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Property profile & analytics
FOR SALE
Office buildings
824 Pike St, Seattle, WA 98122
Entity Owned
1-yr Hold
Free & Clear
Property ID
US90-0718630
No photos on file
For Sale
$1,975,000
824 Pike St, Seattle, WA 98122
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Property summary
AI-generated overview
Prime Capitol Hill Commercial Building
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1913
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,953 SF
Lot
0.03 ac (1,429 SF)
Zoning code
NC3P-75 (M)
APN
600300-0525
UPID
US90-0718630
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
-
ComeBuyTEA Seattle Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.86M
CAP Approach
CAP
$1.14M
Comparable Approach
Comparable
$1.70M
Blend (final)
Blend
$1.59M
Owner & transaction history
824 East Pike Street LLC · 1 yrs held
824 East Pike Street LLC
since 2025
Last sale
$1.5M
4 recorded transactions
Zoning & alternative use
NC3P-75 (M) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.2M
+57.4%
Auto repair, garage
$1.6M
+16.4%
Retail stores
$1.6M
+13.5%
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
$1,775,000
ML approach
$1,860,000
CAP Approach
CAP Return
Estimation
6%
$1,235,000
6.5%
$1,140,000
7%
$1,055,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,395,000
Current use
COMMERCIAL (GENERAL)
$2,200,000
Change: +57% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,625,000
Change: +16% · Conversion: Difficult
RETAIL STORES
$1,585,000
Change: +13% · Conversion: Moderate
MEDICAL BUILDING
$1,360,000
Change: -3% · Conversion: Easy
WAREHOUSE, STORAGE
$1,170,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$1.59M
Range $1.43M – $1.75M · ±10% · vs last sale $1.54M (Jun 4 2025)
Last sale anchor
$1.54M
Jun 4 2025
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
$402 / 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
$14,430
Tax year 2022
Assessed value
$1,741,900
Assessed 2022
Previous assessed
$1,741,900
+0.0% YoY
Effective rate
0.83%
On assessed value
Assessed land
$650,100
Assessed improvement
$1,091,800
Land market value
$650,100
Improvement market value
$1,091,800
Total market value
$1,741,900
Applied tax rate
13.0000
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 buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1913
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Stories
2
Total area
3,953 SF
Lot
0.03 ac (1,429 SF)
Zoning code
NC3P-75 (M)
APN
600300-0525
UPID
US90-0718630
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC3P-75 (M) · Seattle, WA
Zoning NC3P-75 (M) · permitted uses
NC3P-75 (M) · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$1.6M
RETAIL STORES
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.4M
WAREHOUSE, STORAGE
Est. value
$1.2M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1913
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Stories
2
Lot
0.03 ac
Current owner
From public records · entity-resolved
824 East Pike Street LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1620 BROADWAY STE #201, SEATTLE, WA 98122-2564
Ownership since
2025
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
Jun 4, 2025
$1,536,250
824 East Pike Street LLC
Broadway State LLC
Warranty Deed
—
Aug 31, 2012
$1,450,000
Broadway State LLC
Jack Solowoniuk
Warranty Deed
$1,307,482 · Cashmere Valley Bank
Mar 12, 1997
$525,000
Jack Solowoniuk
Almer Arzo Estate
Quit Claim Deed
related
$375,000 · Individual
—
—
Jack Solowoniuk
—
Deed Of Trust
related
$450,000 · Homestreet Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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