502 2nd Ave, Seattle, WA 98104
Office · Seattle · Seattle-Bellevue metro, WA
One of 957 reachable office buildings in Seattle. Larger than 90% of office buildings in Seattle (median 20,410 SF), derived from assessor records.
Own this building?
Claim privately
Claiming is for you. Your mailing address is never shown; no offer reaches you unless you opt in.
Claimed owners can confirm facts, watch the estimate, and decide whether to reply.
Claim or manage this building
- Building size
- 304,346 SF, King County Assessor
- Lot size
- 12,121 SF, King County Assessor
- Year built
- 1912, King County Assessor
- Stories
- 37, King County Assessor
- Predominant use
- Smith Tower, King County Assessor
- Assessed value
- $41,377,300, per the King County Assessor (not a market appraisal)
- Assessed value per building SF
- $135.95/SF, derived from assessor records
- Lot coverage
- 2511%, derived from assessor records
- Vintage
- pre-war vintage
- Zoning
- PSM-245, King County
- County use code
- Historic Prop(Office)
Nearby comparable buildings
Same building type, by distance. Assessor facts only; not an opinion of value.
- 520 2nd Ave, Seattle · 0 mi · 54,443 SF · built 1900 · assessed $164.88/SF
- 427 2nd Ave Ext S, Seattle · 0 mi · 34,934 SF · built 1900 · assessed $179.31/SF
- 102 Occidental Ave S, Seattle · 0.1 mi · 75,496 SF · built 1900 · assessed $136.96/SF
- 219 S Washington St, Seattle · 0.1 mi · 4,350 SF · built 1900 · assessed $241.79/SF
- 616 1st Ave, Seattle · 0.1 mi · 28,480 SF · built 1900 · assessed $192.42/SF
- 600 1st Ave, Seattle · 0.1 mi · 89,355 SF · built 1900 · assessed $131.79/SF
Want to talk to the owner? makeme1031 delivers a private, principal-to-principal letter to the owner of record. We never publish the owner's identity or address.
Sale history and market context
MakeMe Estimate: $36,275,890 (estimated market value), with a likely range of $32,784,413 to $47,265,768 (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: 2006-04-05 for $42,827,120 (recorded arm's-length sale).
Current ownership dates to 2019 (about 7 years) per recorded transfers.
- 2024-08-08: transfer from Western Office Portfolio Property Owner LLC to Smith Tower Investors LLC (part of a 3-parcel sale; price is the whole deal), rec. 20240812000552
- 2019-01-16: $137,870,000 from Upi Smith Tower LLC to Private party (part of a 2-parcel sale; price is the whole deal), rec.
- 2015-01-14: $73,730,000 from Cpusi CO-Investment Cayman LLC to Upi Smith Tower LLC (part of a 2-parcel sale; price is the whole deal), rec. 20150114000381
- 2012-03-29: $36,795,000 from Puget Sound Services INC to Cpusi CO-Investment Cayman LLC (part of a 2-parcel sale; price is the whole deal), rec. 20120330000567
- 2006-04-05: $42,827,120 from Samis Foundation to Walton Smith Investors V LLC, rec. 20060406001832
Source: King County recorded sales extract; buyer and seller shown only when a company or organization. Individual names are withheld.
Land, site, and value history
Assessed value moved from $22,480,000 (2011) to $41,377,300 (2026), up 84% over 15 years, per county tax rolls. The 2026 roll splits $41,377,300 into $8,787,700 land and $32,589,600 improvements.
- Zoning: PSM-245 (per King County)
- Lot: 12,121 sq ft
- Water: Water District (per King County)
- Sewer: Public (per King County)
- Access: Public
- Street surface: Paved
- Floor and use mix: Office Building 283,144 SF; Line Retail 16,889 SF; Storage Warehouse 2,597 SF; Apartment 1,716 SF (county building sections)
- County districts report (schools, fire, sewer, council; on kingcounty.gov)