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    129 1St Ave W Seattle, WA 98109

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    For Lease
    $22 SF/Yr ($4,847 /Mo)

    Classic renovated industrial building with open spaces for office and creative uses.

    Property size:
    2,644 SF
    Lot size:
    0.38 Acres

    Property Features for 129 1St Ave W

    General Information

    Size
    2,644 SF
    Lot size
    0.38 Acres

    Source: Caplock Properties, LLC Agent Jeff Benoliel

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

    Overview

    Renovated Industrial Building For Lease

    This classic renovated industrial building offers open spaces with high ceilings suitable for office, flex, and creative uses. The building features a mix of tenants including R&D, personal services, architects, and specialty food distributors. It is an access-controlled building with security cameras. Nearby amenities include a Safeway and Metropolitan Market, with coffee available less than 500 feet away, along with numerous restaurants and bars. The property provides easy pedestrian access to the Elliot Bay Trail and the Olympic Sculpture Park. The available space is 2644 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Plaza Garibaldi Mexican Restaurant Covenant Health Corporate Office Dione’s Garden Jewelry Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.3556825
    Latitude
    47.6194564

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    FAQs

    What type of property is this?
    Office space - Classic renovated industrial building with open spaces for office and creative uses.
    Where is this office space located?
    The property is located at 129 1St Ave W Seattle, WA.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: - Renovated industrial building with open, **high-ceiling spaces** suitable for office, flex, and creative uses.; - Access-controlled building with security cameras.; - Convenient location near Safeway and Metropolitan Market.
    (425) 974-4229
    Request Owner's contact information
    129 1St Ave W Seattle, WA 98109
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    Seattle, WA 98109
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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
    129 1St Ave W Seattle, WA 98109
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