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Property profile & analytics
OFF-MARKET
Estimated value
$4,050,000
Office buildings
1217 Pike St, Seattle, WA 98122
Entity Owned
30-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1140563
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1920
Construction
CONCRETE
Total area
23,422 SF
Lot
0.35 ac (15,110 SF)
Zoning code
NC3P-75 (M)
APN
600300-0070
UPID
US90-1140563
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.05M
Owner & transaction history
Weiss-jenkins III LLC · 30 yrs held
Weiss-jenkins III LLC
since 1995
7 recorded transactions
Zoning & alternative use
NC3P-75 (M) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Seattle submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Seattle submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$173 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$71,177
Tax year 2022
Assessed value
$8,414,200
Assessed 2022
Previous assessed
$8,414,200
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$6,346,200
Assessed improvement
$2,068,000
Land market value
$6,346,200
Improvement market value
$2,068,000
Total market value
$8,414,200
Applied tax rate
13.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1920
Construction
CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
3
Total area
23,422 SF
Lot
0.35 ac (15,110 SF)
Zoning code
NC3P-75 (M)
APN
600300-0070
UPID
US90-1140563
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC3P-75 (M) · Seattle, WA
Zoning NC3P-75 (M) · permitted uses
NC3P-75 (M) · Seattle, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Seattle. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1920
Construction
CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
3
Lot
0.35 ac
Current owner
From public records · entity-resolved
Weiss-jenkins III LLC
Entity
Mailing address
3023 80TH AVE SE STE #201, MERCER ISLAND, WA 98040-6014
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1995
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 13, 2019
—
Weiss-jenkins II LLC
—
Deed
related
$2,500,000 · Miscellaneous Ins Co
Dec 8, 1995
$1,050,000
Weiss-jenkins III LLC
Sample,robert E
Grant Deed
$1,000,000 · Key Bank Of Washington
May 13, 1992
—
Olson,martha J
Sample,robert E
Grant Deed
related
—
Mar 18, 1992
$59,800
Martha J Olson
Sample
Grant Deed
—
—
—
Weiss-jenkins II LLC
—
Loan Modification
related
$2,500,000 · Miscellaneous Ins Co
—
—
Scott A Mccombs
—
Deed Of Trust
related
$279,950 · Bank Of America
—
—
Weiss-jenkins III LLC
—
Deed Of Trust
related
$1,650,000 · Cuna Mutual Life Insurance Co
—
—
Weiss-jenkins III LLC
—
Deed Of Trust
related
$2,150,000 · Riversource Life Ins Co/new Yo
—
—
Weiss-jenkins III LLC
—
Deed Of Trust
related
$388,000 · Washington Trust Bank
—
—
Weiss-jenkins III LLC
—
Deed Of Trust
related
$2,500,000 · Miscellaneous Ins Co
—
—
Weiss-jenkins III LLC
—
Deed Of Trust
related
$1,380,000 · Continental Savings Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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