570 MercerSeattle, WA 98109

  • Office properties
  • 9,600 SF
Off market
$5,809,210 Estimated

Property Details for 570 Mercer

Year built
1946
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.67 AC
Property size (Sq ft)
9,600 SF
Zone code
SM-UP 85 (M1)
Property type
Office properties
Property subtype
Office buildings
APN
545830-0405
APU
5458300405

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,597,784
    6.5%
    $2,397,954
    7%
    $2,226,672
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,574,374
    Geo Method
    $1,848,768
  • Alternative Use

    Use
    Valuation
    Residential
    $2,973,463
    Hospitality
    $2,723,676
    Educational
    $2,266,067
    Medical
    $2,344,000
    Retail
    $3,524,992
570 Mercer, Seattle, Washington

Location Insight

City
Seattle
County
King
State
Washington
Latitude
47.625
Longitude
-122.345
CBSA code
42660
CBSA name
SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

  • Assessed Improved Value
    $1,000
  • Assessed land value
    $4,800,000
  • Assessed value
    $4,801,000
  • Tax year
    2022
  • Tax bill
    $44,487

FAQs

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