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    4019 21St Ave W Seattle, WA 98199

    For Sale
    Contact for pricing

    Office building in Seattle's North Magnolia submarket with water views.

    Property size:
    42,648 SF

    Property Features for 4019 21St Ave W

    General Information

    Size
    42,648 SF

    Source: Arie Salomon, SIOR, CCIM Agent Arie Salomon, SIOR, CCIM

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

    Overview

    Class B Office in Magnolia

    Located in Seattle’s North Magnolia submarket, this Class B office building at 4019 21st Ave W offers dramatic water and Fisherman’s Terminal views. The property is suitable for an owner-user seeking a location in a vibrant neighborhood or an investor interested in Seattle’s competitive commercial market. The total building size is 26,430 RSF, with 11,240 RSF currently available. Suites are divisible down to approximately 2,000 RSF. Onsite parking is available at a ratio of 2.69 per 1,000 SF, including both garage and surface parking options. The second floor includes an exercise room and showers. Currently, 57.47% of the building is leased to Silver Bay Seafoods, with 8.5 years remaining on the lease.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Icicle Seafoods Inc Seafood Wholesaler ISI International Seafood Wholesaler Cresting Wave Seafoods ... Seafood Wholesaler American Gold Seafoods Fish Farm

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.3838239
    Latitude
    47.6564925

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    FAQs

    What type of property is this?
    Office building - Office building in Seattle's North Magnolia submarket with water views.
    Where is this office building located?
    The property is located at 4019 21St Ave W Seattle, WA.
    What are key features of this property?
    This property features: - Dramatic water views and location in the desirable North Magnolia submarket.; - Significant portion (57.47%) leased to Silver Bay Seafoods with 8.5 years of remaining term, providing stable income.; - Suitable for both owner-users and investors.
    (425) 246-9280
    Request Owner's contact information
    4019 21St Ave W Seattle, WA 98199
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    Seattle, WA 98199
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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
    4019 21St Ave W Seattle, WA 98199
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