2025 Terry Ave, Seattle, WA 98121

Commercial · 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 AI estimate from public imagery; may be outdated.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 1,256 reachable commercial buildings in Seattle. Larger than 92% of commercial buildings in Seattle (median 13,352 SF), derived from assessor records.

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Building size: 157,623 SF, King County Assessor
Lot size: 10,620 SF, King County Assessor
Year built: 2014, King County Assessor
Stories: 20, King County Assessor
Predominant use: Student Housing, King County Assessor
Units: 238, King County Assessor
Assessed value: $71,800,000, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $455.52/SF, derived from assessor records
Lot coverage: 1484%, derived from assessor records
Vintage: 2010s vintage
Zoning: DMC 240/290-440, King County
County use code: Residence Hall/Dorm
Construction (observed): masonry, 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.

1000 Lenora St, Seattle · 0 mi · 126,593 SF · built 1928 · assessed $531.04/SF
914 Virginia St, Seattle · 0.1 mi · 22,860 SF · built 1995 · assessed $587.17/SF
2015 Boren Ave, Seattle · 0.1 mi · 7,940 SF · built 1916 · assessed $2,303/SF
810 Virginia St, Seattle · 0.1 mi · 97,288 SF · built 1999
808 Howell St, Seattle · 0.2 mi · 1,400,666 SF · built 2018 · assessed $280.77/SF
201 Westlake Ave N, Seattle · 0.2 mi · 89,199 SF · built 2018 · assessed $616.27/SF

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Sale history and market context

MakeMe Estimate: $69,010,943 (estimated market value), with a likely range of $58,479,730 to $84,376,749 (half of recent verified sales in this segment landed inside that range). Based on 139 verified arm's-length comparable sales (through 2026-05-29). Not an appraisal. How this estimate works.

Current ownership dates to 2013 (about 13 years) per recorded transfers.

7 administrative transfers (no consideration), 2001 to 2025

2000-06-28: $14,975,427 from Lowe Northwest Investor Properties I LLC to 350 LLC (part of a 2-parcel sale; price is the whole deal), rec. 20000629000768

1998-10-14: $7,387,804 from 1000 Investment Associates to Private party (part of a 2-parcel sale; price is the whole deal), rec. 199810152465

1998-10-14: $3,103,196 from Karl Family Limited PS to Lowe Northwest Investor Properties (part of a 2-parcel sale; price is the whole deal), rec. 199810152466

1998-10-06: transfer from 1000 Investments Associates to Private party (part of a 2-parcel sale; price is the whole deal), rec. 199810091072

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 $2,880,000 (2011) to $71,800,000 (2026), up 2393% over 15 years, per county tax rolls. The 2026 roll splits $71,800,000 into $12,744,000 land and $59,056,000 improvements.

Zoning: DMC 240/290-440 (per King County)

Lot: 10,620 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Dormitory 139,939 SF; Office Building 6,382 SF; Maintenance Storage Building 6,182 SF; Underground Parking Structure 5,120 SF (county building sections)

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

Permit history

2026-02-05: Electrical, permit 7128074-EL

2026-01-05: Electrical, permit 7123397-EL

2025-04-15: Electrical, declared value $700 (Screened), permit 7080854-EL

2024-10-02: Electrical, declared value $700 (Screened), permit 7049131-EL

2024-02-20: Electrical, declared value $500 (Screened), permit 7010439-EL

2024-01-29: Electrical, declared value $500 (Screened), permit 7006798-EL

2023-12-28: Electrical, declared value $1,000 (Screened), permit 7002421-EL

2016-10-25: Remodel, declared value $56,874 (Complete), permit 6535342

2014-03-04: Building, New, declared value $25,123,512 (Complete), permit 6314548

2014-03-04: Building, New, declared value $1,000,000 (Complete), permit 6395326

Source: King County permit records (newest first).