4501 12th Ave NE, Seattle, WA 98105

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 AI estimate from public imagery; may be outdated.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 93% of commercial buildings in Seattle (median 13,352 SF), derived from assessor records.

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Building size: 180,257 SF, King County Assessor
Lot size: 23,495 SF, King County Assessor
Year built: 2015, King County Assessor
Stories: 6, King County Assessor
Predominant use: Residence Inn By Marriott, King County Assessor
Assessed value: $35,817,500, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $198.70/SF, derived from assessor records
Lot coverage: 767%, derived from assessor records
Vintage: 2010s vintage
Zoning: SM-U 95-320 (M1), King County
County use code: Hotel/Motel
Construction (observed): steel glass, 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.

4507 Brooklyn Ave NE, Seattle · 0.1 mi · 106,860 SF · built 1931 · assessed $411.53/SF
4311 12th Ave NE, Seattle · 0.1 mi · 20,571 SF · built 1930
1100 NE 47th St, Seattle · 0.1 mi · 33,480 SF · built 2000 · assessed $290.02/SF
4707 12th Ave NE, Seattle · 0.1 mi · 56,345 SF · built 2005 · assessed $258.59/SF
4338 University Way NE, Seattle · 0.1 mi · 9,760 SF · built 1909 · assessed $224.18/SF
4715A Brooklyn Ave NE, Seattle · 0.1 mi · 67,522 SF · built 2014 · assessed $462.76/SF

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Sale history and market context

MakeMe Estimate: $34,770,612 (estimated market value), with a likely range of $29,464,544 to $42,069,128 (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: 2006-08-18 for $4,260,000 (recorded arm's-length sale).

Current ownership dates to 2022 (about 4 years) per recorded transfers.

6 administrative transfers (no consideration), 2009 to 2022

2006-08-18: $4,260,000 from Evergroup 45th Development LTD to Pong's Corporation INC, rec. 20060818002123

1996-06-19: $1,250,000 from Wells Fargo Bank NA to Evergroup 45th Development LTD, rec. 199606210820

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 $3,914,300 (2011) to $35,817,500 (2026), up 815% over 15 years, per county tax rolls. The 2026 roll splits $35,817,500 into $14,684,300 land and $21,133,200 improvements.

Zoning: SM-U 95-320 (M1) (per King County)

Lot: 23,495 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 121,626 SF; Parking Structure 54,695 SF; Restaurant, Table Service 3,936 SF (county building sections)

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

Permit history

2025-09-25: Remodel, declared value $150,000, permit 7088339-CN

2025-02-21: Remodel, declared value $15,000 (Screened), permit 7053283-CN

2020-04-24: Remodel, declared value $275,000 (Complete), permit 6768639-CN

2015-08-20: Remodel, declared value $825,514 (Complete), permit 6460033

2015-08-04: Remodel, declared value $470,351 (Complete), permit 6460021

2014-01-27: Building, New, declared value $25,398,944 (Complete), permit 6175609

2013-07-31: Demolition (Complete), permit 6376432

2012-10-05: Building, New, declared value $870,000 (Complete), permit 6319189

2008-07-23: Building, New (Complete), permit 3006774

Source: King County permit records (newest first).