500 Pine St, Seattle, WA 98101

NNN Retail · Seattle · Seattle-Bellevue metro, WA

Imagery suggests: mid-rise mixed-use with ground floor retail, 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 AI estimate from public imagery; may be outdated.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 1,026 reachable nnn retail buildings in Seattle. Larger than 100% of nnn retail buildings in Seattle (median 5,208 SF), derived from assessor records.

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Building size: 693,450 SF, King County Assessor
Lot size: 64,768 SF, King County Assessor
Year built: 1918, King County Assessor
Stories: 10, King County Assessor
Predominant use: Department Store, King County Assessor
Assessed value: $76,953,500, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $110.97/SF, derived from assessor records
Lot coverage: 1071%, derived from assessor records
Vintage: pre-war vintage
Zoning: DRC 85-170, King County
County use code: Historic Prop(Retail)
Construction (observed): masonry, AI estimate from public imagery
Parking (observed): street only, AI estimate from public imagery
Frontage (observed): mid block, AI estimate from public imagery

Nearby comparable buildings

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

601 Pine St, Seattle · 0.1 mi · 78,920 SF · built 1929 · assessed $420.62/SF
1512 5th Ave, Seattle · 0.1 mi · 82,808 SF · built 1904 · assessed $203.43/SF
114 Pike St, Seattle · 0.3 mi · 18,160 SF · built 1924 · assessed $479.07/SF
2027 Westlake Ave, Seattle · 0.3 mi · 9,450 SF · built 1924 · assessed $378.63/SF
102 Pike St, Seattle · 0.3 mi · 12,654 SF · built 1922 · assessed $351.87/SF
1534 Pike Pl, Seattle · 0.3 mi · 9,840 SF · built 1910 · assessed $375.86/SF

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Sale history and market context

MakeMe Estimate: $70,979,807 (estimated market value), with a likely range of $52,020,585 to $83,012,207 (half of recent verified sales in this segment landed inside that range). Based on 28 verified arm's-length comparable sales (through 2026-05-29). Not an appraisal. How this estimate works.

Last sold: 1996-04-04 for $26,720,000 (recorded arm's-length sale).

Current ownership dates to 1998 (about 28 years) per recorded transfers.

3 administrative transfers (no consideration), 2020 to 2023

1998-11-17: $2,500,000 from Private party to Private party (non-market transfer), rec. 199811171709

1996-05-01: $2,500,000 from Private party to Pine Street Development LLC (non-market transfer), rec. 199605011056

1996-04-04: $26,720,000 from De Corporation to Nordstrom INC/Attn: Tax Department, rec. 199605011057

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 $61,231,800 (2011) to $76,953,500 (2026), up 26% over 15 years, per county tax rolls. The 2026 roll splits $76,953,500 into $64,768,000 land and $12,185,500 improvements.

Zoning: DRC 85-170 (per King County)

Lot: 64,768 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Office Building 279,625 SF; Department Store 246,386 SF; Basement, Storage 60,598 SF; Mixed Use Retail 57,121 SF; Storage Warehouse 49,720 SF (county building sections)

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

Permit history

2026-04-09: Remodel, declared value $145,000, permit 7136821-CN

2024-08-15: Remodel, declared value $100,000 (Screened), permit 7027489-CN

2022-08-29: Remodel (Complete), permit 6916379-CN

2021-05-19: Remodel, declared value $350,000 (Complete), permit 6838001-CN

2019-01-08: Remodel, declared value $200,000 (Complete), permit 6706652-CN

2016-08-06: Remodel, declared value $2,500,000 (Complete), permit 6485229

2015-11-05: Remodel, declared value $100,000 (Complete), permit 6489551

2015-09-28: Remodel, declared value $100,000 (Complete), permit 6492256

2015-08-21: Remodel, declared value $180,000 (Complete), permit 6472530

2015-08-04: Remodel, declared value $200,000 (Complete), permit 6487926

Source: King County permit records (newest first).