126 NW Canal St, Seattle, WA 98107

Office · Seattle · Seattle-Bellevue metro, WA

Imagery suggests: mid-rise office, 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 AI estimate from public imagery; may be outdated.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 48% of office buildings in Seattle (median 20,410 SF), derived from assessor records.

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Building size: 18,400 SF, King County Assessor
Lot size: 6,736 SF, King County Assessor
Year built: 2000, King County Assessor
Stories: 3, King County Assessor
Predominant use: Office, King County Assessor
Assessed value: $5,076,700, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $275.91/SF, derived from assessor records
Lot coverage: 273%, derived from assessor records
Vintage: 2000s vintage
Zoning: IC-65 (M), King County
County use code: Office Building
Construction (observed): masonry, AI estimate from public imagery
Parking (observed): structured, AI estimate from public imagery

Nearby comparable buildings

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

114 NW Canal St, Seattle · 0 mi · 5,242 SF · built 2017 · assessed $378.84/SF
108 NW Canal St, Seattle · 0 mi · 3,326 SF · built 1902 · assessed $400/SF
123 NW 36th St, Seattle · 0 mi · 38,444 SF · built 1986 · assessed $279.37/SF
118 NW Canal St, Seattle · 0 mi · 2,962 SF · built 2012 · assessed $454.32/SF
123 N 35th St, Seattle · 0.1 mi · 1,601 SF · built 1901 · assessed $366.58/SF
115 N 36th St, Seattle · 0.1 mi · 3,791 SF · built 2009 · assessed $398.73/SF

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Sale history and market context

MakeMe Estimate: $5,437,180 (estimated market value), with a likely range of $5,294,747 to $7,184,014 (half of recent verified sales in this segment landed inside that range). Based on 185 verified arm's-length comparable sales (through 2026-05-29). Not an appraisal. How this estimate works.

Last sold: 2010-01-20 for $3,275,000 (recorded arm's-length sale).

Current ownership dates to 2010 (about 16 years) per recorded transfers.

2010-01-20: $3,275,000 from Lui2 Seattle Fremont LLC to 126 Canal Centre LLC, rec. 20100120001016

2008-02-19: $3,367,500 from Rack 1 LLC to Lui2 Seattle Fremont LLC, rec. 20080220001579

2000-09-18: transfer from Archer FS INC to Seattle City of (non-market transfer), rec. 20001016001266

2000-04-25: $230,000 from Computer Slides Company to Archer F S INC, rec. 20000427001777

2000-04-25: transfer from Archer FS INC to Rack 1 LLC (non-market transfer), rec. 20001016001265

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 $2,871,000 (2011) to $5,076,700 (2026), up 77% over 15 years, per county tax rolls. The 2026 roll splits $5,076,700 into $1,212,400 land and $3,864,300 improvements.

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

Lot: 6,736 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Office Building 15,400 SF; Parking Structure 3,000 SF (county building sections)

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

Permit history

2026-04-02: Electrical (Screened), permit 7136570-EL

2025-06-18: Electrical, declared value $2,250 (Screened), permit 7092032-EL

2025-04-02: Electrical, declared value $400 (Screened), permit 7078763-EL

2025-03-17: Remodel, declared value $200,000 (Complete), permit 7013031-CN

2024-01-22: Electrical, declared value $8,900 (Screened), permit 7005749-EL

2023-11-17: Electrical, declared value $14,000 (Screened), permit 6996861-EL

2012-08-30: Remodel, declared value $242,000 (Complete), permit 6326340

2000-03-27: Building, New, declared value $1,330,165 (Complete), permit 712525

1999-12-01: Other, declared value $1,236,045 (Complete), permit 710510

Source: King County permit records (newest first).