201 Westlake Ave N, Seattle, WA 98109

Commercial · Seattle · Seattle-Bellevue metro, WA

Imagery suggests: modern 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 AI estimate from public imagery; may be outdated.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 1,256 reachable commercial buildings in Seattle. Larger than 85% of commercial buildings in Seattle (median 13,352 SF), derived from assessor records.

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Building size: 89,199 SF, King County Assessor
Lot size: 12,720 SF, King County Assessor
Year built: 2018, King County Assessor
Stories: 7, King County Assessor
Predominant use: Citizen M, King County Assessor
Assessed value: $54,970,500, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $616.27/SF, derived from assessor records
Lot coverage: 701%, derived from assessor records
Vintage: 2010s vintage
Zoning: SM-SLU 175/85-280, King County
County use code: Hotel/Motel
Construction (observed): steel glass, AI estimate from public imagery
Parking (observed): street only, AI estimate from public imagery

Nearby comparable buildings

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

300 Terry Ave N, Seattle · 0.1 mi · 96,985 SF · built 2018 · assessed $889.72/SF
1000 Lenora St, Seattle · 0.2 mi · 126,593 SF · built 1928 · assessed $531.04/SF
211 Dexter Ave N, Seattle · 0.2 mi · 150,453 SF · built 2000 · assessed $221.06/SF
226 7th Ave N, Seattle · 0.2 mi · 116,300 SF · built 1997 · assessed $291.67/SF
2025 Terry Ave, Seattle · 0.2 mi · 157,623 SF · built 2014 · assessed $455.52/SF
2015 Boren Ave, Seattle · 0.3 mi · 7,940 SF · built 1916 · assessed $2,303/SF

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Sale history and market context

MakeMe Estimate: $49,918,761 (estimated market value), with a likely range of $42,301,055 to $60,396,945 (half of recent verified sales in this segment landed inside that range). Based on 34 verified arm's-length comparable sales (through 2026-05-29). Not an appraisal. How this estimate works.

Last sold: 2015-12-07 for $10,600,000 (recorded arm's-length sale).

Current ownership dates to 2015 (about 11 years) per recorded transfers.

2015-12-07: $10,600,000 from 201 Westlake LLC to Citizenm Seattle South Lake Union Properties LLC, rec. 20151208000666

2014-03-18: transfer from 201 Westlake LLC to Seattle City of (non-market transfer), rec. 20140421000017

2013-01-25: $5,550,000 from J2k2b LLC to 201 Westlake LLC, rec. 20130125001563

2005-10-13: $3,150,000 from In Site Properties LLC to J2k2b LLC, rec. 20051014002254

2002-05-30: $1,462,500 from 201 Westlake Partners LLC to In Site Properties LLC, rec. 20020531000992

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 $2,657,800 (2011) to $54,970,500 (2026), up 1968% over 15 years, per county tax rolls. The 2026 roll splits $54,970,500 into $12,084,000 land and $42,886,500 improvements.

Zoning: SM-SLU 175/85-280 (per King County)

Lot: 12,720 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Hotel, Full Service Upscale 77,860 SF; Basement, Office 11,339 SF (county building sections)

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

Permit history

2025-11-11: Electrical, declared value $2,000, permit 7116250-EL

2025-01-16: Electrical, declared value $1,500 (Screened), permit 7065561-EL

2024-01-24: Electrical, declared value $5,000 (Screened), permit 7006159-EL

2023-07-24: Electrical, declared value $500 (Screened), permit 6976936-EL

2018-04-04: Building, New, declared value $5,122,412 (Complete), permit 6556057

2018-03-14: Building, New, declared value $750,000 (Complete), permit 6596739

2018-03-14: Demolition (Complete), permit 6562052

2018-02-15: Demolition (Complete), permit 6645718

2014-01-27: Demolition (Defunct), permit 6399091

Source: King County permit records (newest first).