Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1211 King St Seattle, WA 98144-2024

    • Office buildings
    • 3,220 SF
    • 0.14 lot acres
    OFF-MARKET
    Value Estimations
    $775,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1057384
    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.

    Current Use by Public Records

    • Debora Moore / Artist
    • Fiori Studio / Interior Design / Home Decor Store

    Property Details for 1211 King St

    Year built
    1905
    Construction
    FRAME
    Lot size
    0.14 lot acres
    Property size
    3,220 SF
    Zone code
    DMR/C 75/75-170
    Property type
    Office buildings
    APN
    817010-0325
    APU
    8170100325

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,005,000
      6.5%
      $930,000
      7%
      $860,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,140,000
      Current use
      RETAIL STORES
      $1,290,000
      Change: +13% Conversion: Moderate
      MEDICAL BUILDING
      $1,105,000
      Change: -3% Conversion: Easy
      WAREHOUSE, STORAGE
      $950,000
      Change: -16% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.317
    Latitude
    47.5981
    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
    2024
    $13,994
    $1,350,000
    $1,000
    $1,351,000
    -
    $1,350,000
    $1,000
    $1,351,000

    Comparable in this City

    • Value Estimation
      $3,810,000
      28,296 SF

      1600 Ln St

      OFFICE BUILDING • 28,296 SF
      1600 Ln St, Seattle, WA 98144-2810
      View Details
    • Value Estimation
      $1,215,000
      5,946 SF

      1641 Jackson St

      OFFICE BUILDING • 5,946 SF
      1641 Jackson St, Seattle, WA 98144-2110
      View Details
    • Value Estimation
      $700,000
      3,691 SF

      1257 King St

      OFFICE BUILDING • 3,691 SF
      1257 King St, Seattle, WA 98144-2024
      View Details
    • Value Estimation
      $3,895,000
      28,910 SF

      412 12th S Ave

      OFFICE BUILDING • 28,910 SF
      412 12th S Ave, Seattle, WA 98144-2032
      View Details
    • Value Estimation
      $3,050,000
      22,345 SF

      1414 31st S Ave

      OFFICE BUILDING • 22,345 SF
      1414 31st S Ave, Seattle, WA 98144-3955
      View Details
    • Value Estimation
      $2,240,000
      10,049 SF

      1407 Dearborn St

      OFFICE BUILDING • 10,049 SF
      1407 Dearborn St, Seattle, WA 98144-2801
      View Details

    Similar Nearby for Sale

    • $8,000,000
      1,200 SF

      Rainier Avenue Office Building For Sale

      34,929 SF owner-user investment opportunity in Seattle, WA.
      1900 Rainier Ave S, Seattle, WA 98144
      View Details
    • $5,250,000
      7,394 SF

      Historic Mixed-Use Building in Seattle

      Iconic Seattle building with retail, office, and parking.
      3601 S Mcclellan St, Seattle, WA 98144
      View Details
    • $2,250,000
      4,800 SF

      Renovated Medical Building with Apartment

      Renovated medical building with apartment, suitable for practitioners.
      510 Rainier Ave S, Seattle, WA 98144
      View Details
    • Contact for pricing

      Seattle Land Redevelopment Opportunity

      Multi-family zoned land in Seattle's Central neighborhood.
      324 25Th Ave S, Seattle, WA 98144
      View Details
    • $1,295,000
      2,810 SF

      Beacon Hill Development Opportunity

      Development site with income-producing duplex in North Beacon Hill.
      1306 S Bayview St, Seattle, WA 98144
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Historic Office Campus in Seattle

      Iconic campus with office space available for lease.
      1200 12Th Ave S, Seattle, WA 98144
      View Details
    • Contact for pricing
      63,278 SF

      Two-Story Office Space Available

      Two-story office space with convenient access to transportation.
      2300 26Th Ave S, Seattle, WA 98144
      View Details
    • Contact for pricing
      31,720 SF

      Pacific Tower Historic Office Quarters

      Historic office campus atop Beacon Hill in Seattle available for lease.
      1200 12Th Ave S, Seattle, WA 98144
      View Details
    • Contact for pricing

      Mount Baker Office/Retail Building

      Class A office/retail building in Mount Baker neighborhood.
      1414 31St Ave S, Seattle, WA 98144
      View Details
    • Contact for pricing
      8,101 SF

      Functional Office Space Near I-90

      Office space with I-90 and I-5 access, minutes from downtown.
      828 Poplar Pl S, Seattle, WA 98144
      View Details
    • Contact for pricing
      1,591 SF

      Seattle Office Space Available

      Office space for rent in Seattle, Washington, totaling 1,591 SF.
      1366 31St Ave S, Seattle, WA 98144
      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.
    1211 King St
    Seattle, WA 98144-2024
    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!