • Contact for pricing
      26,688 SF

      Class A Office Space

      Premium office building with modern amenities and sustainable features.
      1800 9Th Ave, Seattle, WA 98101
      View Details
    • $10,781 /Mo
      6,809 SF

      Downtown Seattle Office Space Available

      Modern office space in Seattle's financial and retail district.
      1417 4Th Ave, Seattle, WA 98101
      View Details
    • Contact for pricing
      8,600 SF

      Seattle Office Space Available

      Office space for rent in Seattle, Washington.
      1411 4Th Ave, Seattle, WA 98101
      View Details
    • Contact for pricing
      113,000 SF

      Downtown Seattle Office Space

      113,000 SF office building in the heart of Seattle.
      400 University St, Seattle, WA 98101
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1101 Pike St
    Seattle, WA 98101-1923
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!