1208 Eastlake Ave E, Seattle, WA 98102

Office · Seattle · Seattle-Bellevue metro, WA

Imagery suggests: mid-rise 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 AI estimate from public imagery; may be outdated.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 79% of office buildings in Seattle (median 20,410 SF), derived from assessor records.

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Building size: 128,408 SF, King County Assessor
Lot size: 32,797 SF, King County Assessor
Year built: 1999, King County Assessor
Stories: 4, King County Assessor
Predominant use: Bio-Tech Production Facility, King County Assessor
Assessed value: $80,795,400, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $629.21/SF, derived from assessor records
Lot coverage: 392%, derived from assessor records
Vintage: 1990s vintage
Zoning: IC-65 (M), King County
County use code: Medical/Dental Office
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.

1241 Eastlake Ave E, Seattle · 0 mi · 169,785 SF · built 1920 · assessed $461.84/SF
1150 Eastlake Ave E, Seattle · 0.1 mi · 444,757 SF · built 2021 · assessed $463.09/SF
1165 Eastlake Ave E, Seattle · 0.1 mi · 132,347 SF · built 2020 · assessed $745.13/SF
1500 Eastlake Ave E, Seattle · 0.1 mi · 4,987 SF · built 1967 · assessed $300.42/SF
1500 Fairview Ave E, Seattle · 0.1 mi · 25,194 SF · built 1993 · assessed $335.12/SF
214 E Galer St, Seattle · 0.1 mi · 33,176 SF · built 1987 · assessed $201.83/SF

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Sale history and market context

MakeMe Estimate: $77,680,883 (estimated market value), with a likely range of $70,204,264 to $101,214,515 (half of recent verified sales in this segment landed inside that range). Based on 55 verified arm's-length comparable sales (through 2026-05-29). Not an appraisal. How this estimate works.

Last sold: 2002-10-03 for $17,269,890 (recorded arm's-length sale).

Current ownership dates to 2020 (about 6 years) per recorded transfers.

2 administrative transfers (no consideration), 2004 to 2020

2002-10-03: $17,269,890 from Zymogenetics INC to Are-1208 Eastlake Avenue LLC, rec. 20021004001132

1994-02-09: $325,000 from Tomlinson INC to Zymogenetics INC, rec. 199402101284

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 $34,478,700 (2010) to $80,795,400 (2026), up 134% over 16 years, per county tax rolls. The 2026 roll splits $80,795,400 into $11,398,300 land and $69,397,100 improvements.

Zoning: IC-65 (M) (per King County)

Lot: 32,797 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Laboratories 72,290 SF; Office Building 33,070 SF; Basement, Parking 23,048 SF (county building sections)

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

Permit history

2025-07-14: Remodel, declared value $200,000, permit 7012037-CN

2020-01-24: Remodel, declared value $1,225,873 (Complete), permit 6741681-CN

2019-03-11: Remodel, declared value $5,000,000 (Screened), permit 6695927-CN

2011-07-08: Remodel, declared value $4,000,000 (Complete), permit 6279861

2003-06-12: Building, New, declared value $3,677,000 (Complete), permit 735741

2003-04-18: Building, New, declared value $2,477,000 (Complete), permit 734589`

2003-03-31: Building, New, declared value $900,000 (Complete), permit 734159

2003-03-26: Building, New, declared value $7,500,000 (Complete), permit 734079

1999-10-29: Remodel, declared value $148,000 (Complete), permit 709918

1999-04-23: Remodel, declared value $2,000,000 (Complete), permit 705714

Source: King County permit records (newest first).