1612 N 45th St, Seattle, WA 98103

NNN Retail · Seattle · Seattle-Bellevue metro, WA

One of 1,026 reachable nnn retail buildings in Seattle. Larger than 28% of nnn retail buildings in Seattle (median 5,208 SF), derived from assessor records.

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Building size: 3,220 SF, King County Assessor
Lot size: 3,325 SF, King County Assessor
Year built: 1910, King County Assessor
Stories: 1, King County Assessor
Predominant use: Restaurant, King County Assessor
Assessed value: $1,279,200, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $397.27/SF, derived from assessor records
Lot coverage: 97%, derived from assessor records
Vintage: pre-war vintage
Zoning: NC2P-55 (M), King County
County use code: Restaurant/Lounge
Construction (observed): masonry, AI estimate from public imagery
Parking (observed): surface lot, 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.

1420 N 45th St, Seattle · 0 mi · 1,861 SF · built 1968 · assessed $3,163/SF
1411 N 45th St, Seattle · 0.1 mi · 3,200 SF · built 1934 · assessed $500/SF
1715 N 45th St, Seattle · 0.1 mi · 5,016 SF · built 1929 · assessed $330.44/SF
1910 N 45th St, Seattle · 0.2 mi · 4,650 SF · built 1923 · assessed $371.74/SF
1920 N 45th St, Seattle · 0.2 mi · 4,650 SF · built 1927 · assessed $353.12/SF
1916 N 45th St, Seattle · 0.2 mi · 5,330 SF · built 1916 · assessed $361.07/SF

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Sale history and market context

MakeMe Estimate: $1,472,661 (estimated market value), with a likely range of $1,230,263 to $1,668,512 (half of recent verified sales in this segment landed inside that range). Based on 152 verified arm's-length comparable sales (through 2026-05-29). Not an appraisal. How this estimate works.

Last sold: 2010-04-08 for $950,000 (recorded arm's-length sale).

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

2010-04-08: $950,000 from Private party to Private party, rec. 20100409001253

2007-02-08: transfer from Private party to Private party (non-market transfer), rec. 20070209002006

2007-02-07: $1,150,000 from JLW LLC to Private party, rec. 20070209002005

2003-06-27: $450,000 from Private party to JLW LLC, rec. 20030701001814

1993-05-11: $100,000 from Private party to Private party, rec. 199305141995

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 $915,200 (2011) to $1,279,200 (2026), up 40% over 15 years, per county tax rolls. The 2026 roll splits $1,279,200 into $1,097,200 land and $182,000 improvements.

Zoning: NC2P-55 (M) (per King County)

Lot: 3,325 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Restaurant, Table Service 3,220 SF (county building sections)

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