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    801 2nd Ave Seattle, WA 98104-1576
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    Property profile & analytics

    801 2nd Ave, Seattle, WA 98104-1576

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    • Office buildings
    • 331,695 SF
    • 0.65 lot acres
    Off-Market
    Last Sale Nov 18, 2021
    $147,250,000
    Property ID
    US90-1638639
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Laird Norton Wetherby / Financial Advisor
    • Samuel Meyler, Attorney at Law / Law Firm
    • TangoLaw, PLLC / Law Firm
    • Byram Barbara / Law Firm
    • Recording Connection Audio Institute / Vocational School / Training Center

    Property Details for 801 2nd Ave

    Year built
    1958
    Construction
    STEEL FRAME
    Lot size
    0.65 lot acres
    Zone code
    DMC 340/290-440
    Property type
    Office buildings
    APN
    093900-0355
    APU
    939000355

    Description

    The Norton Building, a distinguished Class A office building, presents a rare opportunity in Seattle's vibrant Central Business District (CBD). Located at 801 2nd Ave, this iconic 17-story structure boasts a total of 331,695 square feet of prime office space. Originally constructed in 1958 and extensively renovated in 1983, the building offers a blend of classic elegance and modern functionality. Currently, eight executive office suites are available, ranging in size from 1,402 to 15,843 square feet, catering to diverse business needs. The building's prime location within King County ensures easy access to major transportation arteries, high-end amenities, and a thriving business community. This single-building property provides a unique opportunity for businesses seeking a prestigious address in the heart of Seattle. The building's impressive size and desirable location make it an ideal choice for companies looking to establish or expand their presence in the city's dynamic business landscape. The available suites offer flexible layouts adaptable to various business configurations. This is a chance to secure a place in one of Seattle's most sought-after commercial addresses. Inquire today to learn more about the available spaces and their specific features.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      Off market
    • CAP approach

      CAP Return
      Estimation
      6%
      $103,520,000
      6.5%
      $95,560,000
      7%
      $88,735,000
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $170,794,000
      Market price range: $68.2M - $192M
    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $117,215,000
      Current use
      RESTAURANT
      $174,065,000
      Change: +49% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $167,840,000
      Change: +43% Conversion: Easy
      AUTO REPAIR, GARAGE
      $136,465,000
      Change: +16% Conversion: Difficult
      RETAIL STORES
      $133,005,000
      Change: +13% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $117,640,000
      Change: +0% Conversion: Easy
      MEDICAL BUILDING
      $114,055,000
      Change: -3% Conversion: Easy
      WAREHOUSE, STORAGE
      $97,985,000
      Change: -16% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.335
    Latitude
    47.6037
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $992,017
    $29,610,000
    $91,920,000
    $121,530,000
    -
    $29,610,000
    $91,920,000
    $121,530,000
    More about this property
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