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    4515 University Way NE Seattle, WA 98105

    For Lease
    $253 SF/Yr

    Located in the U-District, suitable for offices or retail.

    Property size:
    19,659 SF
    Lot size:
    19,659 SF

    Property Features for 4515 University Way NE

    General Information

    Size
    19,659 SF

    Building Details

    Year built
    1928

    Source: Aaron Mathieu Agent Aaron Mathieu

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    University District Office/Retail Space

    Located in the University District, this second-floor space is suitable for offices or professional services. The property is centrally located near I-5, between NE 45th Street and NE 47th Street. Large, street-facing windows provide natural light. Elevator service is available. Storage space is available on the basement level. The location is within walking distance of the University of Washington, Potbelly Sandwich Shop, Urban Outfitters, Neptune Theatre, Hotel Deca, and University Bookstore. The property size is 19659 square feet.
    Location Intelligence

    Current Use by Public Records

    U:Don Fresh Japanese ... Udon Noodle Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Building Supply Clothing Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.3135353
    Latitude
    47.6618281

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    FAQs

    What type of property is this?
    Office space - Located in the U-District, suitable for offices or retail.
    Where is this office space located?
    The property is located at 4515 University Way NE Seattle, WA.
    What is the lease rate?
    The lease rate is $253 SF/Yr.
    What are key features of this property?
    This property features: - Prime U-District location near I-5 and the University of Washington.; - Suitable for offices or professional services.; - **Large street-facing windows providing great natural light.**
    (206) 210-5207
    Request Owner's contact information
    4515 University Way NE Seattle, WA 98105
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    Seattle, WA 98105
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4515 University Way NE Seattle, WA 98105
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