Corner Lot Medical Office
10767 16th Ave SW Seattle, WA 98146
10767 16th Ave SW, Seattle, WA, 98146
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For Sale
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Well-maintained office building on a corner lot with monument and on-building signage and 17 parking spaces.
Property Size2,960 SF
Price / SF$405.41
Days on Market91
Property Features for 10767 16th Ave SW
General Information
- Standard status
- Active
- Size
- 2,960 SF
- Property subtype
- OFFICE
Listing agency
KW Commercial Eastside
(206) 915-9222
Listed by
Marianne Christian, CCIM
(206) 915-9222
Source
Moodyscre
Added: Apr 22 Updated: Jul 20 at 4:36PM Checked: Jul 21 at 5:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW Commercial Eastside
Investment Insights
Based on property information with market context.
This well-maintained office building sits on a corner lot and offers 2,960 square feet of quality space with multiple offices/exam rooms. Monument and on-building signage at the building entrance provides clear street presence, supporting medical or general office use.
The property is located on recently repaved and restriped SW 16th Ave, a four-lane thoroughfare with a center turn lane that provides access to 17 parking spaces. It also offers great access to I-5.
Zoned R-48. This is the first time the property has been brought to market in over 40 years, with the current chiropractor retiring and the space positioned for continued medical or general office operations.
The property is located on recently repaved and restriped SW 16th Ave, a four-lane thoroughfare with a center turn lane that provides access to 17 parking spaces. It also offers great access to I-5.
Zoned R-48. This is the first time the property has been brought to market in over 40 years, with the current chiropractor retiring and the space positioned for continued medical or general office operations.
Key Highlights
- Well‑maintained office building on a corner lot in South Seattle with monument and on‑building signage at the entrance
- 2960 SF of office space with multiple offices/exam rooms
- 17 parking spaces with access from SW 16th Ave, recently repaved and restriped (four‑lane thoroughfare with center turn lane)
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $89.9k | $30.36 |
| − Vacancy | −$20.6k | −$6.95 |
| EGI | $69.3k | $23.41 |
| − OpEx | −$17.3k | −$5.85 |
| NOI | $52.0k | $17.56 |
2,960 SF · lease $30.36/SF/yr · vacancy 22.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$742.4K
$649.6K – $866.1K
NOI $51,965 @ 7.0% cap · market cap 4.33%
Second Best
Healthcare Medical
$607.8K
$531.8K – $709.1K
NOI $42,547 @ 7.0% cap · market cap 3.55%
Theoretical Best
Office A
$890.5K
$779.2K – $1.04M
NOI $62,337 @ 7.0% cap · market cap 5.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Palmer Chiropractic Clinic: ...
Alternative Medicine Practice
Diane Sherwood Palmer
Alternative Medicine Practice
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FAQs
What type of property is this?
Office building - Well-maintained office building on a corner lot with monument and on-building signage and 17 parking spaces.
Where is this office building located?
The property is located at 10767 16th Ave SW Seattle, WA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Well‑maintained office building on a corner lot in South Seattle with monument and on‑building signage at the entrance; 2960 SF of office space with multiple offices/exam rooms; 17 parking spaces with access from SW 16th Ave, recently repaved and restriped (four‑lane thoroughfare with center turn lane)
