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King County Department of Assessments

Setting values, serving the community, and promoting fairness and equity.

Department of Assessments

201 South Jackson Street,
Seattle, WA 98104

Office Hours:
Mon - Fri
8:30 a.m. to 4:30 p.m.

TEL: 206-296-7300
TTY relay: 711 or 800-833-4388

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PARCEL DATA
Parcel094200-0590
NameFS RIALTO PACIFIC BUILDING
Site Address712 3RD AVE 98104
Geo Area 30-40
Spec Area 280-120
Property NamePACIFIC BUILDING
JurisdictionSEATTLE
Levy Code0011
Property Type C
Plat Block / Building Number27
Plat Lot / Unit Number1 & 4
Quarter-Section-Township-Range SW-32-25-4
Legal Description
BORENS C D ADD AND POR VAC ALLEY ADJ LESS POR ST
PLat Block: 27
Plat Lot: 1 & 4


LAND DATA
 
Highest & Best Use As If VacantCOMMERCIAL SERVICE
Highest & Best Use As ImprovedPRESENT USE
Present UseOffice Building
Land SqFt14,280
Acres0.33
Percentage Unusable 
UnbuildableNO
Restrictive Size ShapeNO
ZoningDOC1 U/450/U
WaterWATER DISTRICT
Sewer/SepticPUBLIC
Road AccessPUBLIC
ParkingADEQUATE
Street SurfacePAVED
Views Waterfront
Rainier
Territorial
Olympics
Cascades
Seattle Skyline
Puget Sound
Lake Washington
Lake Sammamish
Lake/River/Creek
Other View
Waterfront Location
Waterfront Footage0
Lot Depth Factor0
Waterfront Bank
Tide/Shore
Waterfront Restricted Access
Waterfront Access RightsNO
Poor QualityNO
Proximity InfluenceNO
Designations Nuisances
Historic Site
Current Use(none)
Nbr Bldg Sites 
Adjacent to Golf FairwayNO
Adjacent to GreenbeltNO
Other DesignationNO
Deed RestrictionsNO
Development Rights PurchasedNO
EasementsNO
Native Growth Protection EasementNO
DNR LeaseNO
 
Topography
Traffic Noise
Airport Noise 
Power LinesNO
Other NuisancesNO
Problems
Water ProblemsNO
Transportation ConcurrencyNO
Other ProblemsNO
Environmental
EnvironmentalNO

BUILDING
Building Number1
Building DescriptionOFFICE BLDG
Number Of Buildings Aggregated1
Predominant UseOFFICE BUILDING (344)
ShapeRect or Slight Irreg
Construction ClassSTRUCTURAL STEEL
Building QualityAVERAGE
Stories22
Building Gross Sq Ft227,621
Building Net Sq Ft129,065
Year Built1970
Eff. Year1995
Percentage Complete100
Heating SystemWARMED AND COOLED AIR
SprinklersYes
ElevatorsYes
Click the camera to see more pictures.
Picture of Building 1
Current Picture
Section(s) Of Building Number: 1
Section NumberSection UseDescriptionStoriesHeightFloor NumberGross Sq FtNet Sq Ft
3 RETAIL STORE (353) 115 5,5455,545
2 PARKING STRUCTURE (345)219 stalls (Flrs 2-7)610 98,5560
1 OFFICE BUILDING (344)Flrs (1 + 8-22)1513 123,520123,520


 





TAX ROLL HISTORY

AccountValued YearTax YearOmit YearLevy CodeAppraised Land Value ($)Appraised Imps Value ($)Appraised Total Value ($)New Dollars ($)Taxable Land Value ($)Taxable Imps Value ($)Taxable Total Value ($)Tax Value Reason
09420005900720262027 00118,568,00010,764,00019,332,00008,568,00010,764,00019,332,000
09420005900720252026 001117,136,0004,774,00021,910,000017,136,0004,774,00021,910,000
09420005900720242025 001122,848,0001,652,00024,500,000022,848,0005,780,00028,628,000
09420005900720232024 001122,848,00020,843,00043,691,000022,848,00020,843,00043,691,000
09420005900720222023 001122,134,00030,815,00052,949,000022,134,00030,815,00052,949,000
09420005900720212022 001122,134,00039,657,00061,791,000022,134,00039,657,00061,791,000
09420005900720202021 001122,134,00042,131,00064,265,00040,00022,134,00042,131,00064,265,000
09420005900720192020 001118,564,00044,688,00063,252,000018,564,00044,688,00063,252,000
09420005900720182019 001117,136,00044,927,00062,063,000017,136,00044,927,00062,063,000
09420005900720172018 001115,708,00042,922,00058,630,000015,708,00042,922,00058,630,000
09420005900720162017 001212,852,00033,028,00045,880,000012,852,00033,028,00045,880,000
09420005900720152016 001211,067,00029,733,00040,800,000011,067,00029,733,00040,800,000
09420005900720142015 001210,710,00022,158,00032,868,000010,710,00022,158,00032,868,000
09420005900720132014 00109,996,00022,233,00032,229,00009,996,00022,233,00032,229,000
09420005900720122013 00108,568,00015,838,00024,406,00008,568,00015,838,00024,406,000
09420005900720112012 00108,568,00015,171,00023,739,00008,568,00015,171,00023,739,000
09420005900720102011 00108,568,00014,430,00022,998,00008,568,00014,430,00022,998,000
09420005900720092010 00108,568,00020,070,00028,638,00008,568,00020,070,00028,638,000
09420005900720082009 00108,568,00020,638,00029,206,00008,568,00020,638,00029,206,000
09420005900720072008 00107,497,0008,769,60016,266,60007,497,0008,769,60016,266,600
09420005900720062007 00105,355,0008,598,70013,953,70005,355,0008,598,70013,953,700
09420005900720052006 00104,298,2008,105,10012,403,30004,298,2008,105,10012,403,300
09420005900720042005 00104,298,2008,029,80012,328,00004,298,2008,029,80012,328,000
09420005900720032004 00104,298,2008,032,80012,331,00004,298,2008,032,80012,331,000
09420005900720022003 00104,298,20010,854,80015,153,00004,298,20010,854,80015,153,000
09420005900720012002 00104,284,00013,696,00017,980,00004,284,00013,696,00017,980,000
09420005900720002001 00102,856,00012,472,00015,328,00002,856,00012,472,00015,328,000
09420005900719992000 00102,856,00010,756,00013,612,00002,856,00010,756,00013,612,000
09420005900719981999 00101,785,0007,853,0009,638,00001,785,0007,853,0009,638,000
09420005900719971998 001000001,785,0009,012,00010,797,000
09420005900719961997 001000001,785,00011,315,00013,100,000
09420005900719951996 001000002,998,8007,301,20010,300,000

SALES HISTORY

Excise NumberRecording NumberDocument DateSale PriceSeller NameBuyer NameInstrumentSale Reason
3298853 20240916000401 9/10/2024 $0.00RAINIER TRUSTEE SERVICES INCFS RIALTO PACIFIC BUILDING LLCTrustees' DeedForeclosure
2699099 20141103001550 10/31/2014 $50,350,000.00720 3RD AVENUE PARTNERS LLCBRICKMAN PACIFIC LLCBargain and Sales DeedNone
2596437 20130328002051 3/28/2013 $35,450,000.00PACIFIC BUILDING PARTNERS LLC720 3RD AVENUE PARTNERS LLCSpecial Warranty DeedNone
2323228 20071205001361 12/5/2007 $33,995,000.00LHT CORPORATIONPACIFIC BUILDING PARTNERS LLCBargain and Sales DeedNone
918660 198612301908 12/30/1986 $2,300,000.00ASIA PACIFIC CORPLHT CORPORATIONWarranty DeedOther

REVIEW HISTORY

Tax YearReview NumberReview TypeAppealed ValueHearing DateSettlement ValueDecisionStatus
20262505291Local Appeal$22,849,0001/1/1900$0 Completed
20252402907Local Appeal$28,628,0009/23/2025$24,500,000REVISE, ASSESSOR RECOMMENDEDCompleted
2025105716State Appeal$24,500,0001/1/1900$0WITHDRAWNCompleted
2025105709State Appeal$24,500,0001/1/1900$21,910,000STIPULATEDCompleted
20201901892Local Appeal$67,059,0001/1/1900$0 Completed
20181705370Local Appeal$58,630,0008/29/2018$58,630,000SUSTAINCompleted
201075227State Appeal$28,638,0001/26/2012$28,638,000SUSTAINCompleted
20100903165Local Appeal$28,638,0007/8/2010$28,638,000SUSTAINCompleted
19878602327Local Appeal$17,000,0005/11/1987$15,000,000REVISECompleted

PERMIT HISTORY

Permit NumberPermit DescriptionTypeIssue DatePermit ValueIssuing JurisdictionReviewed Date
6716670-CN Construct alterations for an operable wall and two security entry doors to an existing office tenant suite on floor 15, per plans, Remodel9/27/2019$50,000SEATTLE7/31/2020
6746792-CN Construct non-structural tenant improvement to existing office space on floor 21, per STFI, Remodel9/6/2019$40,000SEATTLE9/11/2020
6590997 Construct alterations for tenant on 19th floor, per plan., Remodel1/8/2018$611,845SEATTLE7/31/2018
6590999 Construct tenant improvements to existing commercial building at the 15th level, per plan., Remodel6/24/2017$611,845SEATTLE7/31/2018
6587817 Blanket Permit for interior non-structural alterations for tenant, MARKET READY SPACE. FLOOR 16. 3/23/2017 jle changed value from 150000., Remodel5/25/2017$150,000SEATTLE7/26/2017
6551521 Blanket Permit for interior non-structural alterations to 21st floor, per plans., Remodel9/6/2016$120,000SEATTLE7/26/2017
6522311 Blanket Permit for interior non-structural alterations. Tenant improvement on the 19th floor for "Urena Law Group, Remodel3/23/2016$70,000SEATTLE7/14/2016
6507855 Blanket Permit for interior non-structural alterations. Tenant improvement for "Market Ready, Remodel12/28/2015$108,000SEATTLE7/14/2016
6479418 Change of use from storage to indoor participant sports (fitness center) and construct alterations to portions of the ground floor of existing commercial building, occupy per plans., Remodel11/16/2015$250,000SEATTLE7/14/2016
6483735 Blanket Permit for interior non-structural alterations to the 1st floor. For Seattle Metropolitan Credit Union, per plans., Remodel8/12/2015$142,280SEATTLE7/14/2016
6425465 Blanket Permit for interior non-structural alterations to the 22nd floor. For (BLUEKAI), per plans., Remodel8/11/2014$125,000SEATTLE8/10/2015
6416656 Blanket Permit for interior non-structural alterations. WORK ON THE 10TH FLOOR (WETPAINT)., Remodel6/10/2014$200,000SEATTLE8/10/2015
6413881 INTERIOR ALTERATIONS TO DIGITALKITCHEN ON THE 8TH FLOOR PER FLOOR PLAN, SUBJECT TO FIELD INSPECTION., Remodel5/28/2014$180,000SEATTLE8/27/2014
6362889 Alterations to rooftop of existing commercial building to add anchors, per plan, Remodel6/5/2013$100,000SEATTLE8/27/2014
6309351 Change of use from customer service office to restaurant and construct tenant improvements to existing commercial building at sutie #100 / per plan., Remodel4/2/2012$125,000SEATTLE7/11/2012
6271332 Blanket Permit for interior non-structural alterations to the 12th floor. For NYHUS, per plans.Remodel2/3/2011$300,000SEATTLE7/14/2011
6164027 Alter lobbies floors 1, 14-16, 19-22 & construct 76 x 8 canopy west side & modify existing canopy & existing office, restaurant retail building all per plan.Remodel6/13/2008$1,000,000SEATTLE6/12/2009
695371 Other10/29/1997$0 2/2/2001

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Notice mailing date: 10/15/2026