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Madore Building

Off-Market

1501 Western Avenue, Seattle, WA 98101

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  • Property Type Office - General Office
  • Property Size 33,645 Sqft
  • Lot Size 0.21 Acre
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1915

Location

  • City Seattle, WA
  • Neighborhood Central Waterfront
  • Zip Code 98101
  • Market Seattle

Contacts

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Owner

  • True Owner

Brokers

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Documents

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Sales

  • Purchase Date 08 Mar, 1993
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date

Market Trends

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.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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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 (Sqft) 2,507,003

Seattle Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2020 Avg. Price per Sqft $848.55
  • 2020 Office Sales Volume $1.6B
  • 2020 Number of Transactions 12
View more Seattle market trends

Tax

  • Property Tax in 2021 $115,855
  • Market Value $12,442,500
  • Assessed Value $12,442,500

Find more tax info, including assessment history and abatements, on CommercialEdge

Frequently Asked Questions

What is the total square footage of Madore Building?

Madore Building totals 33,645 square feet.

When was this property built?

Madore Building was built in 1915.

When was Madore Building last sold?

Madore Building was last sold on 08 Mar, 1993.

What is the property tax for Madore Building?

The property tax for Madore Building in 2021 was $115,855.

What is the market value for Madore Building?

The market value for Madore Building in 2021 was $12,442,500.

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