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    4339-4341 University Way NE Seattle, WA 98105

    For Sale
    $4,500,000

    Fully leased retail asset on high-traffic urban corridor.

    Property size:
    7,978 SF
    Lot size:
    0.09 Acres

    Property Features for 4339-4341 University Way NE

    General Information

    Size
    7,978 SF
    Lot size
    0.09 Acres

    Source: Kidder Mathews Agent David Gellner

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

    Overview

    University District Retail Investment Opportunity

    This offering presents the opportunity to acquire a 100% leased, three-tenant retail asset located on "The Ave" in Seattle’s University District, a dynamic and high-traffic urban corridor. The property is positioned in a core location serving dense residential neighborhoods and the University of Washington community. All tenants are on NNN leases, providing a stable income stream with minimal landlord management. The site is zoned NC3P-65, potentially allowing for up to 6 stories of future development upside. The property size is 7978 square feet.
    Location Intelligence

    Current Use by Public Records

    Retail space

    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
    -122.3134679
    Latitude
    47.6609247

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    FAQs

    What type of property is this?
    Retail space - Fully leased retail asset on high-traffic urban corridor.
    Where is this retail space located?
    The property is located at 4339-4341 University Way NE Seattle, WA.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: - 100% leased retail asset, providing a stable income stream.; - Located in a high-traffic, dynamic urban corridor (“The Ave”) in Seattle’s University District.; - Irreplaceable core location serving dense residential neighborhoods and the University of Washington community.
    (206) 296-9600
    Request Owner's contact information
    4339-4341 University Way NE 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
    4339-4341 University Way NE Seattle, WA 98105
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