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1st & King Building
500 1st Avenue South, Seattle, WA 98104
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- Property Type Office - General Office
- Property Size 80,224 SF
- Lot Size 0.27 Acre
- Parking Spaces Avail. 19
- Parking Ratio 0.24/ 1,000 SF
- Property Tenancy Single Tenant
- Building Class B
- Year Built 1991
- City Seattle, WA
- Neighborhood Pioneer Square
- Zip Code 98104
- Market Seattle
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Average Actual Rents in Seattle
Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.
Asking Rents in Seattle Office Market
Office rental rates are based on aggregated data of asking rates.
- 2020 Avg. Asking Rent $41.40
- 2020 Office Vacancy Rate 10.70%
- 2020 Office Completions (SF) 2,507,003
Seattle Office Sales Trends
All sale prices are based on publicly recorded, verified sales.
- 2020 Avg. Price per SF $848.55
- 2020 Office Sales Volume $1.6B
- 2020 Number of Transactions 12
- Property Tax in 2022 $148,727
- Market Value* $16,844,500
- Assessed Value $16,844,500
Find more tax info, including assessment history and abatements, on CommercialEdge
*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.
Frequently Asked Questions
What is the total square footage of 1st & King Building?
1st & King Building totals 80,224 square feet.
When was this property built?
1st & King Building was built in 1991.
When was 1st & King Building last sold?
1st & King Building was last sold on 25 Sep, 2007.
What is the property tax for 1st & King Building?
The property tax for 1st & King Building in 2022 was $148,727.
What is the market value for 1st & King Building?
The market value* for 1st & King Building in 2022 was $16,844,500.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.
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