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    4241 21St Ave W Seattle, WA 98122

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    For Sale
    $3,500,000

    Four-story office building with parking and views for sale.

    Property size:
    20,778 SF
    Lot size:
    0.28 Acres

    Property Features for 4241 21St Ave W

    General Information

    Size
    20,778 SF
    Lot size
    0.28 Acres

    Source: Windermere-Midtown Commercial Agent Lauren Hendricks

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

    Overview

    Remodeled Office Building with Parking

    This four-story office building, featuring a secured lobby entrance, is 96% leased. The property includes over 23 off-street parking spaces, a building conference room, and a shower facility. A hospital-grade HEPA filtration system is in place. The building offers views of the Ship Canal and Fisherman's Terminal from every floor. It is located near Vertical World Climbing Gym, Discovery Park, and various restaurants and breweries. The property presents an opportunity for investors or owner-users, with stabilized income from long-term tenants with below-market rents. The current cap rate, considering in-place below-market rent and vacancy, is 5.30%, with an increase to over 8% expected upon leasing of three small suites. The property has a total size of 20778 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ocean Fresh Sea ... Seafood Wholesaler Groundfish Forum Inc Association / Organization F64cg Corporate Office Chair 10, a SmartBug ... Marketing Agency Alaska Seafood Cooperative Seafood Wholesaler

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.3837974
    Latitude
    47.6588081

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    FAQs

    What type of property is this?
    Office building - Four-story office building with parking and views for sale.
    Where is this office building located?
    The property is located at 4241 21St Ave W Seattle, WA.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: - Remodeled office building 96% leased.; - Ample off-street parking with 23+ spaces.; - Secured lobby entrance and building conference room.
    (206) 999-9161
    Request Owner's contact information
    4241 21St Ave W Seattle, WA 98122
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    Seattle, WA 98122
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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
    4241 21St Ave W Seattle, WA 98122
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