1201 Western Ave, Seattle, WA 98101

Office · Seattle · Seattle-Bellevue metro, WA

Imagery suggests: urban mixed-use, appears multi-tenant. AI estimate from public imagery. In recent public imagery (2026-06), the building appears well maintained. AI estimate from public imagery; may be outdated.

One of 957 reachable office buildings in Seattle. Larger than 78% of office buildings in Seattle (median 20,410 SF), derived from assessor records.

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Building size: 122,356 SF, King County Assessor
Lot size: 16,080 SF, King County Assessor
Year built: 1910, King County Assessor
Stories: 7, King County Assessor
Predominant use: Office Building, King County Assessor
Assessed value: $17,889,000, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $146.20/SF, derived from assessor records
Lot coverage: 761%, derived from assessor records
Vintage: pre-war vintage
Zoning: DMC-170, King County
County use code: Office Building
Construction (observed): masonry, AI estimate from public imagery
Parking (observed): street only, AI estimate from public imagery
Frontage (observed): mid block, AI estimate from public imagery

Nearby comparable buildings

Same building type, by distance. Assessor facts only; not an opinion of value.

51 University St, Seattle · 0 mi · 113,413 SF · built 1918 · assessed $225.83/SF
1008 Western Ave, Seattle · 0.1 mi · 167,860 SF · built 1905 · assessed $135.36/SF
1191 2nd Ave, Seattle · 0.1 mi · 635,303 SF · built 1991 · assessed $226.42/SF
1018 1st Ave, Seattle · 0.1 mi · 39,960 SF · built 1900 · assessed $204.02/SF
1101 2nd Ave, Seattle · 0.1 mi · 147,672 SF · built 1968 · assessed $376.11/SF
1201 2nd Ave, Seattle · 0.1 mi · 899,127 SF · built 2018 · assessed $258.38/SF

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Sale history and market context

MakeMe Estimate: $16,808,108 (estimated market value), with a likely range of $15,190,364 to $21,900,170 (half of recent verified sales in this segment landed inside that range). Based on 12 verified arm's-length comparable sales (through 2026-05-29). Not an appraisal. How this estimate works.

Last sold: 1997-02-25 for $8,763,000 (recorded arm's-length sale).

Current ownership dates to 1997 (about 29 years) per recorded transfers.

2022-02-16: $52,164 from Msi 1201 LLC to Virginia Street Joint Venture LLC (part of a 2-parcel sale; price is the whole deal), rec. 20220302000398

2021-12-21: $48,415 from Msi 1201 LLC to The Net Seattle LLC, rec. 20211223000966

2020-09-11: $1,769,413 from Msi 1201 LLC to Net Seattle LLC (part of a 2-parcel sale; price is the whole deal), rec. 20200911001871

3 administrative transfers (no consideration), 2003 to 2005

1997-02-25: $8,763,000 from Amerus Properties INC to Third & Spring LLC, rec. 199702280726

Source: King County recorded sales extract; buyer and seller shown only when a company or organization. Individual names are withheld.

Value over time

Solid line: county appraised value per King County tax rolls. Shaded range: our modeled estimate for each year, built from recorded arm's-length sales in the building's segment; years without enough sales stay unmodeled. Dots: recorded arm's-length sales. Not an appraisal. How this estimate works.

Land, site, and value history

Assessed value moved from $12,372,800 (2011) to $17,889,000 (2026), up 45% over 15 years, per county tax rolls. The 2026 roll splits $17,889,000 into $10,290,600 land and $7,598,400 improvements.

Zoning: DMC-170 (per King County)

Lot: 16,080 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Office Building 90,196 SF; Retail Store 16,080 SF; Basement, Unfinished 16,080 SF (county building sections)

County districts report (schools, fire, sewer, council; on kingcounty.gov)

Permit history

2025-09-30: Electrical, declared value $2,000 (Screened), permit 7109352-EL

2025-08-20: Remodel (Screened), permit 7085432-BK

2025-07-10: Remodel, declared value $50,000 (Screened), permit 7083623-CN

2025-06-03: Remodel (Screened), permit 7085210-BK

2025-04-11: Remodel (Screened), permit 7072105-BK

2024-12-23: Electrical, declared value $3,000 (Screened), permit 7062323-EL

2024-11-13: Electrical, declared value $2,000 (Screened), permit 7056179-EL

2023-09-05: Remodel, declared value $30,000 (Screened), permit 6972861-CN

2022-05-02: Remodel (Screened), permit 6895252-BK

2021-06-02: Remodel (Screened), permit 6840302-BK

Source: King County permit records (newest first).