720 Olive Way, Seattle, WA 98101

Office · 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 AI estimate from public imagery; may be outdated.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 957 reachable office buildings in Seattle. Larger than 93% of office buildings in Seattle (median 20,410 SF), derived from assessor records.

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Building size: 394,529 SF, King County Assessor
Lot size: 27,072 SF, King County Assessor
Year built: 1981, King County Assessor
Stories: 20, King County Assessor
Predominant use: Class A Multi-Tenant Office Bldg, King County Assessor
Assessed value: $90,193,000, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $228.61/SF, derived from assessor records
Lot coverage: 1457%, derived from assessor records
Vintage: 1980s vintage
Zoning: DOC2 500/300-550, King County
County use code: Office Building
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.

1700 7th Ave, Seattle · 0 mi · 747,747 SF · built 2000 · assessed $121.17/SF
1807 7th Ave, Seattle · 0.1 mi · 204,790 SF · built 1930 · assessed $131.77/SF
1600 7th Ave, Seattle · 0.1 mi · 803,041 SF · built 1976 · assessed $200.38/SF
800 Stewart St, Seattle · 0.1 mi · 43,506 SF · built 1978 · assessed $231.96/SF
1906 7th Ave, Seattle · 0.1 mi · 615,000 SF · built 2003
1800 9th Ave, Seattle · 0.1 mi · 480,840 SF · built 1990 · assessed $122.30/SF

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Sale history and market context

MakeMe Estimate: $78,810,558 (estimated market value), with a likely range of $71,225,209 to $102,686,427 (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: 2014-06-30 for $101,000,000 (recorded arm's-length sale).

Current ownership dates to 2017 (about 9 years) per recorded transfers.

2017-11-30: $185,958,745 from 720 Olive Way Venture LLC to PPF Off 720 Olive Way LLC, rec.

2014-06-30: $101,000,000 from Hines 720 Olive Way LP to 720 Olive Way Venture LLC, rec. 20140630001849

2014-06-30: transfer from Hines 720 Olive Way LP to Hines 720 Olive Way LP (non-market transfer), rec. 20140703001240

2006-01-31: $83,650,000 from Wxiii/SCV Real Estate LP to Hines 720 Olive Way LP, rec. 20060131000909

2001-01-31: transfer from Wxiii/Oli Real Estate Limited Partnership to Wxiii/SCV Real Estate Limited Partnership (non-market transfer), rec. 20010202000784

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 $58,200,000 (2011) to $90,193,000 (2026), up 55% over 15 years, per county tax rolls. The 2026 roll splits $90,193,000 into $41,961,600 land and $48,231,400 improvements.

Zoning: DOC2 500/300-550 (per King County)

Lot: 27,072 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Office Building 296,001 SF; Basement, Parking 89,778 SF; Retail Store 8,750 SF (county building sections)

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

Permit history

2023-03-30: Remodel, declared value $500,000 (Screened), permit 6924766-CN

2022-08-02: Remodel (Screened), permit 6914082-CN

2022-08-02: Remodel (Screened), permit 6914078-CN

2019-08-20: Remodel, declared value $530,000 (Screened), permit 6715633-CN

2018-08-06: Remodel (Complete), permit 6674697-BK

2018-06-05: Remodel, declared value $660,000 (Screened), permit 6624767-CN

2018-01-17: Remodel, declared value $3,500,000 (Screened), permit 6631578

2017-11-11: Remodel, declared value $110,000 (Screened), permit 6624900

2017-10-15: Remodel, declared value $6,000,000 (Screened), permit 6596026

2017-09-19: Remodel, declared value $250,000 (Screened), permit 6617891

Source: King County permit records (newest first).