Office

Park Place

1200 6th ave seattle, wa, 98101, seattle, WA 98101

Price

Price on request

Market rate estimate — not broker-provided

Cost-of-Business Details

High Confidence

Low

$15.00/SF

Mid

$30.00/SF

High

$30.00/SF

Tier Used

direct_comps

Based on 10 comparable office sale listings in the area.

Tier Resolution Trace

Tier 1success10 compsselected

Cost Breakdown

Component	Value	Detail	Source
Base Rent	$30.00/SF	—	direct_comps
Utilities	—	6.9¢/kWh	OpenEI URDB
Property Tax	—	0.0% eff. rate	API Ninjas
Labor Index	—	$2728/wk	BLS QCEW

Source Provenance (1)

Source	Type	Count	Year	Freshness	Peer
OpenSearch Listings	comparable_listings	10	—	real-time	—

Data sources used

listings

Description

Now available for lease, office Park Place located at 1200 6th Ave Seattle, Washington 98101.

Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.

Location

1200 6th ave seattle, wa, 98101, seattle, WA 98101

Leaflet © OpenStreetMap contributors

Market Context

As of Q2 2025, the Seattle / Bellevue office market showed average asking rents near $51.97/SF/yr, and cap rates around 7.5%. Source: curated:CBRE U S Cap Rate Sur Q2 2025 market report.

Projected current pricing

low confidence

Projected asking rent

$51.97/SF/yr

Estimated sale value

$319–$414/SF

Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q2 2025 Newmark data (cap rate 7.5%, asking rent held flat).

View the full Seattle / Bellevue Office market report →

Compare it against other office listings for sale in Seattle, WA to benchmark pricing and space — view the full market.

Office market FAQ

What is the typical cap rate for office in Seattle / Bellevue?: About 7.5% as of Q2 2025, per curated:CBRE U S Cap Rate Sur.

Unified Estimate

High Confidence

$29.57/SF-$34.79/SF

Mid: $34.79/SF

Rate-first confidence-weighted blend with cost-of-business adjustment.

Sale Price History

Market report quarterly trend fallbackFIPS 32003

Low Confidence

Avg Rent ($/SF/yr) (market data)

Market asking rent (quarterly avg)

Investment Analysis

Beta Feature: Investment Analysis is currently in beta testing. Metrics are calculated based on available financial data and market comparables. Results are for informational purposes and should not be considered financial advice. Verify all assumptions and consult with a financial advisor before making investment decisions.