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Property profile & analytics
FOR LEASE
Office buildings
414 Olive Way Seattle, WA 98101
Entity Owned
27-yr Hold
Absentee Owner
Property ID
US90-1433816
No photos on file
For Lease
$10,275,000
414 Olive Way, Seattle, WA 98101
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1916
Construction
CONCRETE
Total area
73,399 SF
Lot
0.24 ac (10,240 SF)
Zoning code
DOC2 500/300-550
APN
065900-0385
UPID
US90-1433816
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
-
Chirstal Radio Radio Station Telecommunications Service
-
Cole & Weber Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Wunderman Thompson Seattle Marketing & Advertising Advertising Agency
-
Times Square Building Business Service Center Corporate Office
-
Possible Business Service Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.28M
Owner & transaction history
Times Square Building LLC · 27 yrs held
Times Square Building LLC
since 1998
5 recorded transactions
Zoning & alternative use
DOC2 500/300-550 · 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
$140 / 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
$147,541
Tax year 2022
Assessed value
$17,932,800
Assessed 2022
Previous assessed
$17,932,800
+0.0% YoY
Effective rate
0.82%
On assessed value
Assessed land
$14,848,000
Assessed improvement
$3,084,800
Land market value
$14,848,000
Improvement market value
$3,084,800
Total market value
$17,932,800
Applied tax rate
11.0000
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
1916
Construction
CONCRETE
Heating
HEAT PUMP
Stories
5
Total area
73,399 SF
Lot
0.24 ac (10,240 SF)
Zoning code
DOC2 500/300-550
APN
065900-0385
UPID
US90-1433816
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
DOC2 500/300-550 · Seattle, WA
Zoning DOC2 500/300-550 · permitted uses
DOC2 500/300-550 · 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
1916
Construction
CONCRETE
Heating
HEAT PUMP
Stories
5
Lot
0.24 ac
Current owner
From public records · entity-resolved
Times Square Building LLC
Entity
Mailing address
1809 7TH AVE STE #300, SEATTLE, WA 98101-1341
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1998
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 17, 2005
—
Sclater Partners Architecs PC
—
Trustees Deed
related
—
Aug 26, 1998
—
Times Square Building LLC
Vance Corporation
Quit Claim Deed
related
$4,690,000 · Moran Guaranty Trust Co Of New
Oct 3, 1990
—
Tower Building Co
Puget Sound Syst
Quit Claim Deed
related
—
—
—
Times Square Building LLC
—
Deed Of Trust
related
$6,600,000 · Key Bank NA
—
—
Times Square Building LLC
—
Deed Of Trust
related
$5,851,240 · Falconer 2012 Trust (pt)
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.
Try Rey
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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