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    Property profile & analytics

    1517 12Th Ave Seattle, WA 98122

    • Investment properties
    • 1,470 SF
    • 0.06 lot acres
    For Lease
    View listing
    $28 SF/Yr
    Value Estimation
    Location Intelligence
    Property ID
    US90-1297854
    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

    • Parkio, Inc. / Transportation Service
    • Indies Workshop / Coworking Space
    • Quesinberry and Associates / Marketing Agency / Advertising Agency
    • Smart Bathroom & Kitchen Remodeling / Bathroom Remodeler / Kitchen Remodeler
    • NW Corporate Yoga / Health Consultant / Wellness Program

    Property Details for 1517 12Th Ave

    Year built
    1901
    Construction
    WOOD FRAME
    Lot size
    0.06 lot acres
    Property size
    1,470 SF
    Zone code
    NC3P-75 (M)
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    600300-0275
    APU
    6003000275

    Description

    The Ballou Wright Building, a historic three-story structure built in 1917, offers a unique opportunity for businesses seeking office space in Seattle's vibrant Pike/Pine corridor. Located at 1517 12th Ave, in the heart of King County, this 30,720 square foot building boasts a variety of office spaces, ranging from 1,104 to 3,474 square feet, suitable for various business needs. The building's diverse subtypes cater to creative offices, traditional office setups, and even coworking arrangements, making it a versatile option for a range of tenants. The building features multiple tenancies and includes an elevator for convenient access to all three floors. Its prime location offers easy access to Cal Anderson Park and public transportation, with nearby monthly parking options available. The building's advantageous position above Overcast Coffee and within the bustling Pike/Pine retail corridor provides proximity to numerous popular retail stores, grocery options, and restaurants. This historic building blends character with modern convenience, offering a compelling location for businesses seeking a dynamic and well-connected Seattle address. The property is classified as Office, Retail, and Restaurant space.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.315
    Latitude
    47.6146
    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
    $8,719
    $1,022,000
    $0.00
    $1,022,000
    -
    $1,022,000
    $0.00
    $1,022,000

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    1517 12Th Ave
    Seattle, WA 98122
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    Realmo Value Estimation

    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.

    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.

    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
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