222 5th Ave N, Seattle, WA 98109

Office · Seattle · Seattle-Bellevue metro, WA

Imagery suggests: loading dock facility. 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 AI estimate from public imagery; may be outdated.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 86% of office buildings in Seattle (median 20,410 SF), derived from assessor records.

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Building size: 228,118 SF, King County Assessor
Lot size: 18,830 SF, King County Assessor
Year built: 2023, King County Assessor
Stories: 10, King County Assessor
Predominant use: 222 Fifth, King County Assessor
Assessed value: $166,844,000, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $731.39/SF, derived from assessor records
Lot coverage: 1211%, derived from assessor records
Vintage: 2020s vintage
Zoning: SM-UP 160 (M), King County
County use code: Office Building
Construction (observed): masonry, AI estimate from public imagery

Nearby comparable buildings

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

140 4th Ave N, Seattle · 0.1 mi · 378,443 SF · built 2001 · assessed $368.63/SF
100 4th Ave N, Seattle · 0.1 mi · 213,834 SF · built 2001 · assessed $418.96/SF
401 5th Ave N, Seattle · 0.1 mi · 1,803 SF · built 1965
120 6th Ave N, Seattle · 0.1 mi · 51,552 SF · built 2013 · assessed $265.99/SF
333 Dexter Ave N, Seattle · 0.2 mi · 957,631 SF · built 2018 · assessed $236.63/SF
2901 3rd Ave, Seattle · 0.3 mi · 396,626 SF · built 1982 · assessed $129.36/SF

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Sale history and market context

MakeMe Estimate: $152,981,999 (estimated market value), with a likely range of $138,257,808 to $199,328,305 (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.

Last sold: 2019-03-28 for $13,631,826 (recorded arm's-length sale).

Current ownership dates to 2026 per recorded transfers.

2026-01-30: $49,032,890 from 222 Fifth Avenue Development Wa LLC to 32fifth LLC (part of a 2-parcel sale; price is the whole deal), rec. 20260202000529

2022-07-09: transfer from 222 Fifth Avenue Development Wa LLC to Seattle City of (part of a 2-parcel sale; price is the whole deal), rec. 20220714000987

2021-11-30: $42,000,000 from Da Li Properties LLC to 222 Fifth Avenue Development Wa LLC (part of a 2-parcel sale; price is the whole deal), rec. 20211130002438

2019-03-28: $13,631,826 from Kami Limited Partnership to Da Li Properties LLC, rec. 20190401000932

1996-12-23: transfer from Private party to Kami Limited Partnership (non-market transfer), rec. 199612312663

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 $3,518,800 (2011) to $166,844,000 (2026), up 4642% over 15 years, per county tax rolls. The 2026 roll splits $166,844,000 into $15,064,000 land and $151,780,000 improvements.

Zoning: SM-UP 160 (M) (per King County)

Lot: 18,830 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Laboratories 162,452 SF; Underground Parking Structure 49,834 SF; Open Office 9,371 SF; Retail Store 6,461 SF (county building sections)

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

Permit history

2024-01-16: Electrical, declared value $709,135 (Complete), permit 7004940-EL

2024-01-16: Electrical, declared value $610,000 (Complete), permit 7004932-EL

2023-09-26: Remodel, declared value $9,600,000 (Complete), permit 6948244-CN

2022-12-12: Building, New, declared value $44,168,697 (Complete), permit 6783201-CN

2022-07-06: Remodel, declared value $1,900,000 (Complete), permit 6740207-CN

2022-05-20: Demolition, declared value $50,000,000 (Complete), permit 6740208-DM

2015-09-10: Remodel, declared value $150,000 (Complete), permit 6449446

Source: King County permit records (newest first).