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Property profile & analytics
OFF-MARKET Estimated value $4,510,000
Retail space

500 Pike St Seattle, WA 98122-3885

24,476 SF 0.23 ac lot Built 1924
Entity Owned 12-yr Hold ~ Est. High Equity
Property ID
US90-1555423
Property summary
AI-generated overview

The Greenus Building, a beautifully renovated 3-story creative office and retail space at 500 E Pike St in Seattle's vibrant Pike Place Market area, offers 23,286 square feet of versatile commercial space. Built in 1917 and extensively renovated in 2014, this King County property boasts a unique blend of historic charm and modern functionality. Currently, 1,568 square feet of space is available for lease, including a single 2,883 square foot unit ideal for a variety of retail or office uses. The building's location within a thriving retail core provides excellent visibility and foot traffic. While on-site parking is not available, the building's proximity to downtown Seattle ensures easy access to public transportation and ample nearby parking options. The building is classified as multi-tenant and does not include elevators. This property presents a rare opportunity to establish a presence in a highly desirable and accessible Seattle location. A virtual tour is available online. The property is zoned for retail and office use, and also includes storage space.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1924
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 24,476 SF
Lot 0.23 ac (10,200 SF)
Zoning code NC3P-75 (M)
APN 880490-0865
UPID US90-1555423
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
  • Meet Korean BBQ Steak House Korean Barbecue Restaurant
  • Auxiliary Marketing & Advertising Advertising Agency
  • Policy Masters Insurance WA Insurance Agency
  • STUDS Capitol Hill Tattoo & Piercing Shop
  • Prestige Insurance Solution Seattle Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$5.62M
Comparable Approach Comparable
$3.05M
Blend (final) Blend
$4.51M
Owner & transaction history
Greenus Building INC · 12 yrs held
Greenus Building INC
since 2014
7 recorded transactions
2014
Price N/A
2007
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
NC3P-75 (M) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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