1616 Eastlake Ave E, Seattle, WA 98102

Office · Seattle · Seattle-Bellevue metro, WA

Imagery suggests: structured parking garage entrance, 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 AI estimate from public imagery; may be outdated.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 89% of office buildings in Seattle (median 20,410 SF), derived from assessor records.

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Building size: 281,306 SF, King County Assessor
Lot size: 50,060 SF, King County Assessor
Year built: 2002, King County Assessor
Stories: 5, King County Assessor
Predominant use: Office/Lab Bldg, King County Assessor
Assessed value: $95,955,600, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $341.11/SF, derived from assessor records
Lot coverage: 562%, derived from assessor records
Vintage: 2000s vintage
Zoning: C1-75 (M), King County
County use code: Medical/Dental Office
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.

1600 Fairview Ave E, Seattle · 0.1 mi · 37,639 SF · built 1998 · assessed $182.96/SF
1820 Eastlake Ave E, Seattle · 0.1 mi · 34,110 SF · built 1960 · assessed $256.13/SF
1818 Fairview Ave E, Seattle · 0.1 mi · 327,356 SF · built 2019
1551 Eastlake Ave E, Seattle · 0.1 mi · 158,600 SF · built 1962 · assessed $367.48/SF
214 E Galer St, Seattle · 0.1 mi · 33,176 SF · built 1987 · assessed $201.83/SF
1500 Eastlake Ave E, Seattle · 0.1 mi · 4,987 SF · built 1967 · assessed $300.42/SF

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Sale history and market context

MakeMe Estimate: $94,519,395 (estimated market value), with a likely range of $85,422,105 to $123,154,299 (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: 2003-03-21 for $34,700,000 (recorded arm's-length sale).

Current ownership dates to 2003 (about 23 years) per recorded transfers.

2003-09-10: transfer from Nshe Waverly LLC to Are Eastlake Avenue No 3 LLC (non-market transfer), rec. 20030912001576

2003-03-21: $34,700,000 from Washington Real Estate Holdings LLC to Nshe Waverly LLC, rec. 20030321001850

2002-10-01: transfer from Lowe Northwest Investor Properties I LLC to Washington Real Estate Holdings LLC (non-market transfer), rec. 20021001002434

2001-07-31: $4,476,708 from Bank of America N A to Lowe Northwest Investor Properties I LLC, rec. 20010731001900

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 $13,616,500 (2011) to $95,955,600 (2026), up 605% over 15 years, per county tax rolls. The 2026 roll splits $95,955,600 into $10,003,900 land and $85,951,700 improvements.

Zoning: C1-75 (M) (per King County)

Lot: 50,060 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Parking Structure 113,318 SF; Office Building 83,658 SF; Laboratories 77,680 SF; Retail Store 6,650 SF (county building sections)

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

Permit history

2026-02-23: Remodel, declared value $670,250, permit 7105487-CN

2024-05-16: Remodel, declared value $607,000 (Complete), permit 7003541-CN

2024-04-29: Remodel, declared value $1,500,000 (Complete), permit 7000128-CN

2023-09-01: Remodel, declared value $395,514 (Complete), permit 6951011-CN

2022-04-27: Remodel, declared value $200,000 (Complete), permit 6893820-CN

2020-11-17: Remodel, declared value $1,925,000 (Complete), permit 6791737-CN

2019-06-18: Remodel, declared value $1,267,032 (Complete), permit 6636678-CN

2018-11-13: Remodel, declared value $40,000 (Screened), permit 6698871-CN

2017-10-15: Remodel, declared value $100,000 (Complete), permit 6599404

2017-03-13: Remodel, declared value $150,000 (Complete), permit 6585837

Source: King County permit records (newest first).