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601 Pine St, Seattle, WA 98101
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Property summary
AI-generated overview
Located at the corner of 6th Avenue and Pine Street, 601 Pine is a retail building in Seattle. The structure was constructed in 1929 as an I. Magnin department store and features high ceilings and large plate-glass windows. Retail space is configured across four floors, with a total available area up to 54,000 square feet and the ability to be subdivided down to approximately 3,357 square feet at street level. The property is situated across from a flagship Nordstrom location and headquarters, approximately one block from Amazon’s world headquarters, and about one block from the Washington State Convention Center, with the Pine Pike corridor of Capitol Hill within walking distance. The building size is stated as 8,509 square feet.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1929
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
78,920 SF
Lot
0.35 ac (15,120 SF)
Zoning code
DOC2 500/300-550
APN
197670-0005
UPID
US90-0698787
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Gym & Fitness Center
-
Gym & Fitness Center
-
Gym & Fitness Center
-
Clothing Store Fashion Accessories Store
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$18.11M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.47M
Owner & transaction history
since 2026
7 recorded transactions
Zoning & alternative use
DOC2 500/300-550 · Seattle, WA
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
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Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$13.47M
Value range
$12.12M – $14.82M
±10% around blend
Estimated value / SF
$171 / SF
Confidence
Property data
100
Market benchmarks
67
Comparable evidence
60
$12.12M
blend $13.47M
$14.82M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
78,920 SF
Lot area
0.35 ac
Year built
1929
Stories
4
APN
197670-0005
Zoning
DOC2 500/300-550
Assessed value
$39,231,100
Annual tax
$321,378
3
Income approach: direct capitalization
Partial preview
Income approach indication
$18.11M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$19.62M
@ 6.5% CAP return
$18.11M
@ 7% CAP return
$16.81M
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$13.47M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 270 sales
$401
-57%
County 399 sales
$392
-56%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $171/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$39.23M
Move the market yield to see immediate price impact.
Value / SF
$497
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$2.47M
$49.43M
$35.31M
$27.46M
$2.75M
$54.92M
$39.23M
$30.51M
$3.02M
$60.42M
$43.15M
$33.56M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$321,378
Tax year 2022
Assessed value
$39,231,100
Assessed 2022
Previous assessed
$39,231,100
+0.0% YoY
Effective rate
0.82%
On assessed value
Assessed land
$21,924,000
Assessed improvement
$17,307,100
Land market value
$21,924,000
Improvement market value
$17,307,100
Total market value
$39,231,100
Applied tax rate
11.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1929
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
OTHER
Stories
4
Total area
78,920 SF
Lot
0.35 ac (15,120 SF)
Zoning code
DOC2 500/300-550
APN
197670-0005
UPID
US90-0698787
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
DOC2 500/300-550 · Seattle, WAZoning DOC2 500/300-550 · permitted uses
DOC2 500/300-550 · Seattle, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1929
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
Yes
Stories
4
Lot
0.35 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
DOC2 500/300-550
Jurisdiction
Seattle, WA
Recorded code
DOC2 500/300-550
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for DOC2 500/300-550 in Seattle, WA.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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