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    5228 University Way NE Seattle, WA 98105

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    For Lease
    $1,200 /Mo ($35 SF/Yr)

    Retail or office space available in University District.

    Property size:
    406 SF
    Lot size:
    0.21 Acres

    Property Features for 5228 University Way NE

    General Information

    Size
    406 SF
    Lot size
    0.21 Acres

    Source: 206 Property Advisors Agent James Eeckhoudt

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

    Overview

    University Way Retail/Office Space

    This ground floor retail or office space is available for rent on University Way. The property offers a prime street-level location with excellent visibility in the University District. The flexible space features a functional layout and includes a private kitchenette and bathroom. The property size is 406 square feet.
    Location Intelligence

    Current Use by Public Records

    Existential bodywork Massage Therapist Black Dolphin Tattoo ... Tattoo Shop

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.312787
    Latitude
    47.6673242

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    FAQs

    What type of property is this?
    Retail space - Retail or office space available in University District.
    Where is this retail space located?
    The property is located at 5228 University Way NE Seattle, WA.
    What is the lease rate?
    The lease rate is $35 SF/Yr.
    What are key features of this property?
    This property features: - Prime street-level location in the University District; - Excellent visibility; - Flexible space suitable for retail or office use
    (206) 315-1829
    Request Owner's contact information
    5228 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
    5228 University Way NE Seattle, WA 98105
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