1501 5th Ave, Seattle, WA 98101

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 AI estimate from public imagery; may be outdated.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 76% of office buildings in Seattle (median 20,410 SF), derived from assessor records.

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Building size: 97,720 SF, King County Assessor
Lot size: 13,200 SF, King County Assessor
Year built: 1926, King County Assessor
Stories: 6, King County Assessor
Predominant use: Office/Retail Building, King County Assessor
Assessed value: $11,998,600, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $122.79/SF, derived from assessor records
Lot coverage: 740%, derived from assessor records
Vintage: pre-war vintage
Zoning: DRC 85-170, 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.

1513 5th Ave, Seattle · 0 mi · 88,717 SF · built 1973 · assessed $294.28/SF
419 Pine St, Seattle · 0 mi · 76,485 SF · built 1973 · assessed $237.20/SF
425 Pike St, Seattle · 0 mi · 109,830 SF · built 1984 · assessed $284.81/SF
1424 4th Ave, Seattle · 0 mi · 132,326 SF · built 1926 · assessed $259.30/SF
1530 5th Ave, Seattle · 0.1 mi · 67,800 SF · built 1914 · assessed $291.73/SF
520 Pike St, Seattle · 0.1 mi · 505,528 SF · built 1983 · assessed $213.91/SF

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Sale history and market context

MakeMe Estimate: $11,879,504 (estimated market value), with a likely range of $10,736,127 to $15,478,431 (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.

Current ownership dates to 2019 (about 7 years) per recorded transfers.

2025-01-06: transfer from Private party to Ranke Building Owners LLC (part of a 2-parcel sale; price is the whole deal), rec. 20250106000249

2019-01-16: $32,490,000 from Upi 1505 Fifth LLC to Western Office Portfolio Property Owner LLC (part of a 2-parcel sale; price is the whole deal), rec. 20190125001188

2 administrative transfers (no consideration), 2014 to 2014

2013-10-30: $500,000 from Quarter Circle Z Corporation to Ranke Real Estate LLC (part of a 2-parcel sale; price is the whole deal), rec. 20131101000643

2013-10-18: $6,400,000 from Pine Street Development LLC to Upi 1505 Fifth LLC (part of a 2-parcel sale; price is the whole deal), rec. 20131018001291

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 $7,206,450 (2011) to $11,998,600 (2026), up 66% over 15 years, per county tax rolls. The 2026 roll splits $11,998,600 into $6,600,000 land and $5,398,600 improvements.

Zoning: DRC 85-170 (per King County)

Lot: 13,200 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Office Building 71,320 SF; Retail Store 26,400 SF (county building sections)

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

Permit history

2025-06-23: Remodel, declared value $508,635 (Screened), permit 7060077-CN

2024-10-09: Remodel, declared value $20,000 (Screened), permit 7042373-CN

2021-11-02: Remodel, declared value $30,000 (Screened), permit 6852220-CN

2014-10-14: Remodel, declared value $625,000 (Complete), permit 6383418

1999-09-24: Remodel, declared value $275,000 (Complete), permit 709176

1999-08-23: Other, declared value $800,000 (Complete), permit 708406

1999-08-16: Remodel, declared value $50,000 (Complete), permit 708236

1999-08-06: Remodel, declared value $1,000,000 (Complete), permit 708021

1999-01-20: Remodel, declared value $2,400,000 (Complete), permit 703961

Source: King County permit records (newest first).