Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    2014 Madison St Seattle, WA 98122-2965
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2014 Madison St Seattle, WA 98122-2965

    View on Map
    • Office buildings
    • 22,555 SF
    • 0.14 lot acres
    Off-Market
    Property ID
    US90-3053513
    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.
    Value Estimations
    $3,450,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Descartes ShipRush / (Bike/Boat/Book/etc) Store / Corporate Office
    • Dr. Timothy Waldrup / Alternative Medicine Practice
    • Kip Mueller / Alternative Medicine Practice
    • Dr. Michelle Leary-Chang / Alternative Medicine Practice
    • Yi-Chiann Wu / Alternative Medicine Practice / Acupuncture

    Property Details for 2014 Madison St

    Year built
    2000
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.14 lot acres
    Property size
    22,555 SF
    Zone code
    NC3P-75 (M)
    Property type
    Office buildings
    APN
    332504-9012
    APU
    3325049012

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.306
    Latitude
    47.6177
    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
    $52,543
    $2,309,600
    $4,017,000
    $6,326,600
    -
    $2,309,600
    $4,017,000
    $6,326,600

    Comparable in this City

    • Value Estimation
      $3,340,000
      23,760 SF

      1115 Harvard Ave

      OFFICE BUILDING • 23,760 SF
      1115 Harvard Ave, Seattle, WA 98122
      View Details
    • Value Estimation
      $5,240,000
      38,460 SF

      1310 Yesler Way

      OFFICE BUILDING • 38,460 SF
      1310 Yesler Way, Seattle, WA 98122
      View Details
    • Value Estimation
      $2,220,000
      9,904 SF

      1658 20th Ave

      OFFICE BUILDING • 9,904 SF
      1658 20th Ave, Seattle, WA 98122
      View Details
    • Value Estimation
      $17,275,000
      105,204 SF

      1525 11th Ave

      OFFICE BUILDING • 105,204 SF
      1525 11th Ave, Seattle, WA 98122-3903
      View Details
    • Value Estimation
      $4,645,000
      259,271 SF

      1131 14th Ave

      OFFICE BUILDING • 259,271 SF
      1131 14th Ave, Seattle, WA 98122
      View Details
    • Value Estimation
      $1,730,000
      7,093 SF

      1422 Bellevue Ave

      OFFICE BUILDING • 7,093 SF
      1422 Bellevue Ave, Seattle, WA 98122-3604
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      20,778 SF

      Remodeled Office Building with Parking

      Four-story office building with parking and views for sale.
      4241 21St Ave W, Seattle, WA 98122
      View Details
    • $3,750,000
      12,236 SF

      Versatile Mixed-Use Building in Seattle

      Flex/industrial building in dynamic location with redevelopment potential.
      1200 Fir St, Seattle, WA 98122
      View Details
    • $5,750,000
      23,507 SF

      Versatile Leased Mixed-Use Property

      Fully leased mixed-use property with office, retail, and warehouse spaces.
      2201 15Th Ave W, Seattle, WA 98122
      View Details
    • $1,975,000
      3,828 SF

      Broadway State Building For Sale

      Fully occupied retail and office building in desirable Seattle location.
      824 Pike St, Seattle, WA 98122
      View Details
    • Contact for pricing
      29,170 SF

      Rainier Ave R&D Building

      High-tech Class A facility in central Seattle.
      2001 22Nd Ave S, Seattle, WA 98122
      View Details
    • Contact for pricing

      Capitol Hill Restaurant and Bar

      Move-in ready restaurant/bar condo in the heart of Capitol Hill.
      1024 E Pike St, Seattle, WA 98122
      View Details

    Similar Nearby for Lease

    • $40 SF/Yr
      76,293 SF

      Waterfront Property with Marina and Offices

      Mixed-use property featuring a marina, restaurants, and office buildings.
      110-140 Lake Washington Blvd, Seattle, WA 98122
      View Details
    • Contact for pricing

      Professional Office Space For Lease

      Office space for lease in great Capital Hill location.
      1401 E Jefferson St, Seattle, WA 98122
      View Details
    • Contact for pricing
      1,196 SF

      Office Space Near Cleveland High

      Office suites available for rent near schools and transportation.
      5333 15Th Ave South, Seattle, WA 98122
      View Details
    • Contact for pricing
      2,380 SF

      Creative Office Space Available Now

      Creative office space available for rent in Seattle, WA.
      915 E Pine St, Seattle, WA 98122
      View Details
    • $2,250 /Mo
      525 SF

      Seattle Office Space For Rent

      Office space available for lease in Seattle, Washington.
      1421 34Th Ave, Seattle, WA 98122
      View Details
    • $2,403 /Mo
      1,030 SF

      Capitol Hill Creative Space

      Historic building with high ceilings and ample natural light.
      915 Pine St, Seattle, WA 98122
      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.
    2014 Madison St
    Seattle, WA 98122-2965
    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!