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Property profile & analytics
FOR LEASE
Office buildings
200 W Thomas St, Seattle, WA 98119
Entity Owned
~
Est. High Equity
Property ID
US90-1018799
For Lease
$11,420,000
200 W Thomas St, Seattle, WA 98119
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1974
Construction
CONCRETE
Total area
88,062 SF
Lot
0.66 ac (28,800 SF)
Zoning code
SM-UP 85 (M)
APN
198920-0615
UPID
US90-1018799
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
Current use
Occupant on record · Public records
-
SkyKick (Bike/Boat/Book/etc) Store Corporate Office
-
Northwest Regional Primary Care Association Charitable Organization Social Service Agency
-
boyle martin Law Firm
-
Fxville Inc Film Production Television Studio
-
Ranta CPA Property Management Company Bookkeeping Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.42M
Owner & transaction history
200 West Thomas Street Holdings LLC
200 West Thomas Street Holdings LLC
since 2025
7 recorded transactions
Zoning & alternative use
SM-UP 85 (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
$130 / 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
$123,215
Tax year 2022
Assessed value
$14,506,300
Assessed 2022
Previous assessed
$14,506,300
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$14,400,000
Assessed improvement
$106,300
Land market value
$14,400,000
Improvement market value
$106,300
Total market value
$14,506,300
Applied tax rate
10.0000
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
For Lease
Year built
1974
Construction
CONCRETE
Heating
OTHER
Cooling
OTHER
Stories
5
Total area
88,062 SF
Lot
0.66 ac (28,800 SF)
Zoning code
SM-UP 85 (M)
APN
198920-0615
UPID
US90-1018799
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
SM-UP 85 (M) · Seattle, WA
Zoning SM-UP 85 (M) · permitted uses
SM-UP 85 (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
1974
Construction
CONCRETE
Heating
OTHER
Cooling
Yes
Stories
5
Lot
0.66 ac
Current owner
From public records · entity-resolved
200 West Thomas Street Holdings LLC
Entity
Mailing address
1000 2ND AVE STE #1800, SEATTLE, WA 98104-3619
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 18, 2025
—
200 West Thomas Street Holdings LLC
396 2 Selig Portfolio Holdings LLC
Special Warranty Deed
—
May 2, 2017
—
Sreh 2014 LLC
—
Loan Modification
related
$238,936,855 · Deutsche Bk Tr #2014-gc22 (ce)
Apr 24, 2014
—
Sreh 2014 LLC
Selig Family Holdings LLC
Quit Claim Deed
related
—
Jul 30, 2004
—
Real Estate Holdings One Selig
—
Deed Of Trust
related
$1,200,000 · Michael R Mastro
May 5, 2004
—
Selig Real Estate Holdings LLC
—
Deed Of Trust
related
$5,750,000 · Seven Sevens LLC
May 21, 2003
—
Real Estate Holdings One Selig
—
Deed Of Trust
related
$1,100,000 · Abk LLC
Oct 17, 1997
—
Selig Real Estate Holding LLC
—
Deed Of Trust
related
$12,800,000 · Secore Financial Corp
—
—
Martin Selig
—
Deed Of Trust
related
$98,111 · Centrum Financial Services INC
—
—
Real Estate Holdings One Selig
—
Deed Of Trust
related
$3,500,000 · Centrum Financial Services INC
—
—
Selig Trust
—
Deed Of Trust
related
$650,000 · Centrum Financial Services INC
—
—
Real Estate Holdings One Selig
—
Deed Of Trust
related
$900,000 · Centrum Financial Services INC
—
—
Real Estate Holdings One Selig
—
Deed Of Trust
related
$3,500,000 · Centrum Financial Services INC
—
—
Selig Real Estate Holdings
—
Deed Of Trust
related
$780,000 · Frb INC
—
—
Real Estate Holdings One Selig
—
Deed Of Trust
related
$780,000 · Seven Sevens INC
—
—
Selig Real Estate Holdings Twe
—
Deed Of Trust
related
$3,300,000 · Wf Capital INC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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