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Property profile & analytics
OFF-MARKET Estimated value $135,875,000
Office buildings

801 2nd Ave Seattle, WA 98104-1576

331,695 SF 0.65 ac lot Built 1958
Entity Owned 4-yr Hold Free & Clear
Property ID
US90-1638639
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1958
Construction STEEL FRAME
Total area 331,695 SF
Lot 0.65 ac (28,200 SF)
Zoning code DMC 340/290-440
APN 093900-0355
UPID US90-1638639
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
  • 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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$95.56M
Comparable Approach Comparable
$170.79M
Blend (final) Blend
$135.88M
Owner & transaction history
Hines Norton Seattle LLC · 4 yrs held
Hines Norton Seattle LLC
since 2021
Last sale
$147.3M
4 recorded transactions
2021
$147.3M
2013
Price N/A
1999
Price N/A
1969
Price N/A
Zoning & alternative use
DMC 340/290-440 · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $174.1M +48.5%
Commercial (general) $167.8M +43.2%
Auto repair, garage $136.5M +16.4%
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