612 2nd Ave, Seattle, WA 98104

Commercial · Seattle · Seattle-Bellevue metro, WA

Imagery suggests: downtown commercial building, 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 AI estimate from public imagery; may be outdated.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: 163,984 SF, King County Assessor
Lot size: 12,960 SF, King County Assessor
Year built: 1904, King County Assessor
Stories: 15, King County Assessor
Predominant use: Courtyard Marriott Pioneer Square, King County Assessor
Assessed value: $54,769,100, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $333.99/SF, derived from assessor records
Lot coverage: 1265%, derived from assessor records
Vintage: pre-war vintage
Zoning: PSM 100/100-130, King County
County use code: Hotel/Motel
Construction (observed): steel glass, AI estimate from public imagery
Parking (observed): none visible, AI estimate from public imagery

Nearby comparable buildings

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

601 3rd Ave, Seattle · 0 mi · 63,712 SF · built 1910 · assessed $283.02/SF
700 3rd Ave, Seattle · 0.1 mi · 104,352 SF · built 1916 · assessed $293.07/SF
517 3rd Ave, Seattle · 0.1 mi · 159,840 SF · built 1908 · assessed $132.80/SF
516 3rd Ave, Seattle · 0.1 mi · 540,360 SF · built 1916
500 4th Ave, Seattle · 0.1 mi · 224,857 SF · built 1971
77 Yesler Way, Seattle · 0.2 mi · 45,500 SF · built 1914 · assessed $249.66/SF

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Sale history and market context

MakeMe Estimate: $47,842,911 (estimated market value), with a likely range of $40,541,983 to $57,885,364 (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: 2007-12-06 for $38,700,000 (recorded arm's-length sale).

Current ownership dates to 2008 (about 18 years) per recorded transfers.

2008-08-22: $6,914,118 from 618 Second Avenue Limited PS to Private party (non-market transfer), rec. 20080822001204

2007-12-06: $38,700,000 from Alaska Building LLC to 618 Second Avenue Limited PS, rec. 20071206001390

2005-08-09: $8,500,000 from Seattle City of to Alaska Building LLC (non-market transfer), rec. 20050810001844

1988-09-01: transfer from Aetna Life Insurance CO to City of Seattle (non-market transfer), rec. 198809020392

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 $23,972,100 (2011) to $54,769,100 (2026), up 128% over 15 years, per county tax rolls. The 2026 roll splits $54,769,100 into $5,832,000 land and $48,937,100 improvements.

Zoning: PSM 100/100-130 (per King County)

Lot: 12,960 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 160,317 SF; Restaurant, Table Service 3,667 SF (county building sections)

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

Permit history

2026-04-15: Electrical, permit 7138402-EL

2025-06-02: Remodel, declared value $450,000, permit 7068888-CN

2025-01-14: Electrical, declared value $500 (Screened), permit 7065113-EL

2024-04-29: Electrical, declared value $600 (Screened), permit 7022295-EL

2017-11-08: Remodel, declared value $530,000 (Complete), permit 6607242

2014-01-03: Remodel, declared value $600,000 (Complete), permit 6382360

2007-12-05: Remodel, declared value $25,762,611 (Complete), permit 6098707

2007-11-30: Remodel (Complete), permit 3005085

1998-07-14: Remodel (Complete), permit 700311

Source: King County permit records (newest first).