Building Details

Year Built 1992

Buildings 1

Listing Agency: t***@kidder.com Show Phone

Listed By: Todd Show Phone

Added: Jan 28, 2025 Changed: Mar 16

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Investment Insights

Based on property information with market context.

Located in Seattle, this medical office space offers 6,047 rentable square feet. The property is suitable for medical or dental practices. Constructed in 1992, this Class B office property has a total of 12,102 square feet and is situated on a 0.16-acre lot, which is equivalent to 6,992 square feet. The lease rate is $27.75 per square foot per year. This is a direct lease opportunity. The property is categorized as medical offices, medical centers, medical space, office properties, and healthcare properties. The building's location provides visibility for a practice.

Property Analytics

Current Use

Medical Office Space

Lease Details

NNN (Triple Net)

Lease Type

$4.16 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

3,370

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 98122, WA

41,646

Population

24,942

Households

1.7

Avg Household Size

32

Median Age

72%

College-Educated

98%

High-School Grad

2.3 sq mi

ZIP Area

18,107

Density / Sq Mi

$106,479

Median Household Income

$69,673

Median Earnings

$1,991

Median Rent

$929,400

Median Home Value

Market

Lease Benchmarks for Seattle, WA

$42.75 /SF/Yr

Avg Asking Price

$27.75–$53 /SF/Yr

Price Range

32,413 SF

Avg Space Size

This space is priced 35% below the average of $42.75 /SF/Yr.

Vacancy Rate% for Office in Seattle, WA

8.5% 2019

13.4% 2020

17.6% 2021

19.5% 2022

24.3% 2023

30% 2024

32.3% 2025

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Frequently Asked Questions

What type of property is this?

Medical Office Space - Medical/Dental space available

Where is this medical office space located?

The property is located at 411 12TH AVE SEATTLE WA 98122 KING COUNTY Seattle, WA.

What is the lease rate?

The lease rate is $27.75 SF/Yr.