Financial
Distress signals
Property profile

1500 Westlake Ave N Seattle, WA 98109

FOR LEASE
Office buildings
Property ID
US90-1643141
19,352 SF 1.73 ac lot Built 1940
Last sale Sep 2002 · $11,307,410
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Market Trends Soon
1500 Westlake Ave N, Seattle, WA 98109 For Lease
Contact for pricing 795 SF available
1500 Westlake Ave N, Seattle, WA 98109
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Property summary

AI-generated overview

The property consists of a commercial space with frontage on Westlake Avenue, located in the South Lake Union area and positioned along a designated bike route. The building includes shower facilities for occupants, and nearby city parking is available.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$88k
Tax billed · 2022
Assessed value$10.70M
Assessed land$2.37M
Assessed improvement$8.33M
Effective rate0.82%

Value estimate

· Sep 2026
$10.93M
$9.83M – $12.02M
AI approach$8.34M
Sales comparison$8.38M
NOI build-up
Gross scheduled income$24k
Vacancy & credit loss−$6k
Operating expenses−$5k
NOI · 43,615.63% cap applied$14k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$409/SF
ZIP average, outlier-cleaned · 28 recorded sales of this use type
Observed band · Q1–Q3$227 – $743

Cap rate analysis

How does the asset earn?
43,615.63%
$14k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C2-40
The intent of this district is to promote general commercial activities, to provide for an auto-oriented, primarily non-retail commercial...
General categoryINDUSTRIAL
JurisdictionKING

Location intelligence

Which uses thrive at this corner?
Best fit: Electrical Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Electrical Service9.7
Carpet & Flooring Store9.5
Laundromat9.2

Location

1500 Westlake Ave N Seattle, WA 98109
County assessor Recorded deeds · 5 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1265 Republican, Seattle, WA 98109-5537 $10,997,030 Jun 2024 37,563 SF
2120 1st N, Seattle, WA 98109-2301 $3,150,000 May 2024 13,320 SF
820 Minor N, Seattle, WA 98109-4420 $5,083,000 Mar 2023 20,800 SF
1000 Fairview N, Seattle, WA 98109-4415 $18,132,000 Mar 2023 37,740 SF
1213 Vly, Seattle, WA 98109-4428 $20,500,000 Mar 2023 40,204 SF
Seattle, WA 98109 $268,940,438 Feb 2022 25,901 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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