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Property profile & analytics
OFF-MARKET
Estimated value
$15,255,000
Office Spaces
501 Pne St Seattle, WA 98101
Entity Owned
Absentee Owner
Free & Clear
Property ID
US90-1326679
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1914
Construction
CONCRETE
Total area
79,957 SF
Lot
0.31 ac (13,560 SF)
Zoning code
DRC 85-170
APN
197570-0115
UPID
US90-1326679
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
-
Kpop Nara Seattle (Bike/Boat/Book/etc) Store
-
Blend Images Photography Service (Bike/Boat/Book/etc) Store
-
Life4cuts 인생네컷 Photography Service Party Supply Store
-
Gamma Ray Games Electronics & Wireless Store (Bike/Boat/Book/etc) Store
-
Mammoth Marketing & Advertising Advertising Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$16.24M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$15.26M
Owner & transaction history
Green Gate Capital LLC
Green Gate Capital LLC
since 2026
4 recorded transactions
Zoning & alternative use
DRC 85-170 · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$17,590,000
6.5%
$16,235,000
7%
$15,080,000
Blend value · Realmo final
$15.26M
Range $13.73M – $16.78M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$191 / 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
$244,074
Tax year 2022
Assessed value
$29,745,800
Assessed 2022
Previous assessed
$29,745,800
+0.0% YoY
Effective rate
0.82%
On assessed value
Assessed land
$11,865,000
Assessed improvement
$17,880,800
Land market value
$11,865,000
Improvement market value
$17,880,800
Total market value
$29,745,800
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 Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1914
Construction
CONCRETE
Heating
HEAT PUMP
Stories
4
Total area
79,957 SF
Lot
0.31 ac (13,560 SF)
Zoning code
DRC 85-170
APN
197570-0115
UPID
US90-1326679
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
DRC 85-170 · Seattle, WA
Zoning DRC 85-170 · permitted uses
DRC 85-170 · 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
1914
Construction
CONCRETE
Heating
HEAT PUMP
Stories
4
Lot
0.31 ac
Current owner
From public records · entity-resolved
Green Gate Capital LLC
Entity
Free & Clear · 0 yrs held
Mailing address
11225 SE 6TH ST, BELLEVUE, WA 98004-6441
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 11, 2026
$16,900,000
Green Gate Capital LLC
Oshea Building Company Seattle LLC
Bargain & Sale Deed
—
Nov 17, 2020
—
Oshea Building Co Seattle LLC
—
Deed
related
$18,000,000 · Kg Investment Properties LLC
Mar 31, 2000
—
Oshea Building Company Seattle
—
Grant Deed
related
$9,700,000 · Us Bank NA
—
—
Oshea Building Co Seattle LLC
—
Deed Of Trust
related
$18,000,000 · Kg Investment Properties LLC
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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