Property profile

505 Olive Way Seattle, WA 98101

OFF-MARKET
Medical Office Space
Property ID
US90-0817424
363,934 SF 0.57 ac lot Built 1925
Entity Owned 6-yr Hold
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1925
Construction CONCRETE
Total area 363,934 SF
Lot 0.57 ac (24,820 SF)
Zoning code DRC 85-170
APN 065900-0085
UPID US90-0817424

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

505 Olive Way Seattle, WA 98101
Seattle metro Census 8200 SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$13.23M

Owner & transaction history

since 2019
7 recorded transactions
2021
Price N/A
2020
Price N/A
2019
$112.8M
2018
Price N/A
2007
Price N/A
2005
$38.5M
2001
Price N/A

Zoning & alternative use

DRC 85-170 · Seattle, WA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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