Property profile

1101 Pike St Seattle, WA 98122

OFF-MARKET
Office buildings
Property ID
US90-1447448
20,480 SF 0.12 ac lot Built 1911
Entity Owned 11-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 19,210 square foot creative office building, located at 1101 E Pike Street in Seattle's Capitol Hill submarket, presents a unique investment opportunity. Built in 1911 and extensively renovated in 2023, this three-story building boasts a single structure with multiple tenancies. The available space totals 4,383 square feet, ideal for businesses seeking a prominent presence in this dynamic neighborhood. The building's design incorporates expansive windows, maximizing natural light and showcasing the bustling energy of Capitol Hill. Its prime location offers excellent foot traffic, with close proximity to a variety of trendy cafes, boutiques, and vibrant nightlife. Situated in King County, Washington, with a 98122 zip code, this property is perfectly positioned to capitalize on the area's thriving business environment. The building's blend of historical charm and modern updates creates a sophisticated and inspiring workspace, making it an attractive option for creative businesses and entrepreneurs. This is a rare chance to secure a space in one of Seattle's most desirable and sought-after urban locations. The property's strategic location and recent renovations ensure a high-quality, functional, and aesthetically pleasing environment for any business.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1911
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 20,480 SF
Lot 0.12 ac (5,376 SF)
Zoning code NC3P-75 (M)
APN 600350-0190
UPID US90-1447448

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
  • Recording Studio
  • Insurance Agency
  • Social Service Agency Charitable Organization
  • Parking Lot & Garage
  • Gym & Fitness Center

Location

1101 Pike St Seattle, WA 98122-3938
Seattle metro Census 7503 SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.30M

Owner & transaction history

since 2015
6 recorded transactions
2015
Price N/A
2014
$5.4M
2004
Price N/A
1988
Price N/A
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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